The Building Information Modeling Market is expected to reach $10.3 billion by 2026, growing at a CAGR of 11.6 percent from 2021 to 2026. Building Information Modeling (BIM) is a method of creating and managing building data across its entire lifecycle, from conception to completion. It is a workflow that allows architects, engineers, and builders to digitally experience a project before it is built. Building Information Modelling Market aids the AEC sector in improved building planning and design, material savings, fewer rework, and prefabrication support. Because of its ease of use, Building Information Modelling Market has gained widespread adoption and has become the software of choice for designing everything from government contracts on bridges to major office buildings, and even minor structures. Between 2016 and 2019, the output of the construction industry in Europe climbed by 22 percent, from $1,414.62 billion to $1,725.22 billion.
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