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NEW YORK, June 28, 2021 /PRNewswire/ - Set to grow by USD 630.51 million during 2021-2025, Technavio s latest market research report estimates the construction management software market to register a CAGR of almost 8%. With a focus on identifying dominant industry influencers, Technavio s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Technavio has announced its latest market research report titled Construction Management Software Market by Deployment, End-user, and Geography - Forecast and Analysis 2021-2025
Construction Management Software Market value to increase by $ 630 51 Mn during 2021-2025 | Technavio
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Building Information Modeling Software Market is Booming Worldwide
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According to this report the global building information modelling market was valued at $5.20 billion in 2019, and is projected to reach $15.06 billion by 2027, growing at a CAGR of 14.3% from 2020 to 2027.
Building Information Modeling (BIM) is an intelligent 3D model-based process, which provides construction professionals, architecture, and engineers to efficiently design, manage, construct and plan the infrastructure of the buildings. BIM software is popular among end users as it provides lucrative advantages such as increased return on investments (ROIs) and time and money saving. Furthermore, rapidly increasing number of construction projects globally and rise in demand for automated models in the architecture, engineering, and construction (AEC) industry are the major factors driving the growth of the market. Moreover, government mandates regarding the use of BIM in building constructions are expected