BIM in construction is shaping the future of the construction industry. Construction professionals and companies around the world are investing in BIM to streamline their design development and site operations for achieving better project outcomes. 

The Building Information Modeling (BIM) market in the construction industry has been experiencing significant growth in recent years, driven by factors such as increasing demand for efficient building processes, rising adoption of cloud-based solutions, and growing awareness about the benefits of BIM among construction professionals. A global market analysis of BIM in the construction industry reveals the following trends and insights:

Market Size and Growth: The global BIM market size in the construction industry was valued at approximately $5.2 billion in 2020, and it is expected to grow at a CAGR of 13.5% from 2021 to 2028. The increasing demand for efficient building processes and rising adoption of cloud-based solutions are driving the market growth.

For a construction company cost, time, quality, and sales are the main factors demonstrating a project as a ‘successful project’. This is often known as a cost-quality-time triangle in construction management. It is the duty of the construction managers to ensure that each project is delivered within the agreed cost, time, and quality. However, it is likely for a construction project to experience cost and time overruns due to many reasons. The prime reasons are; a lack of coordination between project stakeholders, design errors, supply chain, and contractor delays. 

The construction industry contributes 13% of the global GDP. Any major cost and time overruns in construction projects not only affect the construction companies but also impact the GDP of countries. BIM construction management or BIM in construction management is the single best tool in the present day and age for effective construction management. 

Using BIM in construction management allows construction companies and professionals to manage the design, supply chain, site operation, and project stakeholders on a collaborative digital platform. The government of countries such as the USA, UK, and UAE has mandated the use of BIM on construction projects over a certain budget.