The Future of Technology-driven Construction Industry
Building Information Modelling Market The Building Information Modelling (BIM) Market is estimated to be valued at US$ 9,908.7 million in 2023 and is expected to exhibit a CAGR of 19.1% over the forecast period 2023-2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Building Information Modelling (BIM) refers to the process of generating and managing digital information of physical and functional characteristics of any construction project. It helps architects, engineers, construction managers and owners to plan projects and structures with precision through its 3D modeling capabilities. Some key uses of BIM include visualization, coordination, clash detection, schedule development, cost estimation, fabrication and construction. Market Dynamics: The growth of the building information modelling market is primarily driven by the rising adoption of BIM in residential and commercial construction projects across the globe. B...