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Global Building Information Modeling (BIM) Market 2017-2025 to Grow at a CAGR of 19.3% - ResearchAndMarkets.comThe "Global Building Information Modeling (BIM) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 to 2025" report has been added to ResearchAndMarkets.com's offering. The Global Building Information Modeling (BIM) Market was valued at US$ 3,976.6 million in 2016 and is expected to grow at a CAGR of 19.3% during the forecast period from 2017 to 2025. Building information modeling (BIM) has offered a viable solution to various stakeholders in the construction industry to effectively collaborate and contribute to the overall completion of the construction projects. Benefits such as comprehensive approach to the overall project coupled with efficient coordination have led to the growing popularity of BIM software over other raditional approaches such as AutoCAD, 3DMax and CATIA. The use of BIM software has enabled developers to reduce design errors and schedule projects efficiently thereby, resulting in waste reduction in terms of materials, time and other resources. Furthermore, with adverse impact on environment accompanied with limited land area in most of the developed cities across the world, it has become imperative for construction developers to make optimum utilization of available resources. Government in numerous developed countries such as the U.S., the UK, Finland, Denmark, Norway, Singapore and Australia, among others have mandated the use of BIM for various public and private construction activities. Thereby, the BIM market is expected to witness significant growth in such markets during the forecast period from 2017 to 2025. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/fkrncb/global_building?w=4 View source version on businesswire.com: https://www.businesswire.com/news/home/20180323005419/en/ |
