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BIM MARKET

Building information modeling (BIM) have been on the rise and set to be one of the fastest growing areas of the construction industry. A major restraint hampering the growth of the BIM market is the high costs of software and necessary hardware to run it. Though the software reduces the overall costs of the projects by approximately 30%, BIM tools are available at very high prices and hence, may seem out of the budget for small firms. Apart from this, the architects or contractors who adopt BIM in their construction processes require training to understand the approach of the same in the long term. Hence, high costs of BIM software required for the execution of construction processes and long training periods contributing to decrease in the productivity of the construction companies are the key factor that hinder the growth of the market.

BIMs adoption for applications such as industrial, utilities, and civil infrastructure to drive the growth of BIM market

Buildings

The building applications majorly put forth an increasing demand for customized solutions. These applications focus on the adoption of BIM by firms that are primarily responsible for working on the construction (that is, new work, additions, alterations, maintenance, and repairs) of commercial and retail buildings. Building applications account for a larger share of the BIM market compared to any other applications because of the increasing number of buildings or construction projects, along with business centers, shopping centers, and retail shops.

Industrial

Industrial buildings may specifically focus on process systems and equipment. The equipment and systems that shape industrial buildings can be incorporated with BIM. BIM precisely eliminates any chance of miscommunication between the owner and the builder, as the entire design model can be viewed clearly. Designing issues can be efficiently handled with the help of BIM, as all the details of the building are included in the BIM model; they can be viewed at any point of time in the construction phase. It also helps in a speedy rectification of issues such as clash detection and wastage of resources; therefore, it becomes easy to focus on work rather than problem solving. BIM is adopted for constructing industrial facilities of manufacturing and filtration.

Civil Infrastructure

The demand for civil infrastructure is expected to reach new levels with the increasing population, rapid urbanization, and economic expansion. BIM is the right tool for civil infrastructure professionals to more effectively aggregate all the available real-world data (computer-aided design (CAD), geographic information system (GIS), raster and vector, light detection and ranging (LIDAR), photogrammetric, and more) and then use the data to quickly create an intelligent design model of a civil infrastructure project. Autodesk InfraWorks 360 enables model-based planning and design of civil infrastructure in the context of the real world. Civil infrastructure applications include designing roads, bridges, and tunnels.

Utilities

Normally, utility applications require larger budgets compared to other BIM applications. The BIM for utility infrastructure design helps in reducing costs by decreasing reworks, delays, and construction wastages through improved coordination, design accuracy, and stakeholder communications. Along with the ability to analyze cost, BIM for utilities also comprises other features, including infinite computing and cloud-based analysis delivered to tablet computers and other mobile devices.

Others

Projects related to military and transportation, among others, have been considered in the others sector. BIM requires software to create a model of a building before the construction starts; it is designed to make an integrated and collaborative approach toward construction. By defining the different levels of BIM, the concepts of 4D, 5D, and 6D are used to indicate the elements and benefits of increasingly complex BIM models. BIM used in construction information technology laboratory, engineering research, and development centers for military purposes.

Autodesk, Inc. (US) is a leading provider of software solutions to architects, construction management, industries, and real estate. The company‘s well-established market distribution network serves as an important factor for its future growth. The company focuses on strategic partnerships with companies across regions. For instance, Autodesk has partnerships with companies such as NASA Ames Research Center (US), Tata Consulting Engineers Ltd. (India), and Qatar Rail for its BIM products. These strategic partnerships will help the company enhance its business operations and increase its profit. Currently, in 3D modeling, Autodesk focuses on developing next-generation platforms and other advanced technologies, and continues to expand in the emerging markets.