Global Building Information Modeling Market | Analysis, Size

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Prominent Trends shaping the Building Information
Modeling Market
Building information modeling (BIM), as an idea,
was proposed in the 1970s to enhance the
efficiency of information management. It is a
digital representation of a facility's functional
and physical characteristics, enabling a shared
knowledge resource of information and forming a
decisive base during its life cycle, from
conception to demolition. At its core, BIM
enables collaboration. As a result, the enhanced
productivity offered by BIM through
interoperability is one of the key growth drivers
of the global building information modeling
market, set to project a CAGR of 13.60 during
2022-2030.
As per Inkwood Research, some of the prominent
trends shaping the global building information
modeling market growth trajectory include 3D
Printing 3D printing, also known as layered
production of 3D objects or additive
manufacturing, is an important extension of the
3D modeling process in building information
modeling (BIM). The advancements in 3D printing
have enabled professionals to create precise
elements associated with building design in a
shorter duration with minimal material loss.
Accordingly, when integrated with the BIM
process, 3D printing can aid in the fast-paced
development of prototypes for sharing with
several stakeholders. Besides, the integration of
BIM and 3D printing is considered effective for
structure isolation, cost reduction, better
design, and energy efficiency. In addition, this
effective integration, facilitated by
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the advantages offered by information technology,
is evaluated as a novel method for adapting to
future developments in the construction
industry. For implementing BIM data into a 3D
printer, BIM data must be converted into a 3D
printer data code to register the industrialized
production process of prefabricated buildings.
Once all the structural elements first simulated
and specified in a digital 3D model are approved,
the data is transferred directly to the 3D
printer. This helps minimize the number of steps
in the construction process. Therefore, the
growing need to streamline the project lifecycle
phases drives the integration of BIM and 3D
printing. Our analysis of the global building
information modeling market by project lifecycle
includes operations, construction, and
preconstruction. Cloud-Based BIM Building
information modeling (BIM) 's widespread
penetration into project management and
construction is attributed to its convenient
visualization, strong consistency, and high
information intensity. Accordingly, the growing
involvement of the contractors, architects, and
owners in the total project cycle makes it
necessary for parties to share information
quickly. A cloud-based repository is thus needed,
which will facilitate frequent information
exchanges among the stakeholders, thereby adding
more value and depth to the data. The most
appealing and sought-after strength of the cloud
is the flexibility it offers in terms of time and
location. The project files can be updated and
accessed remotely. Moreover, the advancements in
cloud computing technology have democratized
access to techniques, tools, and knowledge,
facilitating a robust collaborative
environment. Similarly, Microsoft Azure offers
sufficient computing power for a BIM cloud
workspace setup. Additionally, Autodesk's BIM 360
enables project stakeholders, engineers, and
architects to work in a centralized cloud
workspace. As a result, cloud-based BIM enables
access to information about a project regardless
of location or time. It also facilitates quick
identification of clashes, real-time updates and
changes, and simultaneous working. Therefore, the
end result is a more efficient operation,
construction, and design process. Inkwood
Research's assessment of the global building
information modeling market by deployment
includes cloud and on-premise.
Will AR VR shape the future of BIM? Virtual
reality (VR) creates an imaginary environment,
while augmented reality (AR) superimposes digital
information in place of the existing environment.
Currently, these visualization techniques have
lesser applications in the Architecture,
Engineering, and Construction (AEC) sector than
in the gaming, military, medical operations, and
manufacturing sectors. Nevertheless, these
techniques are gaining momentum in every phase of
the life cycle of buildings and
infrastructure. The use of VR in Virtual Design
and Construction (VDC) processes allows digital
navigation of the digital BIM model for remote
users. Also, it contributes to the efficient and
productive planning of a project and safety
training. The growing migrant worker population
has made it necessary to
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introduce visual-based safety training on
construction sites for training and make them
aware of project surroundings. Moreover, stats
show VR-trained labor identified risks better
than traditionally-trained labor. Whereas
augmented reality (AR) minimizes the cost and
time and simplifies certain construction
activities. Also, the BIM and AR integration
facilitates precast elements' placing,
positioning, excavation, and layout marking. In
addition, AR headsets eliminate the requirement
of on-site access to digital or paper drawings
and specifications. As a result, inspections
become less expensive, safer, faster, and
easier. Such modern technologies and trends are
defining the global building information modeling
market growth.
FAQs Which are the key players in the
global building information modeling market? A
Trimble, Autodesk, Bentley Systems, and
Nemetschek are among the key players in the
global building information modeling market.
Which is the dominating region in the global
building information modeling market? A North
America is the dominating region in the global
building information modeling market.
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