The market for building information modeling (BIM) software and services is still emerging, but is evolving rapidly, according to a new report from Pike Research. The firm forecasts that annual worldwide revenue for BIM products and services will grow from $1.8 billion in 2012 to almost $6.5 billion in 2020.

The National Institute of Building Sciences (NIBS) buildingSMART alliance™ announced that it has released the first-ever consensus-based standard governing building information modeling (BIM) for use in the United States.

Virtually every leading name in the building services industry has recently launched some form of building energy management system that hosts and manages building data in the cloud, according to a new white paper from Pike Research.

Autodesk Inc. has announced the release of Autodesk Fabrication software, a new set of applications designed to help extend building information modeling (BIM) across the building lifecycle to support the fabrication and construction of mechanical, electrical, and plumbing (MEP) projects.

Autodesk Inc. has announced the acquisition of Vela Systems, a provider of mobile field management software for the construction industry. According to Autodesk, the addition of Vela Systems field management products will help extend the value of building information modeling (BIM) to customers in the field.

Autodesk Inc. has introduced Autodesk BIM 360, what the company is calling the next generation of building information modeling (BIM). According to Autodesk, it provides cloud services that enable users to access BIM project information at any time, and anywhere, throughout the project lifecycle.

Autodesk Fabrication is a set of applications extending building information modeling (BIM) across the building lifecycle to support the fabrication and construction of mechanical, electrical, and plumbing (MEP) projects. Coupled with the company’s existing BIM software solutions, the applications will further extend BIM to MEP contractors.

Autodesk Inc. has introduced Autodesk Revit LT software, a new addition to its family of Revit software products. It is designed for architects, designers, and building industry professionals using 2D workflows who are looking to transition to the building information modeling (BIM) process.

Many architecture, engineering, and construction (AEC) firms have taken advantage of the market downturn to try innovative approaches to the construction process, such as building information modeling (BIM). According to a report from Pike Research, early adopters of BIM will gain a significant advantage over their competitors.

Richard J. Cramer Sr. of Holly, Mich., a former Sheet Metal and Air Conditioning Contractors’ National Association (SMACNA) president, was inducted into the Michigan Construction Hall of Fame, Oct. 25, 2012, located at Ferris State University’s Granger Center for Construction and HVACR.