June 4, 2012: BIM Market Expected to Reach $6.5 Billion Worldwide by 2020
BOULDER, Colo. — 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.
“Building information modeling represents one of the most important breakthroughs in building design technology over the last decade,” said senior analyst Eric Bloom. “The next generation of buildings will be more intelligent and energy-efficient than any before. However, designing and delivering such buildings requires a level of collaboration that only BIM software can facilitate.”