Rohtak News Magazine

North America to account for the largest share of the building information modeling market by 2025

 Breaking News
  • No posts were found

North America to account for the largest share of the building information modeling market by 2025

June 29
12:48 2020

According to MarketsandMarkets, the global building information modeling (BIM) market size is projected to grow from USD 4.5 billion in 2020 to USD 8.8 billion by 2024, at a CAGR of 14.5%. Major factors driving the growth of the building information modeling (BIM)  industry extensive benefits offered by BIM for AEC industry  and strong governemnt support by making BIM adoption mandatory.  

 

Software type is expected to account for the largest share of the building information modeling (BIM) market between 2020 and 2025. The software type is dominated mainly by architectural design software. BIM allows architects to create digital design simulations to manage all the information associated with an architectural project. It further supports architects throughout the design process to gain more insights to optimize designs for clients. The architectural design can be delivered with improved quality and efficiency.