Building Information Modeling in the Global Construction Industry 2012: Implementation and Market Trends, Profitability and Budget Forecasts in the Global Construction Industry

Synopsis

• The report is based on primary surveys conducted by World Market Intelligence accessing its B2B panels comprised of senior business decision makers. The opinions and forward looking statements of 182 industry executives are captured in our in-depth survey, of which 27% represent directors, C-level executives and departmental heads.
• The geographical scope of the research is global - drawing on the activity and expectations of leading industry players across the Americas, Europe, Asia-Pacific, Africa and Middle East.
• The report analyzes expenditure of construction industry buyers on BIM applications, procurement practices and critical factors that influence the selection of BIM applications.
• Key topics covered include category-level spending outlooks, market-specific growth opportunities, investment opportunities and principal challenges associated with the implementation of BIM applications.
• The report provides qualitative analysis of key industry opportunities and threats and also contains the full survey results.

Summary

Building Information Modeling in the Global Construction Industry 2012: Implementation and Market Trends, Profitability and Budget Forecasts in the Global Construction Industry is a new report by World Market Intelligence that analyzes how companies in the construction industry perceive Business Information Modeling (BIM). This report examines the initiatives surrounding BIM in the industry and explores its impact on profits and cost saving targets set by companies. It also analyzes key markets for growth; critical factors for choosing BIM, benefits and effect on ROI. The report identifies key drivers and chief barriers in the implementation of BIM. It also analyzes category-level spending outlooks; changes in BIM procurement budgets; BIM applications selection criteria and investment opportunities available for leading purchase decision makers.

Scope

The report features the opinions of construction industry respondents related to the following:

• BIM and its importance to the industry
• Factors that drive BIM implementation
• Barriers that confront effective implementation of BIM applications
• Impact on project life cycle and overall profitability
• Metrics used to measure the effectiveness of BIM applications
• Major BIM vendors and software available in the industry
• Perceived value of BIM for various stakeholders in the industry
• Demand for BIM applications including markets that will drive growth
• Changes expected in BIM budgets and cost saving targets

Reasons To Buy

• Provides insight on critical features considered when selecting a BIM application and specific supported software and hardware.
• Provides insight on how BIM will impact the project lifecycle.
• Uncover potential benefits and implications on stakeholder value so as to derive maximum benefit.
• Formulate effective sales and marketing strategies by identifying buyer BIM budgets and areas of investment.
• Better promotes business by aligning capabilities and business practices with the changing technological needs of customers.
• Helps in understanding how the implementation of BIM will impact profitability and ROI.
• Secure stronger customer relationships by understanding the leading business concerns and changing strategies of buyers.

Key Highlights

• Cost savings and operational efficiency, improved visualization and design quality, and client demand are cited as major drivers for the adoption of BIM in the construction industry.
• Survey results show that 40% of contractors and project developers expect to see an increase in profitability over the next 12 months due to the use of BIM applications.
• The UK, the US, and markets in the Middle East region are identified to be the top three markets that will provide the highest growth opportunities for BIM application-related software products and services.