Blockchain Press Releases
Building Information Modeling (BIM) Software Market size worth $ 11.64 Billion, Globally, by 2027 at 19.41% CAGR: Verified Market Research®
The “Global Building Information Modeling (BIM) Software Market Size By Type, By Application, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Building Information Modeling (BIM) Software Market, including its growth prospects, market trends, and market challenges.
JERSEY CITY, N.J., Aug. 4, 2023 /PRNewswire/ — The Global Building Information Modeling (BIM) Software Market is projected to grow at a CAGR of 19.41% from 2020 to 2027, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 2.82 Billion in 2019 and is expected to reach USD 11.64 Billion by the end of the forecast period.
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Browse in-depth TOC on “Building Information Modeling (BIM) Software Market“
202 – Pages
126 – Tables
37 – Figures
Driving Innovation and Efficiency in the Construction Industry: Building Information Modeling (BIM) Software Market
As businesses and governments increasingly recognize the enormous potential of this technology to enhance decision-making for constructed assets, the global Building Information Modeling (BIM) Software Market is expected to flourish. The architecture and construction industries have undergone a revolution thanks to BIM’s ability to extract, exchange, and network computer files, which has drawn people, companies, and governmental organisations involved in the design, construction, operation, and maintenance of physical infrastructures like roads, railways, bridges, and more.
Market trends and expectations:
Several important reasons drive the building information modeling (BIM) software market, including:
- Growing Need for Infrastructure Development: As the world’s population expands, there is an increasing demand for infrastructure development, which presents a sizable market opportunity for BIM products.
- Requirements for Large-Scale Projects are Increasing: The adoption of BIM software is driven by the increase in demand for large-scale projects across numerous industries, which helps the market grow.
- Automation for Enhanced Productivity: Building information modelling systems are being adopted by construction organisations more frequently in order to automate operations, assure regular follow-up, and increase output and efficiency.
- Attractive Return on Investment (ROI): The deployment of BIM is associated with a high ROI, which is a major market growth driver.
- Growing Understanding of BIM and Its Advantages The need for BIM software is being further fueled by the industry’s growing understanding of the many advantages of BIM, including improved project efficiency and cost savings.
Technological breakthroughs and Cloud-Based Solutions: The market has grown significantly as a result of ongoing technological breakthroughs. Cloud-based solutions are enabling greater user inter-coordination, data management on remote servers, and accessibility and collaboration. The 3D model-based methodology has been crucial in drawing in the world market for BIM software
Key Players in Building Information Modeling (BIM) Software Market:
The market is dominated by well-known businesses at the forefront of innovation. Important players in the sector include Autodesk Inc., Nemetschek AG, Bentley System Inc., Trimble Navigations Ltd., RIB Software AG, Robert Mcneel & Associates, Siemens, AVEVA Group, Oracle Aconex, Beck Technology, IES, and Lubansoft.
Key companies always concentrate on financial statements, product benchmarking, and conducting thorough SWOT analyses to keep a competitive edge in the market. These procedures give businesses the ability to spot chances for expansion and improvement in their products, spurring additional industry innovation.
Market Outlook: The Building Information Modeling (BIM) Software Market is expected to grow rapidly over the upcoming years, with a good outlook. Market share will increase as organisations place more emphasis on resource management to enhance product outputs. Additionally, BIM technology advances and its numerous applications in various industries would promote ongoing market growth.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Building Information Modeling (BIM) Software Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Building Information Modeling (BIM) Software Market into Type, Application, And Geography.
- Building Information Modeling (BIM) Software Market, by Type
- 3D BIM – Design Model
- 4D BIM – Construction Dynamics
- 5D BIM – Cost
- 6D BIM – Built Facilities
- 7D BIM – Environmental Protection
- Building Information Modeling (BIM) Software Market, by Application
- Architect
- AEC Engineering Office
- Contractor
- Owner
- Others
- Building Information Modeling (BIM) Software Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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Blockchain
Russian Court Jails Finiko Crypto Scam Exec for Three Years
A Finiko executive has been sentenced to three years in prison by a Russian court for her involvement in what is described as the largest crypto scam in the post-Soviet era.
According to Izvestia, Liliya Nurieva, the former head of networks at Finiko, received a four and a half year sentence from a court in Vakhitovsky, Kazan on May 17. However, the court stated that it would take into account the time she had already spent in pre-trial detention as “time served.”
Despite prosecutors’ requests for a six and a half year sentence, the judge rejected them. Nurieva, who had faced a possible 10-year imprisonment, reached a “pre-trial agreement” with prosecutors.
Nurieva’s defense attorney announced her intention to appeal the verdict. She was convicted of fraud and organized crime-related charges.
Finiko, initially presented as a crypto “investment fund” in 2018, allegedly defrauded citizens of around $1.1 billion, according to the country’s Central Bank. Much of this sum remains unrecovered.
The unraveling of the project began in 2021, leading to the flight of many Finiko figures abroad. After an international manhunt, Interpol detained co-founder Edvard Sabirov in the UAE in late 2022, while co-founder Kirill Doronin was arrested in mid-2021.
However, Nurieva is the first Finiko executive to be convicted and sentenced.
Finiko promised investors an “automated profit-generating system” with returns of “up to 30%” on investments of $1,000 or more. It also offered various lending and financial services with lucrative terms.
The company allegedly employed Ponzi scheme tactics, using funds from new investors to pay off older ones. By mid-2021, its platforms became unstable, with customers reporting delayed payments. In June of that year, payments ceased entirely, the value of its cryptocurrency plummeted, and Finiko offices nationwide abruptly closed.
During its peak, Finiko enjoyed popularity on social media, and initial estimates suggested nearly 10,000 individuals invested in its platforms.
Nurieva’s defense argued that she was unaware of Finiko’s fraudulent nature upon joining and had invested her own money in the company. It wasn’t until later interactions with senior executives that she realized the scheme’s illegitimacy.
Some Finiko investors attended the trial, with one, Lyudmila Yamshchikova from Kazan, expressing disappointment over halted payments, which she had relied on for mortgage payments and other financial obligations.
Source: cryptonews.com
The post Russian Court Jails Finiko Crypto Scam Exec for Three Years appeared first on HIPTHER Alerts.
Blockchain
Hong Kong’s Crypto Ambitions Hit Snag: Can ETFs Steer the Ship?
Hong Kong’s launch of its first Bitcoin and Ether ETFs in late April aimed to capture part of the $55 billion US market. However, the ETFs have experienced investor outflows, perplexing analysts. Experts attribute this to concerns over China’s strict crypto stance and high management fees compared to US products.
Despite initial setbacks, some analysts remain optimistic. Bloomberg’s Rebecca Sin notes that total assets under management (AUM) exceed $250 million, indicating potential growth to $1 billion within two years. Hong Kong’s crypto journey is still unfolding, facing challenges from regulatory uncertainties and regional competitors like Singapore and Dubai.
On the Flipside
High Management Fees: Hong Kong’s ETFs have higher fees than similar US products, potentially deterring investors.
Regulatory Uncertainty: The evolving regulatory landscape in Hong Kong may create hesitancy among investors.
Institutional Adoption: Established financial institutions in Hong Kong may be slow to embrace crypto, limiting market growth.
Source: dailycoin.com
The post Hong Kong’s Crypto Ambitions Hit Snag: Can ETFs Steer the Ship? appeared first on HIPTHER Alerts.
Blockchain
Binance Web3 Wallet Introduces Yield Plus and Simple Yield
In a bid to offer its users more opportunities in the Decentralized Finance (DeFi) space, Binance Web3 Wallet has introduced two new ways to earn: ‘Yield Plus’ and ‘Simple Yield’. These new features will be accessible right within the Binance Web3 Wallet Earn section.
About Yield Plus Zone
The Yield Plus Zone is a unique feature designed to showcase projects with potential airdrops or additional yield opportunities. This feature will give users easy access to projects that offer multiple levels of rewards. The initial projects that will be included are Eigenpie, Kamino Finance, Lista Dao, Marinade, Ondo Finance, Renzo, StakeStone, and SolBlaze. Binance Web3 Wallet plans to announce exclusive campaigns in future updates through the Binance Web3 X account.
About Simple Yield Zone
The Simple Yield Zone allows users to earn an Annual Percentage Rate (APR) with stablecoins and other tokens by providing liquidity to lending protocols. When providing liquidity, users may receive both the Supply APR and Distribution APR, depending on the protocol chosen.
More on Binance Web3 Wallet
Developed with a commitment to innovation, security, and seamless user experience, the Binance Web3 Wallet is a secure, self-custodial crypto wallet integrated within the Binance App. It serves as a bridge between the Exchange and Web3, enabling users to interact with multiple blockchains, trade thousands of tokens, earn yield, and explore a selection of the best decentralized applications (dApps) all in one wallet.
Source: blockchain.news
The post Binance Web3 Wallet Introduces Yield Plus and Simple Yield appeared first on HIPTHER Alerts.
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