Christy Publications Building Information Modelling Market | Page 2

Also, increasing government support for the implementation of BIM in various projects have further driven market growth. For instance, the U.K. government projects that BIM would help in 20–30 percent reduction in the lifecycle cost of its public-sector assets built after 2016. Resistance to Change is the major hindering factor in the growth of the market Complexity in operation and lack of trained professionals to operate the software with the required proficiency, and the possibility of mishandling that may lead to loss of time and cost are among the other substantial factors that will continue to hinder the industry growth prospects. Furthermore, lack of BIM standards and low consumer awareness are also negatively impacting growth of the market. Global Building Information Modelling (BIM) Market: Taxonomy On the basis of offering, the global building information modeling market is segmented into:  Software  Service On the basis of the project type, the global building information modeling market is segmented into:  Pre-Construction  Construction  Other On the basis of vertical, the global building information modeling market is segmented into:  Commercial  Residential  Infrastructure  Institutional  Industrial  Others Global building information modeling - Regional Insight