Building Information
Modeling (BIM) enables execution of various processes such as
visualization, designing, collaboration and simulation during
construction of buildings. Companies in this market offer BIM
solutions in software and services models to cater to the specific
requirements of their clients. BIM objects maintain digital data
required for communication of various project related decisions in
construction. With the use of integrated tools, the data stored in
BIM can be used to manage the entire lifecycle of a construction
project. BIM is used for maintaining data regarding various aspects
of project management and the data is thereby classified into 3D, 4D
and 5D modeling. Similar to other technologies such as computer aided
design (CAD) and Auto CAD, BIM maintains 3D data used to visualize
and simulate the entire project. However, BIM enables maintaining of
4D data which includes time management capabilities such as
scheduling daily and weekly activities of the entire project.
Maintenance and projection of 5D data involves cost management and
other financial activities associated to the project.
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Research Report of Building Information Modeling (BIM) Market :
BIM is widely
accepted by various stakeholders in construction industry including
architects, contractors, building product manufacturers, managers and
developers owing to its immense scope of applications. BIM is
increasingly finding use in construction across various industries
including residential, commercial, industrial, healthcare,
educational, sports and entertainment. BIM is used from the
initiation of construction project to design and visualize the
building and throughout the project for planning and managing all the
activities involved in construction.
One of the major
factors driving the growth of BIM market is the reduction in cost and
increased production efficiency of the entire project. With the use
of BIM, developers are able to anticipate required cost which helps
in better financial management. Moreover, project management
capabilities enable developers and construction managers to plan
various activities efficiently. BIM enables streamlining of various
construction processes which in turn enables better time and
financial management leading to improved productivity. Another factor
driving the growth of BIM market is the government norms which
mandate the use of BIM in construction. Some countries such as UK,
UAE, and Singapore mandate the use of BIM for conducting construction
activities which is further driving its demand.
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Report :
Despite its immense
benefits, BIM faces a few challenges owing to its high cost and
requirement of trained professionals. Some existing companies have
shown reluctance in using BIM due to lack of technological awareness
and resistance to change. Penetration of BIM into developing
countries presents a significant opportunity for the growth of BIM
market during the coming years. In addition, rising popularity of
green building has driven the demand for environment friendly and
resource efficient construction of buildings. BIM offers a viable
solution to achieve optimum resource utilization and timely execution
of construction processes.
BIM providers have
invested heavily to design and develop innovative project management
solutions for various stakeholders in the construction industry. Some
of the key players in BIM market are Beck Technology Ltd., Trimble
Navigation Ltd., Autodesk Inc., Design Data Corporation and Bentley
Systems Inc. from the U.S., Archidata Inc. from Canada, Asite Limited
from UK, Dassault Systems S.A. from France, Nemetschek AG from
Germany and Solibri Inc. from Finland.
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