Building Information Modeling Market Analysis 2035

Research Nester published a report titled “Building Information Modeling Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the global building information modeling market in terms of market segmentation by building type, project phase, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

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The global building information modeling market is anticipated to garner a CAGR of ~14% over the forecast period, i.e., 2023–2035. The market is segmented on the basis of project phase into pre-construction, construction and operation, out of which, the pre-construction segment is estimated to hold the largest market share over the forecast period. Pre-construction process includes visualization, conceptualization, cost planning, designing and detailing, among others. These steps are very vital for the successful construction of any building, and digitalization of these steps accelerates the construction process, removes maximum human errors, and saves cost. This is expected to drive the segment growth.

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The market is estimated to grow on the back of rapid urbanization on a global level, along with rising demand for residence for the expanding population. Housing is one of the primary human needs, and the rate at which the population is increasing has raised the demand for providing more shelters in less time. Building information modeling (BIM) accelerates the construction process, which saves both time and expense. This is one of the major factors driving the market growth. Moreover, with increasing penetration of digital technology, the construction industry is also adopting digital methods for optimizing construction, which in turn, is estimated to boost the market growth.