Building Information Modeling Market Grows at Healthy CAGR with Advanced Features – New Report by MarketsandMarkets
(PRWEB) December 12, 2014 -- The report defines the vital drivers and restraints in the "Building Information Modeling Market”. It segments the market on the basis of its key components and players to provide details about the growth trends and revenue forecasts.
Building information modeling is a procedure used for designing and managing projects throughout the project life cycle. The overall value chain of the building information modeling market is intimately interlinked with the value chain of the traditional construction processes. According to the report, new product developments and ventures are expected to shape up the market to witness a steady growth in the years to come.
Browse "Building Information Modeling Market" thorough detailed Data Tables, Figures and in-depth ToC, spread across over 230 pages of the report.
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According to the report, industrial applications are offering great growth opportunities for the building automation modeling market. The commercial segment is expected to drive the commercial growth of this market. The healthcare segment on the other hand is still expected to remain a promising growth market, offering higher chances for the BIM process to penetrate.
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The report segments the building information modeling market on the basis of end-users, types, applications, and geographies. It further provides revenue forecasts and growth trends in the market. According to the report, the Building Information Modeling Market is expected to grow at a healthy CAGR of 16.72% from 2014 to become worth $8646.47 Million in 2020.
According to the report, newer applications and uses are continuously being devised for this technology, which will further propel the market growth. Players involved in the development of Building Information Modeling Market, which are profiled in this report include Archidata Inc. (Canada), Asite Solutions Pvt. Ltd. (U.K.), Autodesk, Inc. (U.S.), Beck Technology Ltd. (U.S.), Bentley Systems, Inc.(U.S.), Dassault Systèmes S.A (France), Design Data(U.S.), Nemetschek AG (Germany), Solibri Inc. (New Zealand), and Trimble Navigation, Ltd. (U.S.).
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