Published on : Dec 05, 2016
ALBANY, NY, Dec 05, 2016: The study focuses on the growth trajectory and prevalent trends of the global building information modeling software market. The dynamics that are likely to impact the growth of the market negatively or positively and the key elements at play have also been highlighted in the publication. The market shares, key strategies, and products of the leading companies have also been mentioned in the report. The different segments of the global building information modeling software market have also been evaluated thoroughly in the market research report.
According to the report, the global building information modeling software market is expected to expand at a promising 17.04% CAGR from 2016 to 2020. The primary factor driving the growth of the global building information modeling software market is the support from governments across the world and mandates to employ these solutions in building and construction projects. Governments of countries such as Singapore, the U.K., and the U.S. are taking initiatives to promote the deployment of building information modeling software in newly built structures as well as old constructions as it helps in minimizing the time taken for executing construction projects and lowers the chances of errors.
For constructing roads, railway lines, and buildings, the building information modeling software is used as they create a vector based 3D replica of the building plans. This software not only captures the required data of the construction phase but also presents a digital outlook of the physical characteristics of the site. The deployment of the building information modeling software enhances productivity, decreases paperwork dependence, and reduces rework. The software is also programmed and designed in such a way that it has the ability to auto update the design and data changes in the construction project.
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It has been projected that the growth of the global building information modeling software market will gain momentum owing to the introduction of three dimensional laser scanning technique in BIM. With the advent of 3D scanning, engineers will be able to capture the accurate details and dimensions during the construction process.
In terms of geography, the global building information modeling software market is categorized into Europe, the Middle East and Africa, Asia Pacific, and the Americas. Amidst these, the Americas emerged dominant in 2015 and is projected to witness significant growth until 2020. The growth of the market in this region can be attributed to the rising deployment of BIM software in the new constructions. The leading companies in the market are focusing on providing engaging and innovative software and services to consumers. A few of the key players are Trimble, NEMETSCHEK, Hexagon, Bentley Systems, AVEVA, and Autodesk.
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