Building Information Modelling Market, By Offering (Software, Services), By Application (Commercial, Residential, Industrial), By End Users (Contractors, Architects, Engineers, Developers, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Mar 2024

Code : CMI1351

Pages :170

Formats :

Excel and PDF

Industry : Information and Communication Technology

Market Challenges: Resistance to Technological Adoption in Construction

Global building information modelling (BIM) market faces several challenges. Contractors and builders have been slow to adopt new technologies and change entrenched workflows. Many firms also lack the technical expertise and skills to implement BIM systems and processes effectively. High upfront costs, interoperability issues between software platforms, and unclear ROI expectations have inhibited greater adoption rates. Developing internationally compatible BIM standards remains an ongoing process, which introduces uncertainties.

Market Opportunities: Government Mandates Boosting BIM Demand

Government mandates in different countries now require BIM usage for public projects, which will drive greater overall demand. Integrating BIM with emerging technologies like AI, VR and IoT allows for new construction and facility management applications. Adoption will likely grow as BIM capabilities improve and software becomes more user-friendly and affordable. Young designers and engineers already highly skilled in digital tools will also propel the industry forward.