BIM is a software solution that enables the creation of vector-based representation in 3D formats for construction projects such as buildings, railways, and roads among others. Governments in countries such as the US, the UK, and Singapore are encouraging and promoting the awareness and use of BIM in the construction sector. The implementation of BIM software helps in minimizing errors and saving time during the execution of construction projects.
In 2014, the global BIM market generated a major share of its revenue from EMEA, followed by the Americas and APAC.
Research Beam analysts forecast the global BIM market to grow at a CAGR of 16.73% over the period 2014-2019.
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