Here are some interesting statistics which prove that BIM means business. Read on to know all about these staggering statistics in our blog. https://rdttech.co/4-statistics-proving-bim-means-business-for-aec-enterprises/

3.  You might’ve heard about Building Information
Modeling (BIM) and the immense benefits that it
brings to the table. And even though the exciting
advantages encourage you to add BIM to your
toolkit, chances are that there might be a little bit of
business-value skepticism surrounding the
innovative technological solution.
 But, fret not! We are here to help. Let’s look at 4
exciting BIM statistics that will help you to
understand that BIM is here to improve business
value and drive growth.

4.  Building Information Modelling (BIM) is an
innovative and digital building process that
enables collaboration between multiple teams
and stakeholders.
 Almost every BIM project includes a 3D
model that contains various types of
information and manufacturer-specific digital
replicas of the products. The rich data is
collated into a common data environment which
is then leveraged by multiple stakeholders,
architects and construction professionals.

5.  BIM is a billion-dollar market
 By 2060, 2.4 trillion square feet of
new construction will happen
 BIM adoption is increasing globally
 BIM marketplaces are resulting in a
51% increase in leads

6.  Over the last few years, BIM has witnessed massive
growth. According to a leading research report, in
2019, the market size of BIM was around USD 5.2
Billion and it is projected to reach a whopping USD
16 Billion by 2027. That means a CAGR (Compound
Annual Growth Rate) of 15.2%
 Talk about some explosive growth predictions for
2020 to 2027!
 An interesting thing to know about this research is
that these observations/predictions were made
before the pandemic. But, with the pandemic in the
picture, the growth estimates will be much higher
than previously anticipated.

7.  Any reason for higher numbers than the
previous estimates?
 With the pandemic halting office-based
work, most organizations including AEC
enterprises have had to resort to remote
work and digital adoption. In addition to
that, a greater emphasis was placed on the
health and safety of built environments.
 Another reason why the BIM market will
witness explosive growth is due to the
implementation of positive government
policies coupled with an uptick in BIM
mandates.

8.  Construction won’t be slowing down anytime
soon because of an increased interest in real-
estate and real-estate investing. This means
the demand for building products will most
likely increase in the days to come.
 According to a report by the UN Department
of Economic and Social Affairs, it is
estimated that by 2060, around 2.4 trillion
square feet of new construction will happen.

9.  What are these staggering numbers equivalent to?
 One Tokyo built every quarter
 One New York City built every 34 days
 One Paris City built every week!
 But, traditional construction won’t be able to
handle these heavy workloads. In addition to that,
there will be immense pressure on manufacturers
to manufacture enough products for construction.
 That is where BIM comes into the picture!
 Many architects, public clients and construction
professionals are turning to BIM because of its
resource-efficient solutions as compared to
traditional construction practices. This adoption of
BIM will likely increase in the days to come
followed by an uptick for access to manufacturer-
specific BIM objects.

10.  BIM technology has been redefining construction
activities. Whether you are a manufacturer,
architect or designer, you will most likely find many
of your peers leveraging BIM to improve and
accelerate construction projects.
 According to a leading report, the usage of BIM
tools by construction professionals has risen from a
meagre 13% in 2011 to a whopping 73% in 2020.
These numbers are most likely to increase in the
years to come. And with the pandemic’s effects,
many more AEC enterprises and construction
professionals are turning to BIM due to its remote
work capabilities.

11.  Many businesses depend on leads to drive
growth. So, how can BIM help businesses?
 According to a leading study, creating a BIM
object and getting on the BIM object enables
marketers/salespersons to stay close to
professionals and align with their business
needs.
 In 2019-2020, with the help of BIM object
platforms, professionals witnessed a whopping
51% increase in leads. And with digital adoption
increasing every single day, these numbers will
most likely increase in the coming years.

12.  BIM & allied solutions are currently
providing excellent value across the
business spectrum. The benefits offered by
BIM go far beyond the general benefits
related to costs, risk reduction and
convenience. BIM solutions are also
offering the ability to develop better
relationships, improve service offerings
and drive business growth in the right
direction.