Market Trends of Building Information Modeling Industry
This section covers the major market trends shaping the Building Information Modeling Market according to our research experts:
Governmental Mandates Promoting the Usage of BIM in Key International Markets to Witness High Growth
- BIM is projected to be valuable in developing sustainable buildings and correlated systems. As the sustainable design is evolving to be a standard requirement and not an exception, BIM's ability to capture and handle large amounts of data related to the built environment is predicted to prove to be an invaluable tool for the construction sector.
- As nations around the globe struggle to address the escalating climate problem, sustainability or the green mandate. Copenhagen made the ambitious promise to achieve carbon neutrality by 2025, which is particularly challenging for a capital city.
- Additionally, governments in the US, UK, and Singapore are encouraging the use of BIM in construction because it reduces errors and the amount of time it takes to complete projects by allowing the creation of vector-like representations of building plans in 3-D formats for structures like buildings, railways, and roads.
- Moreover, in July this year, the German government also recently opened the German Center for Digitization of the Construction Industry, which will promote, like the BIM4INFRA2020 Project, BIM standardization, to develop skills training and offer consultation and support for BIM projects, as well as creating a vision for the future digitalization of the German construction sector.
- Moreover, the global development of smart cities and smart offices is the main application area for BIM software. Indirectly increasing the reliance on BIM software for greater operational effectiveness, the deployment of smart cities and smart offices is gaining speed as each region gets ready for the future.
- As a result of numerous countries mandating and moving toward BIM constructions across their regions, ongoing technological advancements, such as the development of advanced 4D building information management (BIM) software, are anticipated to create opportunities for market players operating in the global architectural services market.
Understand The Key Trends Shaping This Market
Download Sample
North America to Witness Significant Growth
- Companies focusing on the newest technology advancements within the market are anticipated to benefit significantly from the Key Market Characteristics, such as a fast-growing urban population and increasing government investment across the region.
- During the past few years, BIM developed into an essential tool in the US engineering and architecture sectors. It is the outcome of rising private investment in building projects and US government efforts to encourage infrastructure spending. Intelligent 3D model-based processes connected with spatial information sciences are needed by businesses specializing in building information models (BIM).
- As it moves to 3D modeling, the GIS industry is rapidly disrupted. The development, which shows the growth of GIS and BIM integration into a single holistic environment, represents the change the design and construction industry is undergoing as it transitions from 2D to 3D BIM.
- Significant BIM vendors are located in this area and regularly integrate BIM with other trends like geospatial information systems. To make ordering, manufacturing, tracking, and delivery of materials more effortless, the California-based company Katerra has developed an integrated platform that directly connects BIM tools and computational design to its ERP global supply chain infrastructure.
- General contractors have been recognized to extend their use of BIM beyond preconstruction model clash detection with frequent software updates. Additionally, general contractors have begun utilizing the model to coordinate, add construction layout points, use a total robotic station, and bring accuracy to the field.
Get Analysis on Important Geographic Markets
Download Sample
