The popularity of automated BIM solutions over 3D building models is driven by the need for adoption in budget estimation, thereby accentuating the market. Implementation of BIM Help in Better Estimation of Budgeting
The functionality of building information modeling to facilitate better collaboration across various stakeholders in the value chain in the construction industry is expected to boost its adoption in developed countries. In addition, the successful implementation of BIM by contractors and architects is largely motivated by better estimation of budgeting and the marked reduction in the maintenance cost.
The high capital investment required due for engaging the services of consulting firms is a key factors hindering the adoption of BIM, especially among SMEs. Furthermore, the paucity of required technical skill may impede the market to an extent.
Nevertheless, the advent of scalable and cost-effective cloud-based BIM solutions has led an increased adoption among SMEs who have budget constrained or may lack adequate infrastructure. This is expected to open up lucrative growth avenues for market players in the coming years.
Software are expected to lead the global BIM market between 2018 and 2025.The software segment held a major share of the BIM market in 2016. The high demand for cost-effective construction processes & their ease of handling and benefits of design modeling software are some of the factors responsible for the high adoption of building information modeling software in the architectural, engineering, and construction (AEC) industry.
However, the BIM market for services is expected to grow at the highest CAGR during the forecast.
Market Major Player’s
This report studies the global Building Information Modelling (BIM) market, analyzes and researches the Building Information Modelling (BIM) development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
Autodesk Inc, Beck Technology Ltd., Dassault Systemes SA, Synchro Software Ltd., Tekla Corporation, Bentley Systems Inc., Pentagon Solutions Ltd, AECOM, GRAITEC, Nemetschek AG
The commercial and infrastructure construction industry have been witnessing increasing demand for automation of technical drawings and database in the recent years. Further, the supportive government regulations pertaining to mandating the use of BIM in commercial projects, booming real estate industry and growing awareness of the benefits of BIM, among architects and contractors, would drive its adoption, globally.
In the current scenario, BIM has emerged as an ideal alternative to traditional CAD software, owing to its suitability over a variety of operational issues such as cost management, handling raw data & information and alignment of processes associated with construction projects. Thus, BIM is expected to exhibit an upward growth trend across widespread verticals.
Market segment by Regions/Countries, this report covers
United States, EU, Japan, China, India, Southeast Asia
Market segment by Type, the product can be split into
Software, Consultancy Service
Market segment by Application, Building Information Modeling (BIM) can be split into
Residential, Commercial Building, Roads, Bridges, and Highways, Others
Xpodence Research Category: Market Research Publishers and RetailersCompany about: Xpodence Research is a U.S. based Market Research Company and offers the most extensive collection of progressive surveying syndicated and customized research reports of various categories for private and public industries across the globe.
Polaris Market Research & Consultinghttps://www.polarismarketresearch.comCategory: Market Research Publishers and RetailersCompany about: Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries presen ...