Building Information Modeling (BIM) Market - Global Segments, Trends and Forecasts Up to 2020

Albany, NY -- (ReleaseWire) -- 01/27/2015 -- Building Information Modeling (BIM) enables execution of various processes such as visualization, designing, collaboration and simulation during construction of buildings. Companies in this market offer BIM solutions in software and services models to cater to the specific requirements of their clients. BIM objects maintain digital data required for communication of various project related decisions in construction. With the use of integrated tools, the data stored in BIM can be used to manage the entire lifecycle of a construction project. BIM is used for maintaining data regarding various aspects of project management and the data is thereby classified into 3D, 4D and 5D modeling. Similar to other technologies such as computer aided design (CAD) and Auto CAD, BIM maintains 3D data used to visualize and simulate the entire project. However, BIM enables maintaining of 4D data which includes time management capabilities such as scheduling daily and weekly activities of the entire project. Maintenance and projection of 5D data involves cost management and other financial activities associated to the project.