Building Information Modeling Market Forecast, 2016-2024 Building Information Modelling (BIM)-15th Nov | Page 3

Cloud Based Bim Deployment Leads The Market And Is Further
Expected To Grow At Highest Cagr Of 23.8% During The Forecast
Period
Cloud-based BIM is a type of Software-as-a-Service that is prominent
among small and medium sized enterprises, as the prices associated with
services, operational costs, licenses & subscription costs, storage, and
bandwidth are lesser, which makes it more convenient and affordable. It is
a software licensing and delivery model. It is also referred as on-demand
software. These cloud-based versions are beneficial as these are easily
available at affordable rates. It is also an attractive deal for the
construction and building industries seeking to make the most from the
technology available at lower costs and risks.
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