Building Information Modelling (BIM) is quickly becoming a crucial element in construction projects and engaging deeply with BIM technology considerably increases more than 50% of the project’s ROI based on Dodge Data & Analytics. According to Evolve Business Intelligent, the global BIM construction market is expected to grow from US$6.6 billion in 2022 to US$13 billion by 2033, growing at a CAGR of 14.5% from 2023 to 2033. Moreover, Asia Pacific is expected to be the fastest-growing region with a CAGR of 19.1% from 2023 to 2033.
Across the Southeast Asian region, few countries are intensifying their BIM adoption rate. Arcadis’ research found that Philippines is the frontrunner on the digital maturity curve with more than 60% of companies in the AEC industry applying BIM in their projects. The Malaysian government, through their Public Works Department will ensure 50% of the projects worth US$2.5 million and above will use the BIM mechanism, with a 10% increase rate in the subsequent years before 2025. In recent years, Singapore, through the BCA came up with the second roadmap which aims to drive BIM collaboration throughout virtual design and construction for facility management and smart cities. Also, the Indonesian government has committed to accelerating development of the future capital Nusantara by utilising BIM technology.
It’s just a matter of time when BIM techniques will completely replace the traditional methods of construction. Join us at the 5th Annual BIM Summit by Trueventus to stay at the forefront of innovation in the BIM technology and be a part of shaping the future of BIM. Learning directly from BIM experts on how to apply effective streamline workflows, improve productivity, generate stronger profit margins and take advantage of the excellent networking opportunities throughout the summit.