Building Information Modelling Market is growing rapidly with Trimble Inc. launching the latest version of its Tekla software solutions for constructible building information modeling (BIM)

 

There are many different components of building information modeled using CAD software such as site surveys, local laws, engineering considerations, population densities, and others. These components are then composited with physical details such as floors, roofs, windows, and surrounding structures. By combining the two, the designer is able to determine the most suitable location for the building. However, the installation cost of BIM is significantly high. Besides, digitalization in the construction industry is relatively moderate, which is limiting growth of the building information modeling market. Thus, these challenges can inhibit growth of the building information modeling market.

Building Information Modelling is a method supported by different technologies, tools, and contracts involving the creation and analysis of digital representations of functional and physical aspects of real-world locations. It has evolved as one of the most successful methods for the creation of building designs and has been adopted by architects worldwide. A combination of visual communication and computer-aided design, it is capable of generating digital 3D images representing both the existing or proposed site and its future performance. Government authorities are supporting the adoption of BIM. As a matter of fact, many government authorities are taking proactive initiatives to make the adoption of BIM mandatory. BIM helps construction managers to collect data and information from relevant disciplines and communicate more effectively. Hence, these factors can accelerate growth of the building information modeling market.

Recently, in March 2021, Trimble Inc. launched the latest version of its Tekla software solutions for constructible building information modeling (BIM).

Urbanization is rapidly increasing in both developed and emerging economies. As a result of this, the construction of new infrastructure projects is growing massively. As per the United Nations (UN), by 2050, around 68% of the global population is expected to live in urban areas, increasing from 55% in 2018. According to the same source, in 2018, around 4.2 billion people were living in urban areas, increasing from 751 million in 1950. Such factors augment growth of the Building Information Modelling Market.

As far as regions are concerned, developed countries such as the U.S. are exhibiting promising signs in the building information modeling market. This is due to the fact that there are supportive government policies as well as the real estate industry is growing rapidly. On the contrary, Asia Pacific is registering robust growth in the building information modeling market due to the booming construction sector in emerging economies.

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