Building Information Modeling (BIM) Market Set to Take a Quantum Leap Forward

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Building Information Modeling
Building Information Modeling

Allied Market Research published a report on the global Building Information Modeling (BIM) market. According to the expert analysis carried out by Allied Market Research, the global BIM market is expected to garner $11.7 million by 2022. It is anticipated to grow at a compound annual growth rate of 21.6% in the forecast period 2015–2022. The report is a comprehensive overview of the market, the factors that increase or limit the growth of the market, and the major opportunities that the market has to offer. It focuses on the various market segments and the segment-specific market trends, competitive scenario, and the market size and forecast. The report has profiled the key players in the market and the winning strategies adopted by them.

The enhanced productivity that is obtained through interoperability is the main driving factor of the global building information modeling market. BIM enables enhanced data communication between the stakeholders. The tremendous growth in the construction industry has fuelled the growth of the BIM market. Lack of skilled professionals in the BIM industry coupled with the high cost of the software act as major obstacles to the growth of the market.

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The BIM market is segmented based on the deployment type, solution type, business vertical, and by geography. The segment based on business verticals includes commercial, residential, infrastructure, institutional, and industrial applications.

Latest Technological Advancements in the BIM market

BIMobject, world’s leading BIM object platform, announced that BIMobject Cloud recently reached the milestone of 500,000 professional users. The product has more than 94 million views and the number of downloads has exceeded the 13 million mark.BIMobject Cloud gives access to the designers, architects, construction professionals, and engineers to high-quality BIM objects straight from the manufacturers. The BIMobject Cloud is home to over 39,000 product families that come from more than 990 leading brands all across the globe.

As technology advances, innovators are now combining the Business Information Modeling (BIM) software with other advanced technologies such as Virtual Reality. As a part of the £100 million project, backed by the government, 3D Repo aims at simulating a route for a driverless vehicle which is a part of the Smart Mobility Living Lab. With the collaboration of BIM and Virtual Reality headsets in 3D Repo’s cloud-based software, visitors can take a feel of the local transport environment sitting right in the 11th-floor office. The testing of CAV mobility services, vehicle and control center infrastructure is made possible with the implementation of this project. The project facilitates the testing of every technology under the sun, right from automotive technologies to the new entrants in the market.

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CADsoft Consulting Inc. is a name to be reckoned with when it comes to technologies that implement design and construction methods. CADsoft has been successful in providing construction and management tools to the clients over the last three years. Being one of the three advisors of BIM360 Autodesk, CADsoft earned the new Construction Specialization.

BIM is gradually shifting to BIM level 3 after the compliance of BIM level 2. In BIM level 2, all the factions use their own 3D CAD models but do not necessarily work on the same, shared model. BIM Level 3 requires everyone to work on same, single project model with complete collaboration between all the disciplines.

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