by Brianna Crandall — November 18, 2015—According to a new research report from MarketsandMarkets now available from ReportLinker, the building information modeling (BIM) market is growing rapidly in many segments and applications, with some of the fast growing applications likely to be twice by 2020 in terms of market size. Newer applications and uses are continuously being devised for this technology, which will further propel the market in the coming five years.
The report explains that building information modeling is a process that involves the maintenance of digital data for communicating project decisions related to different issues such as designing, visualization, collaboration, and simulation of different applications. BIM objects are available in the market for executing the processes during construction. The data that is stored in building information modeling can be used for managing the entire life cycle of the project, with the use of integrated tools for a timely delivery.
Building information modeling is an approach to design, construction, and management of buildings. It supports the continuous and immediate availability of project design scope, schedule, and cost information that is reliable, integrated, fully coordinated, and of a high quality. It is not only used for the maintenance of three-dimensional (3D) data but also for 4D and 5D representations.
For 3D digital representations, there are some other technologies apart from building information modeling, such as AutoCAD, CAD, and others. 4D involves time management of the project for scheduling daily and monthly activities and thus, attracts a lot of customers toward the BIM process, notes the report. 5D involves a project’s cost management, which can also be handled within the BIM process.
The companies that are profiled in the report include: ArchiData Inc. (Canada), Asite Solutions Pvt. Ltd. (U.K.), Autodesk, Inc. (USA), Beck Technology Ltd. (USA), Bentley Systems, Inc. (USA), Dassault Systèmes S.A (France), Design Data (USA), Nemetschek AG (Germany), Solibri Inc. (New Zealand), and Trimble Navigation, Ltd. (USA).
Building Information Modeling Market by End User (Architect, contractor, owner), Type (Software, Services), Vertical (Commercial, Residential, Educational, Industrial, Healthcare) and Geography — Analysis and Forecast to 2015 – 2020 categorizes the global market based on the type, end user, application, and geography; it also estimates the market size and covers the emerging applications of the global building information modeling market.
For the report, the BIM market is classified into software and services, and end users are categorized into construction managers / general contractors, architects, engineers, owners, and others. Verticals are segmented into commercial, residential, educational, healthcare, entertainment, industrial, sports and other sectors, and the regions studied are divided into North America, Europe, Asia-Pacific (APAC) and the Rest of the World.
The report is available for purchase from either ReportLinker or MarketsandMarkets.
