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[Latest] Global Building Information Modeling Market Size/Share Worth USD 52.5 Billion by 2030 at a 13.9% CAGR: Zion Market Research (Industrial Trends, Report, Analysis, Players, Outlook, Forecast, Growth, Value, Segmentation)

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NEW YORK, United States, June 22, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “Building Information Modeling (BIM) Market Size – 2022 to 2030” in its research database.

“According to the latest research study, the demand of global building information modeling (BIM) market size was worth at USD 14.72 billion in 2021 and it is expected to surpass around USD 52.5 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 13.9% during the forecast period 2022 to 2030.”

Building Information Modeling (BIM) Market Report Overview:

Building information modeling (BIM) is sometimes also referred to as building information management. It is a crucial and oftentimes mandated process that ensures the accuracy of steps including planning, designing, and construction of assets or facilities. BIM is a collaborative activity allowing engineers, architects, contractors, real estate developers, construction professionals, and manufacturers to create a virtual or digital representation of a facility before it is constructed.

Get a Free Sample PDF of this Research Report for more Insights with a Table of Content, Research Methodology, and Graphs – https://www.zionmarketresearch.com/sample/building-information-modeling-market

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The applications of BIM have forayed into the management and operational activities of buildings as well as utilizing the data that is accessible to the structure owners. This in turn aids municipalities, governments, and large to small-scale property managers to make decisions that are based on accurate information derived with the help of the BIM technology. This process is even applicable to buildings that have already been constructed. BIM can be considered as an enhanced substitute for drawings or blueprints that were initially constructed with information related to building plans which lacked certain attributes of accurate representation of dimensions. The main features of the BIM model are intelligence, geometry access, and data storage.

Global Building Information Modeling (BIM) Market Dynamics:

Growth Factors

The global building information modeling (BIM) market is projected to grow due to the growing adoption of these systems by construction agencies, real estate agents, architects, and building professionals in general.

BIM greatly covers all the disadvantages that were associated with previous technologies used for the virtual representation of a facility including blueprints and computer-aided design (CAD) since they lacked integration with higher systems like artificial intelligence and machine learning. As the rate of product innovation in BIM increases, the global market can expect more growth in the coming years, further driven by the growing demand for smart cities influenced by the rapidly rising rate of urbanization which involves the migration of people from rural areas to urban cities. The rising investment in smart-city projects could create a high product adoption rate given the benefits of managing resources by using BIM. Governments have mandated the use of BIM technology, which helps companies overcome growth barriers and drive product implementation.

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Restraints

The global market growth period could be restricted in terms of the skills needed to operate BIM systems. Companies have to invest not only in installing the systems but a large part of the expense goes into training the in-house employee or hiring experts, which increases the overall budget allocated to the product implementation process. Other factors like the synchronization between the cost of using the technology and project scale and leadership caliber could further act as growth limits.

Opportunities & Challenges

The growing and constant product innovation may support further growth, whereas managing the cost-effectiveness with small projects could act as a challenge.

Directly Purchase a copy of the report with TOC @ https://www.zionmarketresearch.com/buynow/su/building-information-modeling-market

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Report Scope

Report Attribute Details
Market Size in 2021 USD 14.72 Billion
Projected Market Size in 2030 USD 52.5 Billion
CAGR Growth Rate 13.9% CAGR
Base Year 2021
Forecast Years 2022-2030
Key Market Players Trimble Navigation Ltd., Bentley Systems, Inc., Autodesk, Inc., AECOM, Nemetschek AG., Beck End-user, Ltd., Dassault Systemes SA, Pentagon Solutions Ltd., and Asite Solutions Limited.
Key Segment By Solution, By Vertical, By End-User, and By Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
Purchase Options Request customized purchase options to meet your research needs. Explore purchase options

Building Information Modeling (BIM) Market: Segmentation Analysis

The global building information modeling (BIM) market is segmented based on solution, end-user, vertical, and region.

Based on end-user, the global market segments are architects, contractors, engineers, and others. The global market was dominated by the architect’s segment in 2021 and is expected to follow the same trend in the coming years due to the growing number of construction activities aided by architects that are using technology excessively to design models in 3-dimension which enhances the final outcome of the project. It also improves the overall work efficiency with other team members who are a part of the design team. Many companies who undertake overseas projects have stringent rules related to a qualification listed in the architect hiring process as an understanding of BIM is considered mandatory.

Based on vertical, the global market is divided into commercial, residential, infrastructure, institutional, and industrial. The global market may generate the highest revenue in the industrial segment during the forecast period due to the rapid industrialization rate observed worldwide. As per a December 2021 report by Statista, in August 2021, the global industrial production rate increased by 3.6% in comparison to the previous year. Several factors influence industrialization and some of them include high tariffs, western mining, national markets, vertical & horizontal integration, and tax breaks & government subsidies. The annual 2021 revenue of Autodesk stood at USD 3.79 billion.

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The global Building Information Modeling (BIM) market is segmented as follows:

By Solution

  • Software
  • Services

By Vertical

  • Commercial
  • Residential
  • Infrastructure
  • Institutional
  • Industrial

Browse the full “Building Information Modeling (BIM) Market By End-User (Architects, Contractors, Engineers, and Others), By Solution (Software and Services), By Vertical (Commercial, Residential, Infrastructure, Institutional, and Industrial), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2021 – 2030.”- Report at https://www.zionmarketresearch.com/report/building-information-modeling-market

Competitive Landscape

Some of the main competitors dominating the global building information modeling (BIM) market include – 

  • Trimble Navigation Ltd.
  • Bentley Systems Inc.
  • Autodesk Inc.
  • AECOM
  • Nemetschek AG.
  • Beck End-user Ltd.
  • Dassault Systemes SA
  • Pentagon Solutions Ltd.
  • Asite Solutions Limited.

 Key Insights from Primary Research:

  • According to the analysis shared by our research analyst, the Building Information Modeling (BIM) market is likely to expand at a CAGR of around 13.9% during the forecast period (2022-2030).    
  • In terms of revenue, the Building Information Modeling (BIM) market size was valued at around US$ 14.72 billion in 2021 and is projected to reach US$ 52.5 billion by 2030.
  • The market is projected to grow at a significant rate due to the growing investments in infrastructure development
  • Based on type segmentation, diesel oxidation catalyst was predicted to show maximum market share in the year 2021
  • Based on material segmentation, rhodium was the leading material in 2021
  • On the basis of region, North America was the leading revenue generator in 2021

Have Any Query? Ask Our Experts: https://www.zionmarketresearch.com/inquiry/building-information-modeling-market

Key questions answered in this report:

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  • What is the market size and growth rate forecast for Building Information Modeling (BIM) industry?
  • What are the main driving factors propelling the Building Information Modeling (BIM) Market forward?
  • What are the leading companies in the Building Information Modeling (BIM) Industry?
  • What segments does the Building Information Modeling (BIM) Market cover?
  • How can I receive a free copy of the Building Information Modeling (BIM) Market sample report and company profiles?

Regional Analysis:

North America is projected to register the highest growth in the global building information modeling (BIM) market mainly driven by the government mandates on companies operating in the building and construction sector to use BIM technologies for development activities. The regional governments have been exceptionally proactive in ensuring the implementation of the mandates.

Growth in Europe could be a result of increasing investments in infrastructure maintenance and further development along with a growing product adoption rate.

The Middle East may witness the highest growth in the countries of the United Arab Emirates and surrounding regions due to the high emphasis on planned urbanization and development models. Increasing the use of BIM in government projects in India, China, Japan, and other countries could help the Asia-Pacific region to grow at a significant rate.

By Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • France
    • UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)

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Recent Developments

  • In May 2022, Catenda and Egis signed a new collaboration to encourage the development of BIM technology in the civil infrastructure world
  • In January 2021, The BIM Engineers (TBE) and Zigurat Global Institute of Technology partnered allowing professionals from the architecture, engineering, and construction (AEC) industry to have access to the offerings of Zigurat

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About Zion Market Research:

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Artificial Intelligence

Direct Sourcing leaders offer free interactive experience of AI-powered hiring tool

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TalentNet’s newest experience allows users to test drive TalentNavigator, the latest feature addition in their Direct Source platform
TORONTO, June 2, 2024 /PRNewswire/ — As the originators of Direct Sourcing, TalentNet is continuing to break boundaries in the talent acquisition industry by offering a 7-day free virtual interactive experience that highlights its AI-powered TalentNavigator platform.

This tool, which is now able to automate key tasks while creating shortlists in minutes, allows Curators to streamline the hiring process.
Streamlining the talent acquisition processFunctioning as a sophisticated AI Generative virtual partner, TalentNavigator leverages industry-leading generative AI technology to intelligently analyze and interpret each client’s talent pool, delivering real-time insights and comprehensive answers to complex curation queries. Users will be able to explore TalentNet’s Direct Sourcing platform as well.
“TalentNavigator represents a key shift in the market as hiring executives begin to understand the importance of optimizing the talent acquisition process through cutting-edge AI technology,” said Justin Lumby, TalentNet’s Chief Operating Officer. “Our 7-day experience is a unique offering that empowers companies to test out our revolutionary Direct Sourcing tool on their own time. Through this experience, they gain direct insight not only into Direct Sourcing but also harnessing the full potential of AI.”
Empowering companies to optimize their workflowThe platform includes job search capabilities, allowing Curators to quickly find job openings for candidates based on customized criteria. TalentNet’s newest updates enable the tool to streamline manual tasks, allowing companies to spend more time connecting with candidates and engaging with top talent.
In the future, TalentNavigator will let users update statuses, accept offers, send messages, share candidates, schedule actions, view history, and manage talent pools.
Ensuring continued data protectionTalentNet ensures client data security with SOC 2 Type II and ISO 27001/27017 certifications. TalentNavigator encrypts all data and doesn’t store personal information. Curators maintain full control, approving all outputs.
To be part of TalentNet’s 7-day free virtual interactive experience, simply sign up at the TalentNet website by completing a form and wait to be contacted by a TalentNet rep.
About TalentNet: In 2013, TalentNet revolutionized sourcing with its Direct Sourcing platform. Today, Direct Sourcing is a rapidly growing trend in talent acquisition globally. As pioneers in this technology, we empower top brands to streamline hiring, simplify supply chains, and cut costs for a seamless candidate experience. For more information, visit https://talentnet.com/.
Video – https://www.youtube.com/watch?v=Yr0D58iBwrU

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Federal Government Authorizes Institute of Information Management to Certify Data Protection Professionals in Nigeria

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LAGOS, Nigeria, June 2, 2024 /PRNewswire/ — The Federal Government through the Nigeria Data Protection Commission (NDPC) has granted a licence to the Institute of Information Management (IIM) to conduct examinations and certify data protection professionals for global competitiveness.

The National Commissioner of NDPC, Dr. Vincent Olatunji, who said this on Monday while presenting licence to IIM in Abuja, said granting of the licence was part of the commission’s measures to implement Executive Order 003 and 005.
Olatunji added that certifying data protection professionals in the country would reduce capital flight, create over 500,000 jobs in the sector, and encourage more people to be certified.
Promoting local content
While a few Nigerians with expertise in data protection had their training and certification abroad, Olatunji said having an institute to train and certify Nigerians locally would boost local content in the sector.
“We are trying to ensure the implementation of Executive Orders 003 and 005 to promote local content in Nigeria. Most of us who are certified data protection officers have international certifications; we paid some dollars to write exams as well as maintain the certificates. We are trying to domesticate this in Nigeria by having a national certification process” Olatunji said.
The NDPC National Commissioner said that with the size of Nigeria’s  population, the country  needs  over 500,000 certified data protection officers. And if prospective candidates are to pay for the certifying examination in dollars, it will lead to capital flight.
Expansion to Africa
Olatunji also said that the commission is considering adopting the licensing across Africa. According to him, the Commission is working towards having a pan-African initiative, whereby data professionals have the national certification that is being offered in Nigeria and can also practice in any part of Africa.
“It is a way of creating jobs for our people, reducing capital flight, and developing global human capital in the data protection ecosystem” Olatunji said. He explained the Commission have also gone further to develop the training model which is unique to the organization  and will be used by  trainers in Nigeria.
He added that the licensing would also create jobs for already licensed Data Protection Compliance Organisations (DPCOs), who would be accredited to train prospective professionals to sit for data protection examinations. According to him, the national data protection certification will be a historic legacy that will transcend administrations and meet global standards.
Speaking on the licence, the President of the Institute of Information Management, Dr. Oyedokun Oyewole, recalled that the certification process commenced in 2021.
He said the licence would bridge the gap in the data protection ecosystem. Oyewole assured Nigerians of the institute’s commitment to be the best in the education system of data protection in the country.
Contact
Celestine AchiCell: +234-08099997175Email: [email protected]
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Data Center Security and Spending Skyrocket Amid AI Boom

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USA News Group Commentary Issued on behalf of Avant Technologies Inc.
VANCOUVER, May 31, 2024 /PRNewswire/ — USA News Group – With the artificial intelligence (AI) revolution fully underway, the importance and security of the data centers that power the new technology is surging. The role and preservation of these data centers is generating multiple calls for them and their power sources to be recognized as a matter of national security. Former Google CEO Eric Schmidt went so far as to predict that AI data centers will one day be “on military bases surrounded by machine guns,”  as stated in an interview with Noema Magazine. According to analysts at Dell’Oro Group, data center spending is forecast to grow at an astounding 18% CAGR over the next 5 years. Behind the scenes, tech companies are working tirelessly to provide new developments that will make this transition go smoother, including from Avant Technologies Inc. (OTCQB: AVAI), Equinix, Inc. (NASDAQ: EQIX), Vertiv Holdings Co (NYSE: VRT), Iron Mountain Incorporated (NYSE: IRM), and Snowflake Inc. (NYSE: SNOW).

At the forefront of generative AI innovation, Avant Technologies Inc. (OTCQB: AVAI) has been perfecting its flagship product, Avant AITM. The cutting-edge AI system is praised for its machine and deep learning capabilities, making it suitable for a wide range of industries and applications. To explore future possibilities for its AI data center cloud infrastructure, Avant recently engaged Wired4Tech, a highly regarded AI infrastructure consulting firm.
“We are excited to engage Wired4Tech to benchmark the performance of an innovative, next-generation AI server,” said William Hisey, CEO of Avant Technologies. “By conducting rigorous benchmark testing of this promising server technology, we expect to validate its expected performance and cost-saving benefits.”
As part of the new agreement, Wired4Tech will carry out detailed performance benchmarking for Avant. This will include evaluating key metrics such as response time, throughput, CPU and memory usage, disk I/O, network latency, and error rates. A special focus will be placed on response time, analyzing how quickly the server responds to different actions to provide insights into its overall responsiveness.
Avant considers these metrics to be critical for evaluating the server’s ability to handle complex AI tasks both effectively and dependably. Furthermore, Wired4Tech will examine the server’s power usage and identify possible cost-saving opportunities.
Prior to this update, Avant Technologies revealed a bold initiative to create groundbreaking, proprietary AI software aimed at improving its next-generation data centers. Additionally, the company intends to implement AI-driven Zero Trust Architecture (ZTA) throughout its data center operations. The AvantAI™ platform has also been upgraded to feature intelligent, proactive monitoring and management capabilities for data centers.
Digital infrastructure company Equinix, Inc. (NASDAQ: EQIX) recently announced the availability of Dell PowerStore on its Equinix Metal, a new, enterprise-grade Storage as a Service (STaaS) solution. The new availability enables enterprises to unlock multicloud strategies with enhanced performance, security and control, by marrying Equinix’s cloud adjacency and Dell’s leading storage solutions.
“Businesses need storage solutions that allow them to be more agile and get the most out of their hybrid multicloud architectures,” said Merrie Williamson, Chief Customer and Revenue Officer at Equinix. “By combining the powerful capabilities of Dell PowerStore with Equinix’s global platform, we are giving them the low-latency, high-performance connectivity they require without sacrificing on security or breaking their budget.”
The Dell PowerStore on Equinix Metal service offers businesses an easy way to manage and deploy their storage, computing, and networking needs worldwide. This service helps reduce the complexity and costs of running IT operations. It’s a dedicated storage solution designed for environments close to the cloud, giving customers quick, secure, and scalable access to public cloud providers through Equinix’s numerous data centers. This means businesses can efficiently connect to the cloud and manage their infrastructure with less hassle.
Ahead of this year’s Datacloud Global Congress 2024 where its CEO Giordano Albertazzi is set to join a keynote panel, Vertiv Holdings Co (NYSE: VRT) launched its new AI hub, featuring the industry’s first AI reference design portfolio for critical digital infrastructure.
The new Vertiv AI Hub offers a variety of helpful resources like white papers, industry research, and tools. It also includes information on power and cooling solutions for both new and existing facilities. Their new design library showcases flexible cooling and power systems that can handle both current and future computer chip needs, supporting anywhere from 10 to 140 kilowatts per rack.
“We are committed to providing deep knowledge, the broadest portfolio, and expert guidance to enable our customers to be among the first to deploy energy-efficient AI power and cooling infrastructure for current and future deployments,” said Albertazzi. “Our close partnerships with leading chipmakers and innovative data center operators make us uniquely qualified to help our customers and partners on their AI journey.”
Known for being a top company in storing paper documents and backup tapes, Iron Mountain Incorporated (NYSE: IRM) is expanding its data center network by opening a new data center in Toronto, Canada. The new facility is designed to support growth in its online backup services, Connected Backup and LiveVault, which provide automated backups for desktop PCs and specializes in server backups, respectively.
“In addition to opening the data center in Canada, Iron Mountain Digital is actively broadening its global data center presence and in the process of opening a series of data centers outside of the U.S. and Canada, to better support our customers wherever they do business,” said John Clancy, president of Iron Mountain Digital, the technology arm of Iron Mountain. “We’ve had a growing demand from our customers worldwide for data protection solutions and services.”
AI Data Cloud company Snowflake Inc. (NYSE: SNOW) recently released its financial results for Q1 2025, which included a 33% year-over-year growth in revenue, and a net revenue retention rate of 128%. The growth numbers came shortly ahead of Snowflake CEO Sridhar Ramaswamy’s scheduled fireside chat at the company’s 6th annual Snowflake Data Cloud Summit 2024 alongside NVIDIA Founder and CEO Jensen Huang.
“We finished our first quarter with strong performance across many of our key metrics,” said Ramaswamy in the Q1 2025 financials report. “Product revenue was up 34% year-over-year at nearly $790 million, while remaining performance obligations were $5.0 billion, up 46% year-over-year. Our core business is very strong. Our AI products, now generally available, are generating strong customer interest.”
As of the financial results release, Snowflake has 485 customers with trailing 12-month product revenue greater than $1 million, and 709 Forbes Global 2000 customers. Snowflake also announced its intent to acquire certain technology assets and hire key employees from TruEra, an AI observability platform. TruEra provides capabilities to evaluate and monitor large language model (LLM) applications and machine learning models in production.
Source: https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/ 
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