Building Information Modeling Market Forecast, 2016-2024 Building Information Modelling (BIM)-15th Nov | Page 4

The Market For Commercial Application Holds The Largest
Share And Is Expected To Grow At The Cagr Of 24.4%
During The Forecast Period
There would be a significant rise in the market for the
commercial application between 2015 and 2024. The growth
of the BIM market for commercial application is attributed to
the fact that building information modeling provides digital
prototyping analysis and simulation, hence shortening the
construction period while consistently improving
productivity and reducing risks associated with construction
projects in the commercial building sector.