ALL >> General >> View Article
Key Market Dynamics In Building Information Modeling
The report "Building Information Modeling Market by Type (Software, Services), Application (Buildings, Civil Infrastructure, Industrial, Oil & gas), End-User (AEC, Contractors and Facility Managers), Project Lifecycle, and Region - Global Forecast to 2024", is projected to grow from USD 4.9 billion in 2019 to USD 8.9 billion by 2024; it is expected to record a compound annual growth rate (CAGR) of 12.7%. The rising BIM trends and governments initiatives for the adoption of BIM are the major factors that drive market growth.
Download PDF Brochure @
Software to account for the largest share of the building information modeling market
Software is expected to lead the building information modeling market, by type. The software is segmented further into architectural design, sustainability, structure, MEP, construction, and facility management. Architecture is expected to dominate the BIM software market. The use of BIM for architectural designs helps in integrating designs and advanced visualizations. It also helps optimize designs as per the requirements. The construction software is expected to hold a significant share of the software type. To increase productivity, a complex construction process has to be followed by strict processes and tight schedules. BIM in the construction process is mainly used for simulation, estimating, and construction analysis.
AEC to dominate the building information modeling market during the forecast period
The collaboration of architecture, engineering, and construction (AEC) process result in completing a project. BIM is among the most promising developments in the AEC segment, and it adopts various digital technologies that would help transform the AEC segment. Currently, BIM is coupled with powerful design and simulation tools that nurture greater collaboration between project teams. BIM allows AEC end-users to collaborate with the overall construction work right from the preconstruction to the operations phase.
North America to account for the largest share of the building information modeling market by 2024
Major factors driving the growth of the building information modeling market in North America include the expectation of adoption of BIM mandates in the region, significant investments in infrastructure projects from government & private players, and initiatives taken by various organizations in these regions for the adoption of BIM in respective countries.
Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=95037387
Autodesk, Inc (Autodesk, US), Nemetschek Group (Nemetschek, Germany), Bentley Systems, Incorporated (Bentley Systems, US), Trimble Inc. (Trimble, US), Dassault Systèmes SE (Dassault Systèmes, France), RIB Software SE (RIB, Germany), Asite (Asite, UK), AVEVA Group plc (AVEVA, UK), Hexagon AB (Hexagon, Sweden), Archidata Inc. (Archidata, Canada), Pöyry Oyj (Pöyry, Finland), Beck Technology (Beck Technology, US), Computers and Structures, Inc. (Computers and Structures, US), and 4M Company (4M Company, US), are the few key players in the building information modeling (BIM) industry.
General Articles1. What To Keep In Mind While Buying A Commercial Security Door For Your Business
Author: GVA Garage Doors
2. Support Akshaya Patra’s Covid-19 Relief Services On World Hunger Day
Author: Akshaya Patra
3. Sandalwood Cultivation- Witnessing A Huge Growth In The Market
4. Advantages Of Hiring A Professional Electrician
Author: New Revelation Technologies
5. Why A Powerful Sewer Cable Machine Matters
Author: Lori Troyer
6. Increasing Funding Driving Blockchain Technology In Healthcare Market
Author: Pramod Kumar
7. The Soul Planet Of Mind Power
Author: Sagar Institute of Research & Technology
8. 3 Seo Topics That Any Website Owner Needs To Know!
Author: Thomas Decker
9. Angularjs Training - Free Online Demo
Author: Jovi Soft Solutions
10. Pick Up A Pair Of These Mens Boots In Size 15
Author: ADRIAN COULTER
11. Hospital Quality Management Course
Author: ssodl pune
12. 5 Little-known Tips To Complete Online Quran Courses Successfully
Author: Studio Arabiya
13. Twitter Now Lets You Schedule Tweets From Its Web App
Author: karen minton
14. Major Materials Used In Medical Implants
Author: Prasad Ugale
15. Best Ways To Select The Cheapest Packers And Movers In Noida
Author: Sunita Kumari