London, 24 September 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Building Information Modeling (BIM) Market 2014-2018, which is expected to grow rapidly during the period 2013-2018, posting a CAGR of 17.4 percent.
BIM is a software solution that enables the creation of vector-based representation in 3D formats for construction projects such as buildings, railways, and roads among others. BIM not only presents a digital representation of physical characteristics, but also captures the necessary data during the construction phase.
“BIM-enabled mobile apps provide real-time access to project data, thereby enabling access to project files from anywhere and at any time,” says Faisal Ghaus, Vice President of TechNavio.
“One of the key benefits of these applications is the easy navigation of the site throughout the building construction life cycle.”
Key Market Drivers
- Improvement in Quality Control and Productivity
- Reduction of Cost and Wastage
- Ability to Track and Maintain Information
- Support for BIM Applications
Key Market Trends
- Cloud-based BIM software
- Mobile Apps for BIM
- Increased Adoption of BIM Software in Developing Countries
Key Market Vendors
- Autodesk Inc.
- Bentley Motors Ltd.
- Nemetschek AG
- Trimble Navigation Ltd.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
