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Building Information Modeling Market Size to Reach $34.2 billion, Globally, by 2032 at 16.0% CAGR: Allied Market Research [Yahoo! Finance]
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NEW CASTLE, Delaware, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, " Building Information Modeling Market by Component (Solution and Service), Deployment Mode (On-Premise and Cloud), Building Type (Commercial and Residential), Application (Planning and Modelling, Construction and Design, Asset Management and Building System Analysis and Maintenance Scheduling), End-User (Architects/Engineers, Contractors, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2032". According to the report, the "building information modeling market" was valued at $7.9 billion in 2022, and is projected to reach $34.2 billion by 2032, growing at a CAGR of 16% from 2023 to 2032 during the building information modeling market forecast. The building information modeling market is expected to witness notable growth owing to the government mandating building information modeling usage (BIM) and the increasing adoption of digital technology by the cons
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