The adoption of BIM is expected to have a positive impact on the construction industry and possibly the global BIM market due to some desirable benefits. These could be related to improved coordination and communication practiced throughout the asset lifecycle management process.
The global BIM market is also expected to gain ground due to mandates regarding the application of BIM imposed by governments in developed countries. Other factors that could raise the growth bar for the global BIM market include the benefits of increased productivity and optimized performance of the projects promised as a result of the adoption of BIM.
For the forecast period 2017-2025, industrial application is expected to grow at a telling rate in the global BIM market. The industrial sector could attract lucrative growth opportunities for the global BIM market due to the adoption of BIM enabling digital prototyping simulation and analysis which helps to shorten the construction period.
This allows construction projects to reduce risk and steadily improve productivity. BIM software that pampers construction projects with the benefits of design modeling and meeting their demand for cost-effective processes is expected to set the tone for powerful growth around the world. BIM market.
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Global Building Information Modeling Market: Market Potential
Facebook, Inc.’s gigantic US $ 1.0 billion data center is expected to implement the technological fusion of BIM software and real-time drone photos into a 3D collage by DPR Construction.
This is being considered to add value to the construction process, according to the construction company’s head of technology integration. The company will employ licensed pilots to fly drones to calculate dirt levels and other advancements in the construction process.
Drone technology will also be used to build the second phase of the campus.
Global Building Information Modeling Market: Regional Outlook
During the forecast period, the leading share of the international BIM market is expected to be acquired by North America. The key factors driving the boom in the BIM market in North America could be the growing awareness of the benefits of BIM among contractors and builders and steadfast residential and commercial constructions.
Industrial, civil infrastructure and construction applications in the international BIM market could show their dominance while helping Europe take a larger share after North America.
The high cost of BIM software and tools increasing the overall cost of projects could shatter the demand of the international BIM market. However, participants are expected to profit against all odds in the international BIM market through strategic partnerships and a strong distribution network.
Autodesk, Inc., a US-based company, is a leading provider of software solutions to the international BIM market serving the real estate, industrial, construction management and architectural industries.
Global Building Information Modeling Market: Competitive Landscape
Besides strategic collaborations, companies operating in the global BIM market should focus on the development of advanced technologies such as next generation platforms and continued expansion into emerging regions. Recently, Autodesk, Inc. partnered with Qatar Rail, Tata Consulting Engineers Ltd. and NASA Ames Research Center and seeks to advance while building on technological advancements in 3D modeling.
Some of the leading companies in the global BIM market are Asite Ltd., Bentley System, Inc., Trimble Navigation Limited, and Nemetschek SE.
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This study provides a particularized anatomy according to the LEAP mechanism
- Lthe highest trends and cardinal growth prospects
- EExisting and future prospects for growth
- Atechnology divisions
- Pain points
The regional analysis offers market analyzes on:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The study, prepared through the JUMP The mechanism adds a dimension of infallibility and provides precise information on the entire growth dynamic.
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Category: Market Research Publishers and Retailers Profile: TMR Research is a leading provider of personalized market research and advisory services to business entities seeking to succeed in today’s turbulent economic climate. Armed with a team of experienced, dedicated and dynamic analysts, we are redefining the way our clients do business by providing them with authoritative and reliable research studies, in tune with the latest methodologies and market trends.