BIM Investments Drive Market

Contractors’ increased investment in BIM (building information modeling) is just one of the drivers behind an anticipated growth in the marketplace throughout the next several years.

The global BIM market has increased throughout the years and is expected to grow significantly during the years 2016-2020, according to a report published by Research and Markets.

There are several reasons for the market growth, including increasing digitization in the construction sector, growing IT (information technology) investment in the market, and increasing governmental adoption of BIM by several nations.

Yet the market faces some challenges, such as lack of definite regulation, lack of expertise in BIM, high costs, resistance to change on part of construction managers/contractors, social obstacles and challenges of interoperability.

The report assesses the key opportunities in the market and outlines the factors that will drive the growth of the industry.

 

Posted: 7/14/2016 3:30:10 PM



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