US: Market research firm Big market research has released a new study on global BIM software market according to which, the market is expected to grow at a compound annual growth rate of 17.04% from 2016-2020.
The report covers the present scenario and the growth prospects of the global BIM software market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of BIM software worldwide. Market to Grow at a CAGR of 17.04% During the Period 2016-2020.
Research study says global BIM software market to grow at a CAGR of 17.04% during the period 2016-2020
Recent research added report on “Worldwide Building Information Modeling Software Market Overview, Analysis, Demand, Report, Trends, Growth and Research – Global Building Information Modeling Software Market 2016-2020”
Factors, such as government mandates and support to use BIM solutions in construction projects, are driving the growth of the global BIM market. Governments in countries such as the US, the UK, and Singapore are promoting the use of BIM in construction as it helps to minimize errors and time taken for the execution of the construction projects.
BIM software enables the creation of a vector-based representation of building plans in 3D formats for construction projects of 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.
The market is divided into the following segments based on geography:
Global BIM Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.