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The global market for building information modeling (BIM) software is projected to register a strong CAGR of over 17.0% from 2016 to 2021, states a recent report.
One of the primary factors driving the adoption of building information modeling is the need to minimize the time taken for the completion of construction projects. These projects are not only time bound but also have budgetary constraints and any delay in completing them could prove to be rather expensive for the parties involved. By implementing BIM, companies can save time, gain efficiency, improve productivity, and reduce reliance on paperwork.
The growth in India can be attributed to the surge in the construction of buildings and infrastructure across the region. The increasing awareness about the benefits of building information modeling has also spurred its adoption through private and government BIM mandates for projects in India.