![]() states Vantage Market Research, in a report, titled " Building Information Modeling (BIM) Market Size, Share & Trends Analysis Report by Deployment Type (On Premises Deployment, Cloud Deployment), by Offering Type (Software, Services), by Project Lifecycle (Pre-Construction, Construction, Operation), by Application (Buildings, Industrial, Civil Infrastructure, Oil & Gas), by End User (AEC Professionals, Consultants & Facility Managers, Other End Users), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" The Global Building Information Modeling (BIM) Market size is expected to reach USD 1,1172.5 Million by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period. The market size stood at USD 5,721.4 Million in 2021. ![]() ![]() The increasing trend of IoT in the manufacturing and construction sector also with the increasing trend of BIM in organization standards to adopt ISO 19650 in the market act as a growth opportunity for the market players. WASHINGTON, J(GLOBE NEWSWIRE) - Growing adoption of working from home owing to COVID-19 and the recent rise in urbanization globally along with wide-ranging benefits of Building Information Modeling (BIM) Market realized by the AEC industry is contributing to the growth of the Building Information Modeling (BIM) Market.
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