Building Information Modeling Market - Forecast(2021 - 2026)
Building Information Modeling Market Size is forecast to reach $10.3 billion by 2026 , at a CAGR of 11.6% during forecast period 2021-2026. Building Information Modeling (BIM) is a process of generating and managing building data during its complete lifecycle, from conceptual design through operation of the building. It is an integrated workflow that enables architects, engineers, and builders to explore a project digitally before building is built. BIM helps AEC sector in better planning and designing of the buildings, savings on materials, less rework and support for prefabrication. The ease of use of BIM led to high adoption of BIM sector and became the software of choice for designing everything from government contracts on bridges to large office buildings, and even on down to small buildings. The output of construction industry in Europe region has been increased from $1,414.62 billion to $1,725.22 billion which is a 22% increase from 2016-2019. High ad...