Government Mandates propel Global Building Information Modeling Market Demands

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Government Mandates propel Global Building
Information Modeling Market Demands
As per Inkwood Research, the Global Building
Information Modeling Market is set to project a
CAGR of 13.60 during the forecast period of
2022-2030. Browse 56 Market Data Tables and 49
Figures spread over 183 Pages, along with an
in-depth TOC on the Global Building Information
Modeling Market Forecast 2022-2030. VIEW TABLE
OF CONTENT LINK - https//inkwoodresearch.com/repo
rts/building-information- modeling-market/table-o
f-contents Building Information Modeling (BIM)
enables the creation of a precise geometric
virtual model with all the structures and
components involved in the building. It is
projected to be one of the most widely used tools
in the Architecture, Engineering and Construction
(AEC) Industry. This is attributed to its
significant advantages over CAD systems and
paper-based design modeling.
REQUEST FREE SAMPLE LINK - https//inkwoodresearch
.com/reports/building-information-
modeling-market/request-free-sample Government
Mandates For BIM Use drive Market Growth One of
the key growth drivers of the global information
modeling market is government regulation in major
markets like the United States, the United
Kingdom, and Singapore. For instance, the UK
government has been working toward mandating the
use of Level 25 BIM in publicly-funded
construction sites. In addition, the government
has formed a BIM task group to assist supply-chain
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contractors and government agencies in ensuring a
smooth transition to BIM. With this, the UK
government aims to minimize capital costs and
wastage of resources during construction. Whereas
in the United States, the US General Services
Administration advocates the use of BIM as part
of its 3D-4D-BIM program. In addition, the
increasing BIM penetration in the US market is
attributed to the rising awareness among
construction companies. Therefore, with
governments advocating the use of BIM for
improved management and quality, the adoption
rate of the technology has projected high growth
rates. Moreover, private and public companies are
looking to institutionalize the benefits of BIM
by obligating the use of centralized software
tools across their supply chain. Such factors
drive the global information modeling market
growth. Software is the Dominating Type BIM
solutions are provided to the users in the form
of a software. Accordingly, the consumption of
the solution is high. Also, BIM solutions have
different solutions to cater to the different
operations in the AEC industry, including
facilities management, construction,
sustainability analysis, and architectural
design. In addition, market players are offering
several kinds of software solutions to meet the
requirement of the users in the industry and
supplement their operations. Moreover,
technological advancements have enabled the
integration of more features in BIM. North
America to garner the Largest Market Share The
increasing awareness and government mandates
regarding the use of BIM are the key factors
propelling the analyzed markets growth in the
region. Also, factors like the emergence of new
business models and technological advancements
further contribute to market growth. In addition,
companies are adopting BIM, given the fast-paced
developments in business practices and the
continual demand for enhanced performance among
stakeholders. Furthermore, the economic prospects
of the region offer growth opportunities. The
market rivalry is attributed to the leading
market players with diverse product offerings.
Some of the key firms in the market include
Trimble, Autodesk, Nemetschek, Bentley Systems,
etc. Request for Customization
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