Building Information Modelling Market, By Type of Solution (Software (Cloud-based software, On-premise software), Consultancy Services), By End User (Engineer, Architect, Contractor, Developer), By End-use Industry (Water and Wastewater Management, Rail Transit and Aviation, Bridges, Roads, and Highways, Energy Generation Facilities, Houses and Apartments, Educational Institutes and Commercial Spaces, Government Buildings, Factories and Warehouses, Dams and Others) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028
Building information modeling is basically a method supported by different technologies, tools and contracts involving the creation and management of digital models of physical and logical attributes of locations. The concept has its roots in disciplines such as geography, engineering, physics, computer science and software engineering. There are a variety of modeling techniques used for building properties, such as geometry, hydrology and thermodynamics, among others. These models can be analyzed with varying projections and calculations. In this way, the physical features of the location can be accurately represented to yield accurate predictions about climate, demographics, business prospects, and more. This method can also be used for predicting the location in the future, for example, for the purpose of building infrastructure.
Market Dynamics:
Increasing adoption of analytics in architecture, engineering and construction is expected to propel growth of the global building information modeling (BIM) market over the forecast period. For instance, in October 2021, Accelerating Digital Transformation Through BIM SmartMarket Report, a new study conducted by Dodge Data & Analytics, in partnership with Autodesk, demonstrated that building information modeling (BIM) is playing a major role in promoting adoption of analytics in architecture, engineering and construction.
Major players operating in the global building information modeling (BIM) market are focused on adopting partnership strategies to enhance their market share. For instance, in October 2021, Cooper Lighting Solutions, a manufacturer of indoor and outdoor lighting, partnered with BIMsmith to provide a new suite of Building Information Modeling (BIM) resources to the architecture and design community.
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