Global Building Information Modelling (BIM) Market 2015-2019
BIM is a software solution that enables the creation of vector-based representation in 3D formats for construction projects such as buildings, railways, and roads among others. Governments in countries such as the US, the UK, and Singapore are encouraging and promoting the awareness and use of BIM in the construction sector. The implementation of BIM software helps in minimizing errors and saving time during the execution of construction projects.
In 2014, the global BIM market generated a major share of its revenue from EMEA, followed by the Americas and APAC.
Technavio's analysts forecast the global BIM market to grow at a CAGR of 16.73% over the period 2014-2019.
Covered in this report
The report includes the present scenario and the growth prospects of the global BIM market for 2015-2019. The market can be segmented into three divisions: BIM software, BIM training services, and project management.
Technavio's report, Global BIM Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Building Information Modelling Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Building Information Modelling Market: Autodesk, Aveva, Bentley, Intergraph, Nemetschek and Trimble
Other Prominent Vendors in the market are: 4M, Cadsoft, CYPE Ingenieros, Dassault Systèmes, Data Design System, Gehry Technologies, Graitec, HSS Group, Integrated Environmental Solutions, Newforma, Pinnacle, Solibri and Tekla
Commenting on the report, an analyst from Technavio’s team said: “One of the major trends is the emergence of cloud-based BIM technology. Such new technologies are gaining importance in the construction sector because cloud-based BIM reduces IT expenses, stores data safely, and speeds up the visualization process.”
According to the report, implementation of BIM reduces project risk as it contains all project details necessary to build the structure.
Further, the report states that as the training costs of this software is high, it deters several companies from investing in BIM.
Autodesk, Aveva, Bentley, Intergraph, Nemetschek, Trimble, 4M, Cadsoft, CYPE Ingenieros, Dassault Systèmes, Data Design System, Gehry Technologies, Graitec, HSS Group, Integrated Environmental Solutions, Newforma, Pinnacle, Solibri,Tekla
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