Rapid growth seen in virtual construction market

According to recent reports, rapid growth is seen in the virtual construction market. The construction industry continues to adopt various new technologies. Many of those technologies involve virtual design and visualization. These include Building Information Modeling (BIM) to Construction Management Software.

One way to describe the growing use of virtual environments to engineer and visualize the construction of buildings before they are constructed is virtual design and construction (VDC). Virtual environments can readily be accessed by mobile devices, desktop computers and virtual reality and augmented hardware programs.

VDC is beneficial because it is estimated that 30% of all construction industry expenses are because of reworking faulty or incorrect builds. By incorporating VDC, one can reduce these faulty or incorrect builds and determine which approach is the best way to go when building in the physical world.

The most popular VDC tool is BIM because it allows various individuals, including architects, engineers and construction crews to see a virtual model of a structure or building before work commences or while work is underway. That way, any needed changes can be done before work continues or advances.

According to reports, the BIM market is worth $8.1 billion as of 2023 with North America leading the market – holding more than 30% of the current market. The market is continued to grow in the future as more construction companies are seeing the benefits of VDC and BIM and how it can help them with projects of all sizes.