World Building Information Modeling (BIM) Market Is Expected to Reach $11.7 Billion by 2022; Finds New Report
World Building Information Modeling (BIM) Market -Opportunities and Forecasts, 2015-2022," forecasts that the world BIM market would garner a revenue of $11.7 billion by 2022, registering a CAGR of 21.6% during 2016 -2022. The Asia-Pacific region is expected to witness an upsurge in demand owing to the exponentially growing construction industry and supportive government regulations for mandating the use of BIM. Furthermore, BIM is forecast to gain increasing adoption across various sectors such as commercial and infrastructure construction.
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