The construction industry is no stranger to change, but the biggest technological trend to watch is the transition to digital delivery. With the projected growth of the global Building Information Modelling (BIM) market to reach US$10.7 billion by 2026, this transformation is not only happening but is gaining momentum.
This upward trend represents a 12.5% compound annual growth rate, with North America expected to lead the charge, accounting for over 30% of the global BIM market. As the construction industry continues to evolve, it’s becoming clear that digital delivery is not only the future but the present of this vital industry.
As technology advances, it’s no surprise that the construction industry is following suit with a transition to digital delivery. By utilising highly accurate digital twins, data-driven decisions can be made across every step of the Design-Build-Manage lifecycle. From early scoping to ongoing asset management, digital delivery adds value each step of the way.
This technology prevents clashes from being an issue, which decreases rework, material wastage, and overall costs. It’s exciting to see the construction industry embrace digital solutions, and it will be fascinating to see how this continues to evolve in the future. Construction companies must adapt to the current times and ensure they are taking full advantage of digital delivery solutions.
With the growth rate projected to continue increasing over the next five years, now is the time to ensure your business is up to date with all the latest technology advancements to stay ahead of the competition.