Building information modeling (BIM) is a process that is used to design and develop a digital representation of a building's physical structure prior to its construction. BIM is a 3D virtual model of a building or layout plan in layman's words. BIM facilitates visual imaging while also assisting in budget estimation, manpower requirements, and process coordination. Technological breakthroughs have piqued the interest of developers in smart technologies such as the usage of computer-aided design tools. Prior to BIM, identical activities were performed using tools/software such as CAD, 3D Max, and related technologies. The solution category led the total Building Information Modelling Market
in
2019, and this trend is projected to continue during the forecast period. This
is due to an increase in the AEC industry's adoption of building information
modeling technologies. Most of these firms have begun to use these solutions in
order to align all construction processes, such as procurement and data
management, in order to increase the overall productivity of building projects.
However, the Building Information
Modelling Market is
predicted to grow the most in the next years, as end-users increasingly embrace
services to assure the proper operation of BIM software and platforms.
Furthermore, the anticipated spike in demand for cloud-based building
information modeling services would present profitable opportunities.
The Building Information Modelling Market is likely to grow
throughout the forecast period due to rising global urbanization. As
populations and economies grow, so will the demand for enhanced infrastructure
for personal and commercial purposes, propelling the global construction sector
forward.
The global building information modeling market is
growing as improved data transfer and coordination among multiple stakeholders,
as well as increased construction productivity, provide BIM users with a
competitive advantage.
Competitive Environment
Autodesk Inc., Nemetschek AG, Beck Technology Ltd.,
GRAITEC, Dassault Systemes SA, AECOM, Synchro Software Ltd., Pentagon Solutions
Ltd, Tekla Corporation, and Bentley Systems Inc. are among the major players in
the worldwide building information modeling (BIM) industry.
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