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Building Information Modeling (BIM) Market Is Set To Garner Staggering Revenues By 2027 Date: March 2, 2022 Author: Tech News
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Rise in awareness of bene ts of information modelling for buildings, especially across construction sector, has seen signi cant traction in demand for BIM software solutions and services. Favorable changes, such as policy updated by UK government for time bound transition to Level 2 BIM and subsequently Level 3 BIM, has seen larger construction companies implementing the same as part of their business strategy, with penetration reaching close to 70%. Likewise, countries such as Peru, Chile, Italy, Brazil, Canada, and Qatar have BIM mandates in place or are planning to adopt the same in near term, all supporting the market growth. According to a new market report published by Transparency Market Research “Building Information Modeling (BIM) Market (Solution – Software, Consultancy Service; Software Solutions – On-premise Software,