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This software has several benefits for various professionals, including architects, engineers, construction workers, etc., as demand for houses increases, which will positively affect this market. Building Information Modeling (BIM) Market software is a new way to design construction projects. Urbanization and industrialization in several countries across the globe are increasing worldwide. In recent years lots of new technology has been invented that helps them in various ways. On the basis of region, Asia Pacific is projected to dominate the worldwide Building Information Modeling (BIM) market.The Building Information Modeling (BIM) market was estimated to be worth roughly USD 5,721.4 Million in 2021 and is expected to reach USD 1,1172.5 Million by 2028 based on primary research.According to our primary respondents’ research, the Building Information Modeling (BIM) market is predicted to grow at a CAGR of roughly 11.8% during the forecast period.Sample Report further sheds light on the Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis, to offer the readers an advantage over others.The report also presents the country-wise and region-wise analysis of the Vantage Market Research and includes a detailed analysis of the key factors affecting the growth of the market.
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Free sample includes, Industry Operating Conditions, Industry Market Size, Profitability Analysis, SWOT Analysis, Industry Major Players, Historical and Forecast, Growth Porter's 5 Forces Analysis, Revenue Forecasts, Industry Trends, Industry Financial Ratios.
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Please Check Out Our Free Sample Reports and Make a More Informed Decision: states Vantage Market Research, in a report, titled “ Building Information Modeling (BIM) Market Size, Share & Trends Analysis Report by Deployment Type (On Premises Deployment, Cloud Deployment), by Offering Type (Software, Services), by Project Lifecycle (Pre-Construction, Construction, Operation), by Application (Buildings, Industrial, Civil Infrastructure, Oil & Gas), by End User (AEC Professionals, Consultants & Facility Managers, Other End Users), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)” The Global Building Information Modeling (BIM) Market size is expected to reach USD 1,1172.5 Million by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period. The market size stood at USD 5,721.4 Million in 2021.
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The increasing trend of IoT in the manufacturing and construction sector also with the increasing trend of BIM in organization standards to adopt ISO 19650 in the market act as a growth opportunity for the market players. WASHINGTON, J(GLOBE NEWSWIRE) - Growing adoption of working from home owing to COVID-19 and the recent rise in urbanization globally along with wide-ranging benefits of Building Information Modeling (BIM) Market realized by the AEC industry is contributing to the growth of the Building Information Modeling (BIM) Market.