Impact of COVID-19 on World Economy and BIM Market

Dublin, Ireland, 2020-Oct-19 — /ERP Network/ —Over the forecast period of 2019 to 2027, the global BIM market will grow at a notable pace. A host of factors will give the market the required push, setting it on an upward-facing growth curve. This is set to drive the market towards better valuation and it will create new growth opportunities in the market, which players that are proactive and who keep a keen eye on growth triggers will be enthusiastic to tap into, helping the market players improve their presence in the vendor landscape of the market

The report not only carried information on the forecast period but also carried historical information on the market as that can enable players to look for more trends that can bear an impact on the overall market growth and its dynamics.

The Building Information Modeling market is expected to reach a worth of  ~US$ xx Mn/Bn by the end of 2027, garnering CAGR of 11% during 2019 to 2027. The study provides insights into key technology trends and investment avenues. 

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The emerging pandemic of novel Coronavirus or Covid-19 as it is popularly now known has posed immense repercussions on the macro-economy fundamentals of several countries across the world. Supply chain and production disruptions on various markets due to Covid-19 have been scrutinized by policymakers, especially of developing and developed countries. Over the past few months, they have been intensifying their focus on adopting regulatory frameworks and offering financial stimulus that will inspire confidence among investors across key sectors. The Building Information Modeling market analysts also take a closer look at the game-changing potential the current pandemic has and the trends that will revive market sentiments. The study on the Building Information Modeling market also aims to offer scenario planning for CXOs of businesses across the industries that shape the market. The report offers an evidence-based analysis of the implication of Covid-19 restrictions on market dynamics.

The report offers detailed regional segmentation of the Building Information Modeling market which includes shares of each key region in the global landscape during the forecast period. The segmentation is done as follows:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa (MEA)

The Building Information Modeling market report offers a critical quantitative and qualitative assessment of the current and future avenues in the following product segments: 

  • Software
  • Services

A detailed assessment of the growth dynamics includes opportunities and growth trends. Some of the questions pertain to these are answered in the study:

  • Key investment avenues in emerging economies
  • Strategy realignments to counter the implications of the Covid-19 pandemic
  • Products with new profit avenues and emerging business models to support their demand in the Building Information Modeling market
  • Entry of new players and the strategies they adopt to surge ahead in the competition
  • Share and revenue size of key end-use industry or application segments year-over-year

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The report on the Building Information Modeling market is unique in its approach and insights-gathering initiatives. Some of the aspects that the study highlight are:

  • The study offers insight into key cost–optimization strategies and guides into their implementation
  • Insights into the new normals that have come to the fore due to COVID-19
  • Strategies that will help market players achieve resilience in the near future
  • The Building Information Modeling market report offers a framework for understanding the complexity of budgets allotments of companies across vendors, distributors, and logistics partners in the Building Information Modeling market
  • Investments that drive digital workplace technologies being adopted in the industry landscape

Why Choose Fact.MR?

Fact.MR follows a multidisciplinary approach to extract information about various industries. Our analysts perform thorough primary and secondary research to gather data associated with the market. With modern industrial and digitalization tools, we provide avant-garde business ideas to our clients. We address clients living in across parts of the world with our 24/7 service availability.

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