The global market for building information modeling products and services for 2012 was predicted to hit $1.8 billion, according to market intelligence firm Pike Research (now part of Navigant). Sales of BIM software and services—such as training, support, and project management—are expected to grow at a compound annual rate of 17.3%, to a market value of $6.5 billion in 2020.
Related Stories
| Aug 27, 2014
Turkish government orders demolition of residential towers in Istanbul
Citing negative effects to a world heritage site, the Turkish central government has ruled that the recently completed OnaltiDokuz Residence towers must be demolished.Â
| Aug 27, 2014
Ranked: Top sports facility sector AEC firms [2014 Giants 300 Report]
Populous, AECOM, and Turner head BD+C's rankings of the nation's largest sports facility design and construction firms, as reported in the 2014 Giants 300 Report.
| Aug 27, 2014
Frank Lloyd Wright’s Taliesin school of architecture faces accreditation loss
The Frank Lloyd School of Architecture may be stripped of its ability to confer Master of Architects students based on a revised by-law of the Higher Learning Commission.
| Aug 27, 2014
Survey of NCAA athletic directors reveals strong demand for new facilities, fan amenities
More than 80% of college athletic directors plan to make significant investments in facilities over the next five years to target potential recruits and spectators, according to a new survey by AECOM and Ohio University.
| Aug 26, 2014
6 lessons from a true IPD project: George Washington University Hospital
In its latest blog post, Skanska shares tips and takeaways from the firm's second true integrated project delivery project.
| Aug 26, 2014
Ranked: Top industrial sector AEC firms [2014 Giants 300 Report]
Stantec, Jacobs, and Turner top BD+C's rankings of the nation's largest industrial sector design and construction firms, as reported in the 2014 Giants 300 Report.
| Aug 26, 2014
High-rise concept uses 'sky street' to link towers [slideshow]
The design for a new complex in Shenzhen’s bay area consists of highly reflective glass towers, expansive garden space, and a horizontal glass structure that connects the buildings.
| Aug 25, 2014
Restoration of quake-ravaged Atascadero City Hall affirms city’s strength [2014 Reconstruction Awards]
The landmark city hall was severely damaged by the San Simeon earthquake in 2003. Reconstruction renewed the building’s stability, restored its exterior, and improved the functionality of the interior.Â
| Aug 25, 2014
Ranked: Top cultural facility sector AEC firms [2014 Giants 300 Report]
Arup, Gensler, and Turner head BD+C's rankings of design and construction firms with the most revenue from cultural facility projects, as reported in the 2014 Giants 300 Report.
| Aug 25, 2014
Tall wood buildings: Surveying the early innovators
Timber has been largely abandoned as a structural solution in taller buildings during the last century, in favor of concrete and steel. Perkins+Will's Rebecca Holt writes about the firm's work in surveying the burgeoning tall wood buildings sector.