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(I-SoftwareNews.Com, September 30, 2016 ) BIM refers to the development and use of computer-generated n-dimensional (n-D) models to simulate planning, design, construction, and operation of a facility. It is the next generation process in the construction industry, useful for designing buildings and managing the project data for crucial decisions to be taken. Building information modeling helps reduce costs, save time, and improve the speed of the process. BIM is emerging in developed and developing countries with a relatively lower turnaround time in developing countries as the building information modeling software are expensive. Building information modeling in this report has been defined as the process which is implemented with different types of software and services available for various end users such as construction managers/general contractors, architects, owners, engineers, and others for construction activities across different fields such as commercial, residential, educational, healthcare, entertainment, sports, and so on.
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Building information modeling is used in the construction industry for designing and managing projects throughout their life cycle. The overall value chain of the building information modeling market is closely interlinked with the traditional construction processes’ value chain and has been expanding rapidly and shaping into a strong, well-connected chain over the past few years. Several new product developments and software models have come up owing to the application of building information modeling in various vertical.
This report segments the building information modeling market on the basis of type (software, services), end user (construction managers/general contractors, architects, owners, engineers, and others) and vertical (commercial, residential, educational, healthcare, industrial, entertainment, sports and others). Further, it contains market size projections, and analyses of trends in the market. The geographic analysis contains an in-depth market analysis for the Americas, Europe, and APAC along with their major countries. The Middle-East and Africa have been classified under RoW. Each of these regions has been further split into major countries to analyse the regional market.
This report describes drivers, restraints, opportunities, and challenges for the growth of the building information modeling market. Factors which are driving the market include government mandates for the usage of building information modeling in various developed countries and the need for enhanced communication and coordination throughout asset lifecycle management process. The restraining factors affecting the market include long training periods required for employees which can decrease the overall productivity. Increasing building information modeling usage in the architecture, engineering, and construction (AEC) industry, is a key growth opportunity for this market.
The building information modeling market is led by the construction in the commercial sector such as retail and office buildings. High electricity usage in commercial buildings and the rise in energy costs have been driving the usage of building information modeling in construction for efficient power and improved electrical system design for reducing costs, decreasing wastage, and in the overall retrofit improvements.
Some of the companies involved in the market include ArchiData Inc. (Canada), Asite Solutions Pvt. Ltd. (U.K.), Autodesk, Inc. (U.S.), Beck Technology Ltd. (U.S.), Bentley Systems, Inc. (U.S.), Dassault Systèmes S.A (France), Nemetschek AG (Germany), Design Data. (U.S.), Solibri Inc. (New Zealand) and Trimble Navigation, Ltd. (U.S.).
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