RIB Software Strengths, Domain Expertise, and Key Differentiators
RIB Software is a trailblazer within the building and construction sector, specializing in the creation, development, and provision of state-of-the-art digital technologies tailored for construction enterprises and projects spanning diverse industries globally.
The iTWO cloud-based platform, pioneered by RIB Software, stands out as the world's first enterprise cloud technology grounded in 5D Building Information Modeling (BIM) with integrated artificial intelligence. This innovative solution caters to construction companies, industrial firms, developers, project owners, and more.
With a rich history of over 50 years in the construction domain, RIB Software places a strategic focus on IT and engineering. The company has earned a reputation as a front-runner in construction innovation, consistently introducing fresh perspectives, novel work methodologies, and cutting-edge technologies to elevate construction productivity.
Headquartered in Stuttgart, Germany, and Hong Kong, China, RIB Software boasts a workforce of 2,600 skilled professionals spread across over 30 locations worldwide. The company is committed to reshaping the construction industry into the most advanced and digitally-driven sector in the 21st century.
RIB Software Recent Developments
In its most recent update of SpecLink Cloud, RIB Software introduces enhanced formatting and export choices to aid owners, architects, engineers, and specifiers seeking a swifter and more dependable method for generating "Sheet Specs." These project specifications are formatted and arranged on one or more drawing sheets.
In collaboration with Microsoft, RIB Software created MTWO, a cloud-based 5D Building Information Modeling (BIM) solution designed for the construction and real estate sectors. MTWO serves as an integrated platform for construction management and virtual-to-physical planning, operating seamlessly on the renowned Microsoft Azure cloud platform.
RIB Software Mergers and Acquisitions (M&A) Activities
In July 2020, Schneider Electric concluded a voluntary public takeover of RIB Software, marking the official integration of RIB into Schneider Electric. The initial phase of this collaboration involves synergizing sales efforts and establishing joint sales teams spanning over 10 zones, including the US, ANZ, Nordic, UK, Spain, India, DACH, France, Middle East, and Africa.
RIB Software Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying RIB Software applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of RIB Software and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified iTWO (Cloud Platform for construction and real-estate), customers.
RIB Software Overview
Vaihinger Straße 151
Stuttgart, x, 70567, Germany
49 711 7873-0
https://www.rib-software.com/
Ownership: - x
Number of Employees: 2610
Functional Markets: Analytics and BI, Collaboration, Content Management, ERP Financial, ERP Services and Operations, PLM, PPM, Procurement, SCM,
Key Verticals: Construction,
RIB Software Key Enterprise and Cloud Applications
iTWO (Cloud Platform for construction and real-estate),
RIB Software Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
RIB Software Revenue Breakdown By Type, $M:
RIB Software Enterprise Applications Revenues By Functional Markets, $M:
RIB Software Enterprise Applications Revenues By Verticals, $M:
RIB Software Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
RIB Software Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
RIB Software Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified RIB Software Customers
No. of RIB Software Customers: 23000
No. of RIB Software Enterprise Applications Customers: 23000
No. of RIB Software Cloud Customers: x
No. of RIB Software Cloud Subscribers: x
RIB Software boasts a global clientele, with a robust presence of over 23,000 customers and over 770,000 users worldwide.
Targeting a diverse range of clients, including construction companies, industrial entities, developers, general contractors, real estate firms, project owners, and consulting organizations, RIB Software caters to a broad spectrum of industry needs.
Among its notable clients are leading contractors, developers, and industrial companies across the globe, including renowned names like Siemens, Bosch, YIT, Strabag, VINCI, Westforce Construction, Afcons Infrastructure, Davison Earthmovers, PP Construction, Mike Buyskes Construction, Kusile Power Station, CRC Church Midrand, Yas Waterworld, De Beers Group, and many more.
RIB Software Market Opportunities, M&A and Geo Expansions
In June 2020, RIB invested in Beijing Bochao Times Software, a company based in China specializing in electric power and engineering design software. This strategic move aims to support the expansion of iTWO 4.0 in the Chinese market.
RIB Software Risks and Challenges
The assimilation of new technology and the process of digitalization require time and necessitate support from both governmental bodies and society at large.
RIB Software Ecosystem, Partners, Resellers and SI
RIB's software partners include Autodesk (integrating data from Autodesk's BIM products with RIB's cost management suite), Microsoft, Oracle Primavera for project, resource and portfolio management software, Topcon Europe B.V for optical and electronic instruments for construction and machine control applications."
In July 2021, AVEVA forged a partnership with RIB Software, a global player in digital technologies for construction. This collaboration aims to elevate AVEVA's Project Execution portfolio for the process and plant industries. Through integration, the AVEVA Unified Project Execution solution incorporates advanced features from the RIB MTWO platform. These include improved estimation and project cost controls, robust dashboards and KPI monitoring, and streamlined construction management featuring comprehensive Connected Worker capabilities in the Cloud.
RIB Software Cloud Infrastructure Insights
Subscribe to read more about:
- RIB Software Public Cloud and Infrastructure (IaaS)
- RIB Software Platform (PaaS)
- RIB Software Application Delivery
- RIB Software Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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