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4 Statistics Proving BIM means Business for AEC Enterprises

Here are some interesting statistics which prove that BIM means business. Read on to know all about these staggering statistics in our blog. https://rdttech.co/4-statistics-proving-bim-means-business-for-aec-enterprises/

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4 Statistics Proving BIM means Business for AEC Enterprises

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  1. 4 Statistics Proving BIM means Business for AEC Enterprises

  2. You might’ve heard about Building Information Modeling (BIM) and the immense benefits that it brings to the table. And even though the exciting advantages encourage you to add BIM to your toolkit, chances are that there might be a little bit of business-value skepticism surrounding the innovative technological solution. But, fret not! We are here to help. Let’s look at 4 exciting BIM statistics that will help you to understand that BIM is here to improve business value and drive growth. What is Building Information Modeling (BIM)? Building Information Modelling (BIM) is an innovative and digital building process that enables collaboration between multiple teams and stakeholders. Almost every BIM project includes a 3D model that contains various types of information and manufacturer-specific digital replicas of the products. The rich data is collated into a common data environment which is then leveraged by multiple stakeholders, architects and construction professionals. 4 Statistics Proving BIM means Business for AEC Enterprises BIM is a billion-dollar market

  3. Over the last few years, BIM has witnessed massive growth. According to a leading research report, in 2019, the market size of BIM was around USD 5.2 Billion and it is projected to reach a whopping USD 16 Billion by 2027. That means a CAGR (Compound Annual Growth Rate) of 15.2%

  4. Talk about some explosive growth predictions for 2020 to 2027! An interesting thing to know about this research is that these observations/predictions were made before the pandemic. But, with the pandemic in the picture, the growth estimates will be much higher than previously anticipated. Any reason for higher numbers than the previous estimates? With the pandemic halting office-based work, most organizations including AEC enterprises have had to resort to remote work and digital adoption. In addition to that, a greater emphasis was placed on the health and safety of built environments. Another reason why the BIM market will witness explosive growth is due to the implementation of positive government policies coupled with an uptick in BIM mandates. By 2060, 2.4 trillion square feet of new construction will happen

  5. Construction won’t be slowing down anytime soon because of an increased interest in real- estate and real-estate investing. This means the demand for building products will most likely increase in the days to come. According to a report by the UN Department of Economic and Social Affairs, it is estimated that by 2060, around 2.4 trillion square feet of new construction will happen. What are these staggering numbers equivalent to? •One Tokyo built every quarter •One New York City built every 34 days •One Paris City built every week! But, traditional construction won’t be able to handle these heavy workloads. In addition to that, there will be immense pressure on manufacturers to manufacture enough products for construction. That is where BIM comes into the picture! Many architects, public clients and construction professionals are turning to BIM because of its resource-efficient solutions as compared to traditional construction practices. This adoption of BIM will likely increase in the days to come followed by an uptick for access to manufacturer- specific BIM objects. BIM adoption is increasing globally

  6. BIM technology has been redefining construction activities. Whether you are a manufacturer, architect or designer, you will most likely find many of your peers leveraging BIM to improve and accelerate construction projects.

  7. According to a leading report, the usage of BIM tools by construction professionals has risen from a meagre 13% in 2011 to a whopping 73% in 2020. These numbers are most likely to increase in the years to come. And with the pandemic’s effects, many more AEC enterprises and construction professionals are turning to BIM due to its remote work capabilities. BIM marketplaces are resulting in a 51% increase in leads

  8. Many businesses depend on leads to drive growth. So, how can BIM help businesses? According to a leading study, creating a BIM object and getting on the BIM object enables marketers/salespersons to stay close to professionals and align with their business needs.

  9. In 2019-2020, with the help of BIM object platforms, professionals witnessed a whopping 51% increase in leads. And with digital adoption increasing every single day, these numbers will most likely increase in the coming years. BIM & allied solutions are currently providing excellent value across the business spectrum. The benefits offered by BIM go far beyond the general benefits related to costs, risk reduction and convenience. BIM solutions are also offering the ability to develop better relationships, improve service offerings and drive business growth in the right direction.

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