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WiredRelease
WiredRelease
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Building Information Modeling (BIM) Market Getting Ready to Deliver Gains

August 29, 2019 | About:

The global Building Information Modeling (BIM) market is expected to flourish in the forecast period with the technological advancements made by the key players and new entrants in the market. The traditional software versions are expected to get a makeover or ramped up to keep pace with the BIM software. The construction sector is expected to witness the highest rate of development.

Allied Market Research published a report on the global Building Information Modeling (BIM) market. According to the expert analysis carried out by Allied Market Research, the global BIM market is expected to garner $11.7 million by 2022. It is anticipated to grow at a compound annual growth rate of 21.6% in the forecast period 2015–2022. The report is a comprehensive overview of the market, the factors that increase or limit the growth of the market, and the major opportunities that the market has to offer. It focuses on the various market segments and the segment-specific market trends, competitive scenario, and the BIM market size and forecast. The report has profiled the key players in the market and the winning strategies adopted by them.

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The enhanced productivity that is obtained through interoperability is the main driving factor of the global building information modeling market. BIM enables enhanced data communication between the stakeholders. The tremendous growth in the construction industry has fuelled the growth of the BIM market. Lack of skilled professionals in the BIM industry coupled with the high cost of the software act as major obstacles to the growth of the market.

The BIM market is segmented based on the deployment type, solution type, business vertical, and by geography. The segment based on business verticals includes commercial, residential, infrastructure, institutional, and industrial applications.

Latest Technological Advancements in the BIM market

BIMobject, world’s leading BIM object platform, announced that BIMobject Cloud recently reached the milestone of 500,000 professional users. The product has more than 94 million views and the number of downloads has exceeded the 13 million mark.BIMobject Cloud gives access to the designers, architects, construction professionals, and engineers to high-quality BIM objects straight from the manufacturers. The BIMobject Cloud is home to over 39,000 product families that come from more than 990 leading brands all across the globe.

As technology advances, innovators are now combining the Business Information Modeling (BIM) software with other advanced technologies such as Virtual Reality. As a part of the £100 million project, backed by the government, 3D Repo aims at simulating a route for a driverless vehicle which is a part of the Smart Mobility Living Lab. With the collaboration of BIM and Virtual Reality headsets in 3D Repo’s cloud-based software, visitors can take a feel of the local transport environment sitting right in the 11th-floor office. The testing of CAV mobility services, vehicle and control center infrastructure is made possible with the implementation of this project. The project facilitates the testing of every technology under the sun, right from automotive technologies to the new entrants in the market.

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CADsoft Consulting Inc. is a name to be reckoned with when it comes to technologies that implement design and construction methods. CADsoft has been successful in providing construction and management tools to the clients over the last three years. Being one of the three advisors of BIM360 Autodesk, CADsoft earned the new Construction Specialization.

BIM is gradually shifting to BIM level 3 after the compliance of BIM level 2. In BIM level 2, all the factions use their own 3D CAD models but do not necessarily work on the same, shared model. BIM Level 3 requires everyone to work on same, single project model with complete collaboration between all the disciplines.

Chief reasons for market fluctuations:

1. Enhanced productivity through interoperability

2. Government mandates for BIM usage

3. Growing construction industry

Questions answered in the BIM Market research report:

1. What is the growth rate of the BIM Market during the forecast period?

2. What will be the global BIM market size from 2017 to 2022?

3. What are the leading manufacturing companies in the BIM Market?

4. How the major current trends will shape the market in the future?

5. What are the driving factors and opportunities in the BIM Market?

Explore more report

Intelligent Building Market is Estimated to Generate $ 42,649 million by 2024

Infrastructure-as-a-Service (IaaS) Market to Accrue $92,075 million by 2023, Globally

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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WiredRelease
WiredRelease is an online press release distribution service which helps companies, individuals, and bloggers to publish their news to Google News, Apple news, other famous online news portals, magazines as well as social media platforms.

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