Building Information Modeling (BIM) is considered an innovative technology in the construction sector because of its low risk and high control over the operations provided, as well as a wide range of functional functions. BIM’s global market is currently over USD 3000 Mn and is expected to exceed USD 8,000 Mn by the end of 2023, reflecting an impressive 14.9% CAGR during the evaluation period. BIM is increasingly being used in mega infrastructure projects such as railroads, residential complexes, roads, etc. Architects and engineers can use BIM to obtain a digital database of construction sites, allowing them to modify or change the design of structures. Additionally, the introduction of stringent building safety regulations will support the adoption of BIM in the years to come. However, high initial setup costs are limiting the prospects of BIM in infrastructure projects facing budget constraints.
A full report of Building Information Modeling (BIM) Market is available at: https://www.orionmarketreports.com/building-information-modeling-market/26436/
Global Building Information Modelling (BIM) Market – Segmentation
By Solution
• Software
• Service
By Deployment Type
• On premise
• Cloud-based
• BIM Market by End User
• Architect/Engineer
• Contractor
• Others
By Vertical
• Commercial
• Residential
• Infrastructure
• Institutional
• Industrial
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Building Information Modelling (BIM) Market Report
• What was the Building Information Modelling (BIM) Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Building Information Modelling (BIM) Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Building Information Modelling (BIM) Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
