building information modelling (BIM) is a process involving the generation and management of digital representations of physical and functional characteristics of places. BIM is impacting the design, construction and operation of buildings and infrastructure assets. It helps in coordinating and integrating information in a shared digital format which supports decision-making and enables teams to work collaboratively. It helps in visualization of structures before construction, which facilitates error detection and resolution. The construction industry is rapidly adopting BIM as it offers benefits like reduced rework, lower costs, quick decision making, improved project handover and facility management.
The Global Building Information Modelling Market is estimated to be valued at US$ 9,908.7 Mn in 2024 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the Building information modelling market are Autodesk Inc., Nemetschek AG, Beck Technology Ltd., GRAITEC, Dassault Systemes SA, AECOM, Synchro Software Ltd., Pentagon Solutions Ltd, Tekla Corporation, and Bentley Systems Inc. Autodesk Inc. is one of the leading players in the market, offering a comprehensive portfolio of BIM software and services. The demand for BIM solutions is growing owing to increasing construction and infrastructure projects globally. Government support and mandates regarding use of BIM are also driving adoption. Countries are focusing more on smart cities and green buildings, further propelling the BIM market. Technological advancements are allowing integration of BIM with technologies like Internet of Things, artificial intelligence, virtual reality and cloud computing. Integration of these technologies is making BIM more efficient and collaborative. It is helping architects, engineers and contractors gain real-time insights and track project performance. Market Trends Integrated project delivery is emerging as a key trend, where owners, designers, contractors and fabricators work together in integrated virtual environment using BIM. This is improving collaboration, coordination and reducing project delays. Growth of infrastructure projects is also driving interest in BIM for process like digital twin creation during operations and maintenance phase. Market Opportunities Rise of smart cities and sustainable buildings presents growth opportunity for BIM players. Adoption in mechanical, electrical and plumbing design, cost estimation and facility management also offers scope for market expansion. Further integration of BIM with technologies like AI and IoT can enhance its utility and create more opportunities. Growing construction activities in Asia Pacific and Middle East Africa are creating demand for BIM solutions. Impact of COVID-19 on Building Information Modelling Market The COVID-19 pandemic has significantly impacted the growth of the global Building Information Modelling market. The construction industry was one of the worst hit sectors due to nationwide lockdowns imposed across countries. This resulted in suspension of construction activities and shortage of workforce which negatively impacted the demand for BIM services and solutions. Projects were halted or delayed leading to lower demand from AEC and infrastructure sectors in 2020. However, the use of BIM for remote collaboration increased as construction firms adopted digital tools to ensure business continuity. Post COVID, the market is expected to recover steadily driven by resumption of construction projects and increased adoption of BIM for 3D visualisation, remote project management and cost estimation. Yet supply chain disruptions and labour shortage continue to pose challenges. It is important for BIM solution providers to focus on cloud-based offerings, mobile applications and remote collaboration tools to address challenges of the new normal. Geographical Regions with Highest Value Concentration for Building Information Modelling Market In terms of value, the Building Information Modelling market is highly concentrated in countries such as United States, China, Germany, United Kingdom and Japan. The US accounted for the largest share of over 30% of the global BIM market value in 2024, owing to strong growth in infrastructure and commercial construction sectors and increased adoption by AEC giants. China followed closely due to government initiatives promoting BIM adoption in infrastructure projects related to 'One Belt One Road' initiative. The UK construction industry has embraced BIM owing to government mandates for public projects. Germany and Japan are also major building information modelling adopters driven by automotive, manufacturing and infrastructure construction. Fastest Growing Region for Building Information Modelling Market Asia Pacific is poised to be the fastest growing region for the global Building Information Modelling market during the forecast period of 2023-2030. The growth can be attributed to economic development, infrastructural investments, urbanisation and supportive government policies in major APAC countries such as India, Indonesia and Vietnam. India is expected to offer significant opportunities with government programs focused on housing, rail, road and smart city construction. Additionally, growing construction industry, adoption of advanced technologies and increased foreign investments in construction projects will drive the demand for BIM solutions across APAC. Countries like Malaysia, Philippines and Thailand will also significantly contribute to the regional market growth.
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The report shed light on drivers and limiting factors of the BIM market that can equip business people to take better decisions.
Meanwhile, the high rate of deployment of BIM across the transportation sector to upgrade road and railways infrastructure and services can prompt the building information modelling market rise in the near future.
Smart technologies, such as BMI can simplifying building and construction procedures, plus the ongoing cloud-based management and 3D laser trends can improve the impetus of the BMI market.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2044Segmental OutlineThe segment study of the world BIM market is based on end-user, industry, product, and project lifecycle.The product segments of the BIM market are BIM Project Management, BIM Software, and BIM Training services.
The BIM software segment can earn an annual revenue of above USD 1300 Mn by 2023.
Developer investors are putting high amount for effective innovations that can add a competitive advantages to its end users.The project lifecycle segments of the building information modelling are construction, operation, and pre-construction.
The end user segments of the building information modelling market are architects, government, and engineers.
The global Biosensors Market is anticipated to reach 21.2 billion by 2020 owing to the rise in technological developments in all the sectors of the biosensors industry.
The biosensors include three components namely the bio elements, biological recognition unit and the transducers.
The biological recognition unit deals with the given biological responses, bio-elements that establishes enzymes, antibiotics, living tissues and transducers.
The biosensors are indispensable devices that features quick detention ability, easy usage, low cost and have portable solutions.
The rising prevalence of lifestyle-induced and chronic diseases are demanding the point-of-care testing (POCT), rise in the geriatric population and biosensors for nanotechnology is expected to fuel up the growth of biosensors industry.The increasing popularity of medical equipment, personalized medications and wider acceptability of user-friendly Biosensors are expected to grow the biosensors market.
Additionally, the adoption speed of these regulatory requirements to advanced technologies is slower due to which the global market is expecting hindrances.Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/biosensors-market/request-sample Furthermore, the present lifestyle disorders and the prevalent chronic diseases are stimulating the consumers to adopt the biosensors for early detection of unhealthy viruses in the body.
