Sandlerresearch.org's Global BIM Market 2014-2018 research report on the building information modeling market in its store forecasts the market to grow at a CAGR of 17.4 percent over the period from 2013 to 2018. One of the major trends upcoming in the market is the emergence of cloud-based BIM technology. Such new technologies are gaining huge importance in the construction sector.
According to the report, improvement in quality control and productivity is one of the major drivers in the market. This report covers the present scenario and the growth prospects of the Global BIM market for the period 2014 to 2018. The market size is calculated based on the total revenue generated through the issue of BIM software. The Global BIM Market 2014-2018 research report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global BIM market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Further, the report states that one of the major challenges in this market is the lack of expertise and the high cost of training. A high level of competence is required to use BIM software. The cost of training is one of the major concerns of the industry as a whole. Many construction firms are hesitant to invest in training programs because of their high cost.
