It has been a while since BIM (Building Information Modeling) obligated itself as a necessity, not just a luxury. Like blueprints and CAD software that came before, BIM is now a standard practice in any construction project, but unlike past methods, BIM is highly intelligent and collaborative. Improved data transmission and coordination among numerous stakeholders, along with increased construction productivity, gives BIM users a competitive advantage. Omitting BIM, companies could lose up to millions due to higher project risks, to name one.
It is predicted that the Asia Pacific BIM market would grow by 19.1% CAGR during forecast window of 2020 – 2026. Southeast Asian countries, such as Malaysia and Singapore, are aiming for high adoption rate in the near future. The Malaysian ministry — through the Public Works Department (JKR) Strategic Plan 2021-2025 — has set the adoption of the mechanism to reach 80% by 2025. Singapore has reached 50% and now require all projects to be submitted via BIM e-submissions. Thailand, Indonesia, the Philippines and Vietnam are following suit in the definite path of a digital transformation through BIM adoption. Such government requirements are generating dollar opportunity for key market players.
No one can quite tell how BIM will develop in the years to come, but one thing is certain — we should all be there to follow it. After all, if the goal is to design and develop the best possible buildings, BIM is just the tool you need. Join us at the 4th Annual BIM Summit to gather insights into the various methods and digital tools used to ensure the best and most effective implementation of BIM to help maximize your BIM strategies.