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Building Information Management Soultion Market Demand, Research Insights by 2031
The global building information modeling (BIM) solutions market is projected to reach US$ 42.9 Bn by 2031. However, challenges in updating BIM models are still prevalent. There is a growing need for education and training in case a project requires to be updated using a BIM model. However, many times, end users lack the necessary skills in-house to do it. In such cases, investment in training and education of BIM specialists might be expensive, but will lead to long-term benefits to avoid outsourcing costs for adding updates in BIM models.View Our Report @ https://www.transparencymarketresearch.com/building-information-modeling-bim-solutions-market.html
The careful attention to industry standards and a common framework are necessary before rushing to buy drawing software in order to deliver updates in BIM models. Project teams are opting for software suite that meets their specific needs, and which is broadly compatible with tools used by all stakeholders.
The ever-expanding construction industry holds lucrative opportunities for vendors in the building information modeling (BIM) solutions market. The U.S.-based startup Avvir is introducing its mobile scanner that detects construction mistakes in real-time. The companies are increasing their R&D to develop scanners that user lasers and artificial intelligence (AI) to scan under-construction buildings.
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The BIM is being idealized in several construction projects. However, construction errors and delays cause deviations from original plans. It is potentially challenging to incorporate changes at a later stage. Hence, companies and startups in the building information modeling (BIM) solutions market are innovating in mobile scanners to identify construction errors and delays. These scanners provide on-site managers the choice to either fix the error immediately or push construction updates to the original BIM.
The augmented BIM is being highly publicized in the building information modeling (BIM) solutions market. The U.K.-based startup XYZ Reality is increasing its focus in augmented BIM to help builders visualize how their 2D (2 dimensional) plans overlay with 3D (3 dimensional) BIMs laid out by architects.
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Vendors in the building information modeling (BIM) solutions market are gaining a strong research base in augmented reality (AR) and virtual reality (VR) to visualize BIMs and make them more accessible at the project site. Such trends are speeding up construction and reducing costs to make it easier for builders to spot errors in real-time.
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The latest research report published by Transparency Market Research pertains to the global building information modeling (BIM) solutions market for the historical period of 2018 & 2019 and the forecast period of 2021-2031
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Need of constructing various structures is on the rise due to rapid urbanization and industrialization, consequently driving the global building information modeling (BIM) solutions market. Companies are rapidly developing user-friendly solutions, which are anticipated to considerably increase demand for building information modeling (BIM) solutions in the near future. The significant trend of making large commercial buildings is expected to trigger the growth of the building information modeling (BIM) solutions market.
In terms of revenue, the global building information modeling (BIM) solutions market is projected to reach value of US$ 42.9 Bn by 2031, expanding at a CAGR of ~15% during the forecast period
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