DUBLIN--(BUSINESS WIRE)--The "Building Information Modeling Market - Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
According to the Institution of Civil Engineers (ICE), the global construction market will grow by 85% to reach $15.5 trillion by 2030 owing to the rapid developments in the U.S., India, and China.
Evolution in the project deliverance techniques and construction management marked the introduction of Virtual Design Concept (VDC) including virtual building information modeling, which outstandingly helped in forming mechanical, electrical, and plumbing (MEP) designs and blueprints for a building. Due to such aids and application it delivers, building information modeling market is progressing at a global CAGR of 10.88% during the forecast period 2020-2025.
Skyscrapers are accomplishing new height records, gigantic tunnels are paving way to new transportation networks, and titanic bridges are covering greater distances in an unprecedented form. Globally, gigantic engineering and infrastructure projects are paramount participant of modern industrialization and civilization. Some of the incredible utmost intricate projects are Gotthard Base Tunnel-Switzerland, Port Mann Bridge-Vancouver, Three Gorges Dam-China, Marmaray Tunnel-Turkey, and Shanghai Tower-China. Crafting such complex structure compels efficient and economical planning and vision, owing to such principles building information modeling market is shaping itself as an inevitable asset of the modern era construction sector.
BIM is a rational digital representation that gives architecture, engineering, and construction (AEC) specialists the vision and tools to more proficiently strategize, design, construct, and manage buildings and infrastructure. Due to deliverance of much needed data accuracy and precision, and a cloud based network supplementing exchange and interpretation of data, the global building information modelling market is flourishing, reflecting worth around $3,864.8 million as of 2018.
North America being the most technologically sound hemisphere with an existing advance construction management infrastructure compatible for BIM adoption is the dominant regional building information modeling market. The intense projects pertaining to public and private spaces in the U.S cities such as Chicago and New York has led the North America to grasp a substantial 38% of the global market demand. As per an online release on March 14, 2019, by Council on Tall Buildings and Urban Habitat, Chicago's City Council has approved multiple new projects that are determined to change the face of the skyline. A classic example is the One Chicago Square, a 76-story skyscraper that has managed to manage an influx of investment worth $850 million. This Goettsch Partners and Hartshorne Plunkard Architecture designed high-rise will comprise of 795 apartments and 75 condominiums, a grocery store and a fitness center. With approval of such complex projects worldwide, building information market is poised for exponential growth.
Key Topics Covered:
1. Building Information Modeling - Market Overview
2. Building Information Modeling Market - Executive Summary
3. Building Information Modeling Market - Market Landscape
3.1.Market Share Analysis
3.1.1.Comprehensive Market Share Analysis
3.2.2.Competitor Financial Analysis
4. Building Information Modeling Market- Market Forces
4.1.1.Rising public infrastructure & residential projects in the region
4.1.2.Increasing need of automated models at each phase of construction value chain
4.2.1.High Cost of Software & operation over multiple databases
4.3.1.Requirement of skilled labor for BIM analysis
4.4.Attractiveness of the Building Information Modeling Market Industry
5. Building Information Modeling Market- Strategic Analysis
5.1.Value Chain Analysis
5.4.Life Cycle Analysis
6. Building Information Modeling Market- By Type
7. Building Information Modeling Market- By Industry Vertical
7.8.Sports and Entertainment
8. Building Information Modeling Market- By End User Verticals
8.2.Construction Managers/ Contractors
9. Building Information Modeling Market- By Country
9.2. North America
10. Building Information Modeling Market Entropy
10.2. Most Dominant Strategy
10.3. Mergers, Agreements & Partnerships
10.4. Acquisitions and Others
11. Company Profiles
12. BIM - Market Insights By Industry Experts
13.5.Compilation of Experts
For more information about this report visit https://www.researchandmarkets.com/r/haguim.