Global BIM and Digital Twin for Built Environment Growth Opportunities

Global BIM and Digital Twin for Built Environment Growth Opportunities

The Dynamic Duo will Transform the Future of Digital Building Life Cycle Management

RELEASE DATE
06-Jul-2023
REGION
Global
Deliverable Type
Market Research
Research Code: PEAD-01-00-00-00
SKU: EN01396-GL-MT_27833
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Description

BIM and digital twin are complementary technologies transforming the AEC industry by enabling collaborative design, improving project efficiency, and enhancing asset performance. BIM provides a comprehensive 3D modeling and data management platform, while digital twin extends it with data integration, optimization, simulation, and 3D virtual experience capabilities. Together, these technologies empower stakeholders to plan, design, build, and operate buildings and infrastructure more intelligently and efficiently.

Frost & Sullivan has segmented the overall BIM and digital twin market based on end-user verticals, including commercial, industrial, residential, infrastructure, and others (public administration buildings, educational institutions, and healthcare buildings). The geographies the study covers are North America, Europe, Asia-Pacific, and Rest of World.

For BIM, the study includes the software and services used to create virtual 3D static models of built environments, enabling collaboration and visualization of these environments’ design and construction.

For digital twin, the study includes software and services that create dynamic and digital replicas of physical building assets, such as heating, ventilation, and air conditioning (HVAC), lighting, and fire safety and security systems, elevators, escalators, manufacturing industries’ equipment, and water and wastewater industries’ equipment. The platform combines real-time spatial, occupancy, assets, and environmental data with analytics, converting building data into building intelligence and supporting decision-making for overall building performance optimization and building life cycle management. Some digital twin applications included in the study are data orchestration, building performance simulation, immersive 3D experiences, climate resilience analysis, and financial risk assessment for built environments.

The study captures BIM and digital twin revenue from buildings’ preconstruction phase to the operational phase. It does not cover the construction management software used exclusively for project bidding, financial planning, project scheduling, field operations, or quality control. However, if these features are included with BIM and digital twin software, their revenue is covered.

Key Issues Addressed

  • What key growth opportunities can market participants leverage to continue their double-digit growth during the forecast period?
  • What are the challenges and strategic imperatives for BIM and digital twin market participants?
  • How have BIM and digital twin technologies evolved?
  • What is the global and regional market share of the leading BIM and digital twin companies?
  • What do the regional opportunity and regional competitive landscape look like?

Author: Anirudh Bhaskaran

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the BIM and Digital Twin Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

End-user Segmentation

BIM and Digital Twin: Roadmap and Maturity Levels

Top Performers and Emerging Innovators

Growth Metrics

Growth Drivers

Growth Restraints

Forecast Assumptions

Revenue Forecast

Revenue Forecast by Product

Revenue Forecast by End-user Vertical

Revenue Forecast by Region

Revenue Forecast Analysis

Global BIM Mandates

Competitive Environment

Revenue Share and Analysis

Digital Asset Life Cycle Management: Competitive Landscape

Autodesk

Bentley

Glodon

Planon

Siemens

Growth Metrics

Revenue Forecast

Revenue Forecast by Product

Forecast Analysis

Revenue Share and Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Product

Forecast Analysis

Revenue Share and Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Product

Forecast Analysis

Revenue Share and Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Product

Forecast Analysis

Revenue Share and Analysis

Growth Opportunity 1: Digital Twin-enabled Metaverses

Growth Opportunity 1: Digital Twin-enabled Metaverses (continued)

Growth Opportunity 2: High-growth Regions

Growth Opportunity 2: High-growth Regions (continued)

Growth Opportunity 3: Cocreation and Collaboration

Growth Opportunity 3: Cocreation and Collaboration (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

BIM and digital twin are complementary technologies transforming the AEC industry by enabling collaborative design, improving project efficiency, and enhancing asset performance. BIM provides a comprehensive 3D modeling and data management platform, while digital twin extends it with data integration, optimization, simulation, and 3D virtual experience capabilities. Together, these technologies empower stakeholders to plan, design, build, and operate buildings and infrastructure more intelligently and efficiently. Frost & Sullivan has segmented the overall BIM and digital twin market based on end-user verticals, including commercial, industrial, residential, infrastructure, and others (public administration buildings, educational institutions, and healthcare buildings). The geographies the study covers are North America, Europe, Asia-Pacific, and Rest of World. For BIM, the study includes the software and services used to create virtual 3D static models of built environments, enabling collaboration and visualization of these environments’ design and construction. For digital twin, the study includes software and services that create dynamic and digital replicas of physical building assets, such as heating, ventilation, and air conditioning (HVAC), lighting, and fire safety and security systems, elevators, escalators, manufacturing industries’ equipment, and water and wastewater industries’ equipment. The platform combines real-time spatial, occupancy, assets, and environmental data with analytics, converting building data into building intelligence and supporting decision-making for overall building performance optimization and building life cycle management. Some digital twin applications included in the study are data orchestration, building performance simulation, immersive 3D experiences, climate resilience analysis, and financial risk assessment for built environments. The study captures BIM and digital twin revenue from buildings’ preconstruction phase to the operational phase. It does not cover the construction management software used exclusively for project bidding, financial planning, project scheduling, field operations, or quality control. However, if these features are included with BIM and digital twin software, their revenue is covered.--BEGIN PROMO--

Key Issues Addressed

  • What key growth opportunities can market participants leverage to continue their double-digit growth during the forecast period
  • What are the challenges and strategic imperatives for BIM and digital twin market participants
  • How have BIM and digital twin technologies evolved
  • What is the global and regional market share of the leading BIM and digital twin companies
  • What do the regional opportunity and regional competitive landscape look like

Author: Anirudh Bhaskaran

More Information
Deliverable Type Market Research
Author Anirudh Bhaskaran
Industries Environment
No Index No
Is Prebook No
Keyword 1 Digital Twin Technology
Keyword 2 Bim Digital Twin
Keyword 3 Building Digital Twin
Podcast No
WIP Number PEAD-01-00-00-00