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Building Information Modeling (BIM) Industry research 2024: Global Market to Reach $24.8 Billion by 2030 from $8.6 Billion in 2023 a Digital Twin Technology Revolutionizes the BIM Landscap...
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The global market for Building Information Modeling (BIM) was estimated at US$8.6 Billion in 2023 and is projected to reach US$24.8 Billion by 2030, growing at a CAGR of 16.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The growth in the Building Information Modeling (BIM) market is driven by several factors, reshaping how construction projects are conceived, managed, and delivered. One of the primary drivers is the increasing complexity of modern building projects, which necessitates sophisticated tools that can handle intricate designs and multifaceted systems. BIM's ability to integrate multiple disciplines - structural, mechanical, and electrical - into a unified platform makes it essential for managing these complex projects. Another critical factor is government mandates and regulatory requirements. In many countries, particularly in Europe, the US, and par
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