According to a report from Fortune Business Insights, the Building Information Modeling (BIM) market is projected to grow from USD 5.71 billion in 2020 to USD 11.96 billion in 2027 at a CAGR (compound annual growth rate) of 11.1% in the 2020-2027 period. The driving force behind this exponential growth is rapid urbanization with growing technological development and improvement of cities.