Global Building Information Modeling (BIM) Market research report provides an effective industry outlook, future trends and dynamics for market growth rate, market size and key players of the industry’s information with forecast. Furthermore, report includes a brief on marketing research methodology as well as opportunities offered by the market.
This research report identifies the competitive landscape of industries to understand the competition at global level. This report study describes the projected growth of the global Building Information Modeling (BIM) Market for approaching years from 2017 to 2021. This research report has been aggregated on the basis of static and dynamic aspects of the businesses.
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Building Information Modeling (BIM) Market is projected to grow from USD 4.9 billion in 2019 to USD 5.3 billion by 2021; it is expected to record a compound annual growth rate (CAGR) of 11.8%.
Building Information Modeling (BIM), is a digital representation of the construction project, which can be used by architects, engineers and other construction professionals. It helps in planning, designing, constructing, operating, and maintaining diverse physical infrastructure coupled with rapid data exchange between the entities involved.
The major players dominating the Building Information Modeling (BIM) market are Nemetschek, Autodesk, Inc., Bentley Systems Incorporation, Trimble Navigation Limited. The companies have been profiled in the report providing their business overview, financial overview and business strategies.
Global BIM market has increased over the years and is expected to grow significantly over the years 2017-2021. Global BIM market are expected to increase due to increased spending and investment in the construction industry and non-residential housing, increasing digitalization in the construction sector, growing IT investment in construction and increasing government adoption of BIM by several countries. However, the market faces several challenges, such as lack of regulatory certainty, lack of expertise in BIM and high cost, resistance to change on the part of the construction manager / contractor, and social barriers to interoperability problems.
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Building Information Modeling (BIM) Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Building Information Modeling (BIM) Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
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