One of the major trends upcoming in the market is the emergence of cloud-based BIM technology. Such new technologies are gaining huge importance in the construction sector.
According to the report, improvement in quality control and productivity is one of the major drivers in the market. The implementation of BIM software helps in minimizing errors and reducing the wastage and cost associated with construction projects.
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BIM is a software used to create vector-based representation of buildings and constructions in 3D formats such as buildings, railways, and roads. BIM not only presents the digital representation of any physical characteristics but also captures the necessary data during the construction phase.
Analysts forecast the Global BIM Market to grow at a CAGR of 17.4 percent over the period 2013-2018.