Collaboration between stakeholders using cloud-based BIM platform is one of the key trends gaining traction in the global building information modelling market. Cloud-based BIM platforms allow project stakeholders including architects, engineers, contractors and owners to collaborate virtually and access latest design and project information from remote locations. It facilitates smooth sharing of data and helps synchronization of designs. This in turn improves project coordination and enhances efficiency of project execution.

The building information modelling market is segmented by type, project life cycle, deployment, application, end user and region. By type, the 3D BIM segment dominated with around 60% market share in 2022 owing to its ability to facilitate better visualization and coordination throughout the project life cycle. By deployment, cloud-based BIM is expected to grow at the highest CAGR during the forecast period due to its benefits such as remote access, scalability and cost-effectiveness.

The Global Building Information Modelling Market Growth is expected to witness high growth, exhibiting CAGR of 16% over the forecast period, due to increasing demand for infrastructure development worldwide. The growth is further aided by government mandates and initiatives for adoption of BIM technologies in public construction projects of some countries.

North America dominated the global BIM market in 2023 due to stringent regulatory norms and early adoption by major construction companies in the region. Asia Pacific is expected to grow at the fastest rate during the forecast period owing to increasing infrastructure construction activities in China and India. Rapid urbanization and smart city initiatives in developing Asian countries offer significant growth opportunities.

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