The article cited AMA's Global Building Information Modelling Market Study explored substantial growth with CAGR of 15.91%. According the report, Government Mandates for the Usage of BIM in Developed Countries is one of the primary growth factors for the market. Optimized Project Performance and Increased Productivity
is also expected to contribute significantly to the Building Information Modelling market. Overall, Architecture
applications of Building Information Modelling, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Autodesk Inc. (United States), Nemetschek SE (Germany), Trimble Navigation Limited (United States), Bentley System, Inc. (United States), Asite Ltd. (United Kingdom), AVEVA (United States), RIB Software AG (Germany), Dassault Systèmes (France), Archidata Inc. (Canada) and Intergraph Corporation (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The Project Lifecycle, such as Pre-Construction, is boosting the Building Information Modelling market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Industry Verticals, such as Buildings, is boosting the Building Information Modelling market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Building Information Modelling market identified that the demand is rising in many different parts of the world as "Growing Demand for Green Buildings
". Furthermore, some recent industry insights like ""The US General Services Administration (GSA) formulated the National 3D-4D-BIM Program way back in 2003. This program established policy mandating BIM adoption for all Public Buildings Service projects. GSA also actively partners with BIM vendors, federal agencies, professional associations, open standard organizations, and academic/research institutions to develop a community of BIM leaders within GSA."" is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of information and awareness about BIM"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Building Information Modelling market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Building Information Modelling market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Building Information Modelling market tight? Which application/end-user category or Product Type [Software and Services] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Building Information Modelling market and other related sub-markets covered in the study.
o Key & emerging players in the Building Information Modelling market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Building Information Modelling market size is calculated using market estimation process, the Building Information Modelling market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Building Information Modelling market size has been validated using both top-down and bottom-up approaches.