UAE Building Information Modeling Software Market Size Insights
According to MarkNtel Advisors study The future of UAE Building Information Modeling Software Market is projected to grow at a CAGR of around 22.5% during the forecast period, i.e., 2022-27. The market witnessed a modest growth during 2017-19, primarily attributed to the rise in government mandates for BIM usage across Dubai and the expansion of the construction industry in the UAE.
What are the Key Driver in the UAE Building Information Modeling Software Market?
Increasing Government Mandates for Building Information Modeling (BIM) Adoption: Various initiatives by the UAE government toward promoting the adoption of BIM technology have served as an added push to its increased demand in the country. The market witnessed modest growth during 2017-19 due to the rise in government mandates for BIM usage across Dubai, coupled with the rapidly expanding construction industry across the country. In 2015, Dubai Municipality issued Circular No. 207 that mandated using BIM solutions in Dubai's architectural mechanical work for buildings above 20 floors with areas larger than Dubai Municipality. Abu Dhabi Municipality announced the adoption of BIM technology for all the construction projects to explore innovative solutions for improving costs, timelines, overall efficiency. Later in June 2019, the Dubai Road Transport Authority (RTA) transformed its asset management processes into a BIM-enabled system. Hence, all these events indicate that the utilization of BIM solutions in the country shall continue surging significantly in the coming years.
What are the Key Segments in the UAE Building Information Modeling Software Market?
The UAE Building Information Modeling Software is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
- By Deployment Mode
- On Premises
- Cloud-Based
- By Project Lifecycle
- Pre-Construction Design
- Construction
- Operation
- Renovation Retrofitting
- By Industry
- Residential
- Commercial
- Public Infrastructure
- Healthcare
- Sports Entertainment
- Industrial
- Oil Gas
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How does geographical analysis highlight in the UAE Building Information Modeling Software market?
- By Regions
- Al Dubai
- Abu Dhabi
- Sharjah
- Others (Fujairah, Ajman and Umm-AL Quwain)
Who are the Key Players in UAE Building Information Modeling Software Market?
Hitachi, Ltd, Middle East Branch, Kone Middle East LLC, Otis LLC, Schindler Middle East, Al-Futtaim Engineering, Nigma Lifts Installation Maintenance Co, Thyssenkrupp Elevator, Al Nas Elevator Contracting LLC
UAE Building Information Modeling Software Market News
In December 2021, Autodesk Inc. announced to acquire ProEst, a cloud-based estimating solution that generates detailed proposals reports, manages bid-day processes, and performs digital take-offs. The acquisition would empower construction teams to manage their critical workflows on a single platform and strengthen Autodesk Construction Cloud’s preconstruction offerings.
In March 2021, Autodesk, Inc. announced the launch of Autodesk Takeoff, which helps estimators perform 2D 3D quantification workflows from a common data environment to increase collaboration, speed, accuracy during the estimation process.
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Why This MarkNtel Advisors Research Report:
- In-depth Market Analysis: Understand trends and dynamics shaping growth.
- Segmented Insights: Target specific segments for focused strategies.
- Geographical Performance: Assess market opportunities by geographic area.
- Emerging Technologies: Discover advancements like AI integration.
- Risk Identification: Pinpoint challenges to inform strategic planning.
- Future Forecasts: Prepare for market changes with actionable projections.
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