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Building Information Modeling Market to grow at 12.7% CAGR to 2024

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Building Information Modeling Market 2019-2024 report tells the market value in Next Few Years and report shows the whole scenario of Building Information Modeling industry.

The Building Information Modeling Market size is projected to grow from US$ 4.9 Billion in 2019 to US$ 8.9 Billion by 2024, with a CAGR of 12.7%. The building information modeling market is driven by various factors, such as rising urbanization and infrastructure projects, growing benefits offered by BIM for the AEC industry, and increasing government mandates for BIM adoption.

Browse 113 Market Data Tables and 53 Figures spread through 171 Pages and in-depth TOC on “Building Information Modeling Market Research Report” www.rnrmarketresearch.com/contact…ame=231858

The major players operating in this market are Autodesk (US), Nemetschek (Germany), Bentley Systems (US), Trimble (US), Dassault Systèmes (France), RIB (Germany), Asite (UK), AVEVA (UK), Hexagon (Sweden),and Archidata (Canada).

“Services to witness the highest CAGR during the forecast period”

BIM services comprise services related to infrastructure modeling to architects, engineers, general contractors, and developers. In addition, BIM services include the provision of detailed engineering of a project, which helps in improving the quality of buildings, reducing their designing and maintaining costs, and sharing information more effectively among building owners, design teams, contractors, and facility managers.

The service segment is expected to grow at the fastest rate as it includes the detailed engineering of a project, which helps in improving the quality of buildings, reducing their designing and maintaining costs, and sharing information more effectively among building owners, design teams, contractors, and facility managers.

Inquire More on “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” research report at www.rnrmarketresearch.com/contact…ame=231858

“Based on applications, building is likely to be the fastest-growing application during 2019–2024”

Due to rising trends in digitization across industries, BIM is gaining popularity in the construction industry. Building applications mainly includes commercial, residential, and retail buildings.

Buildings are designed with the help of BIM mostly during the pre-construction phase, in which the 3D modeling of the structure is prepared and the flow of the entire building project is decided. These buildings are constructed mostly on a customized basis.

BIM is widely used in building applications to reduce the cost overrun and time overrun, which may help in reducing the delays in the project.

“APAC to record the highest growth rate in building information modeling market during the forecast period”

APAC is likely to be the highest growing market for building information modeling market in the coming years. The market in APAC is expected to grow at the fastest rate due to the use of BIM for large-scale infrastructure and building projects.

Government initiatives are expected to act as a major factor driving the BIM market in APAC.

Access a copy of “Building Information Modeling Market” research report at www.rnrmarketresearch.com/contact…ame=231858

Breakdown of supply-side primary interviews, by company type, designation, and region:

  • By Company Type: Tier 1-52%, Tier 2–25%, and Tier 3-23%
  • By Designation: C-Level Executives-55%, Directors -27%,and Managers-18%
  • By Region: North America-40%, Europe-20%, APAC-28%,and RoW -12%

Reason to access this report:

The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall building information modeling market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

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