DUBLIN — (BUSINESS WIRE) — October 9, 2014 — Research and Markets ( http://www.researchandmarkets.com/research/mqgzdr/global_bim_market) has announced the addition of the "Global BIM Market 2014-2018" report to their offering.
The Global BIM Market to grow at a CAGR of 17.4% over the period 2013-2018
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.
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.
Further, the report states that one of the major challenges in this market is the lack of expertise and the high cost of training. A high level of competence is required to use BIM software. The cost of training is one of the major concerns of the industry as a whole. Many construction firms are hesitant to invest in training programs because of their high cost.
Key Vendors
- Autodesk
- Bentley
- Nemetschek
- Trimble
Other Prominent Vendors
- Gehry Technology
- Newforma
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Industry Overview
- Market Landscape
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/mqgzdr/global_bim_market