Building Information Modelling Market To Witness Astonishing Growth By 2025


Posted March 17, 2020 by rohit890

Building Information Modelling (BIM) is an intelligent and model-based process that provides insights for creating and managing construction projects at a fast pace

 
Market Overview

Building Information Modelling (BIM) is an intelligent and model-based process that provides insights for creating and managing construction projects at a fast pace, economically, and in a highly sustainable. All the data are collected during the design, construction, management, and maintenance phases are incorporated into digital models that can be used by all construction partners. BIM helps in building a virtual project at the initial state of construction and it is known as virtual construction.

Increasing demand for improving productivity and competitiveness in the architecture, engineering, and construction industries is a key factor driving adoption of building information modeling

Building Information Modelling (BIM) technology helps in increasing productivity by minimizing costs and time. Moreover, due to various advanced features such as minimizing the duration of project management, reduce rework, and improve quality have increased demand for BIM in construction industry.

Also, increasing government support for the implementation of BIM in various projects have further driven market growth. For instance, the U.K. government projects that BIM would help in 20–30 percent reduction in the lifecycle cost of its public-sector assets built after 2016.



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Market Dynamics



Resistance to Change is the major hindering factor in the growth of the market

Complexity in operation and lack of trained professionals to operate the software with the required proficiency, and the possibility of mishandling that may lead to loss of time and cost are among the other substantial factors that will continue to hinder the industry growth prospects. Furthermore, lack of BIM standards and low consumer awareness are also negatively impacting growth of the market.

Global Building Information Modelling (BIM) Market: Taxonomy

On the basis of offering, the global building information modeling market is segmented into:

Software

Service

On the basis of the project type, the global building information modeling market is segmented into:

Pre-Construction

Construction

Other

On the basis of vertical, the global building information modeling market is segmented into:

Commercial

Residential

Infrastructure

Institutional

Industrial

Others

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Major players operating in the global building information modelling market include Autodesk Inc., Nementschek SE, Trimble Navigation Ltd., Bentley System, Inc., Asite Ltd, AVEA,RIB Software AG, Dassault Systems, Archidata, Inc., Intergraph Corporation, Beck Technology Ltd., Computer & Structure, Inc., Robert Mcheel & Associates, and Cadsoft



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Issued By rohit
Country India
Categories Advertising , Blogging , Marketing
Last Updated March 17, 2020