The building information modeling market has so far been caught in its early development phases and holds only a handful of well-established players, according to a research report published by Transparency Market Researv. A majority of these players are showing high optiFmism regarding their roles in the global building information modeling market as the services and software can be further developed to impart greater visibility in the phases of design and construction and offer cost ... Read more
According to the new market research report "Building Information Modeling Market by Type (Software, Services), Project life cycle (Pre-construction, Construction, Operation), Application (Buildings, Civil Infrastructure, Oil & Gas, Industrial, Utilities), Geography - Global Forecast to 2022", the market is expected to grow from USD 3.56 Billion in 2017 to USD ... Read more
Global Building Information Modeling Market: Key Trends
The adoption of BIM is expected to have a positive impact on the construction sector and eventually on the world BIM market owing to some desirable advantages. These could be related to improvement in the coordination and communication practiced all through the asset lifecycle management process. The world BIM market is also expected to win traction on account of mandates regarding the application of BIM imposed ... Read more
According to MarketsandMarkets, the global building information modeling (BIM) market size is projected to grow from USD 4.9 billion in 2019 to USD 8.9 billion by 2024, at a CAGR of 12.7%. Major factors driving the growth of the BIM market are rising urbanization and infrastructure projects, growing benefits offered by BIM for the AEC industry, and increasing government mandates ... Read more
Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global Building Information Modeling market during the historical period of 2014 – 2018. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2019, and key prospects over the forecast period 2019 – 2027.
Global building information modeling is set to exhibit a strong growth rate of 12% and poised to surpass US$ 11 Bn by 2027. Extensive ... Read more
According to the recent study the building information modeling market is projected to reach an estimated $9 billion by 2025 from $5 billion in 2019, at a CAGR of 10% from 2020 to 2025. Growth in this market is primarily driven by rapid urbanization, growth in infrastructure projects, and increase adoption of BIM for plan, design, and manage building project efficiently.
