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The Virtual Construction Market Sees Rapid Growth

The Virtual Construction Market Sees Rapid Growth The construction industry is increasingly adopting a variety of new technologies. Many of these technologies involve virtual design and visualization. And they range from Building Information Modeling (BIM) to Construction Management Software. Virtual design and construction (VDC) describe the growing use of virtual environments to engineer and visualize the construction of structures before they’re actually built in the physical world. These virtual environments can be accessed via desktop, and mobile devices, along with augmented and virtual reality hardware. And there’s no wonder why this is catching on. It’s estimated that reworks of faulty or incorrect builds account for nearly 30% of construction industry costs. Virtual design helps cut down on this by allowing builders to first build structures in a virtual environment. Building Information Modeling (BIM) is probably the most popular VDC tool. It allows architects, engineers, or anyone else to generate a virtual model of a physical building or structure As of 2023, the BIM market was worth $8.06 billion and is expected to grow to $9.43 billion this year.  The construction industry took somewhat of a hit during the pandemic. But it is expected to rebound over the next few years. North America is expected to be the market leader over this time period, capturing over 30% of the market. Expected growth and market share of the North American BIM market between 2021 and 2025. McKinsey found that BIM technology has now achieved an adoption rate of about 60-70%. However, this adoption has been relatively slow, taking about 35 years. The last decade, though, offers some hope. NBS’s 2020 BIM Report found that 73% of its respondents were using BIM as of 2020. Compare this to 2011, when almost half of all NBS respondents had never heard of BIM. Combined with modular construction and prefabrication, BIM is consistently helping construction firms maintain budgets and keep tight construction schedules.   Source: Dodge Data & Analytics Construction Management Software (CMS) is also now an important tool for many major construction companies. Google search growth for “construction management software” is up 133% in 10 years. A construction project is a very fragmented procedure. There are typically a variety of parties involved. And there are a lot of tasks happening at once. CMS helps construction managers by allowing them to store and access data, blueprints, and documents all in one place. The global construction management software industry is estimated to be worth $9.3 billion. It is expected to grow to $23.9 billion by 2031 (a CAGR of 10.2%). Autodesk is the largest player in the architecture and construction software market. The company brought in over $3.2 billion in 2020 revenue. Its AutoCAD, BIM 360, and REVIT technology are basically the standard in virtual modeling. Its traditional AutoCAD software is used by 85% of the market. And it’s estimated that the company captures about 31% of the overall market. Autodesk’s software consistently ranks at the top of industry best lists.

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2025’s top construction conferences – Relevatech Group

2025’s top construction conferences Construction Dive rounds up the industry conferences, expos and meetings on tap this year. s 2025 kicks into gear, contractors are planning not only their projects and goals, but which industry events and conferences they’d like to attend. To help with that effort, Construction Dive has compiled its annual list of these 2025 events, along with their dates, locations and areas of expertise.  Major education topics at these conferences will include new technologies such as artificial intelligence in construction, business strategies, building techniques and the future trajectory of the industry. A full list of conference information is located below the table. Please check conference websites regularly, as details are subject to change. Also remember to return here for updates and new information as we receive it from the organizers of construction’s most attended events. World of Concrete*  Jan. 20-23Las Vegas The largest event for masonry and concrete professionals in the world, attended by more than 60,000 people, will be held at the Las Vegas Convention Center.  Construction Safety and Health Conference  Jan. 22-24Jacksonville, Florida Hosted by the Associated General Contractors of America, the Construction Safety and Health Conference is an event for safety professionals and consultants, with events dedicated to networking and demonstrating the most up-to-date health and safety practices and products in the industry.  The International Surface Event*  Jan. 27-30Las Vegas This conference for flooring and tile professionals features educational sessions, networking opportunities and speakers. The event also features the “Startup Station” for new businesses in the space. SafetyFocus  Feb. 3-7Las Vegas SafetyFocus, the American Society of Safety Professionals’ second-largest education event, will use case studies, real-life examples and proven successes to explore key issues and provide new perspectives and strategies to help solve real-world safety and health challenges. International Roofing Expo*  Feb. 19-21San Antonio The largest roofing and exteriors event in North America, the conference boasts hundreds of exhibitors and more than 60 educational sessions for contractors of all experience levels, with attendees from more than 55 countries. Associated Builders and Contractors Convention  Feb. 25-27Las Vegas ABC’s national convention in Las Vegas will feature competitions and industry insight sessions. New York Build Expo  Mar. 12-13New York City The largest conference on construction and design in the New York City area will feature more than 400 exhibitors and is officially supported by New York state. The conference is also free to attend. International Mass Timber Conference  March 25-27Portland, Oregon The conference boasts the largest gathering of cross-laminated timber professionals in the world. The event focuses on construction and manufacturing, as well as design and development. It will also feature building and facility tours in the Portland area. Association of the Wall and Ceiling Industry Convention + Expo March 31 – April 3Charlotte, North Carolina The annual convention will feature discussions about materials relevant to the construction of walls and ceilings. It will provide the opportunity for businesses to connect through networking receptions and panels, along with a plethora of exhibitors. World of Modular  April 7-10Las Vegas Attendees of the Modular Builder Institute’s annual conference and trade show will have the opportunity to connect directly with MBI staff and network with modular builders and professionals from around the world. The Associated General Contractors of America Convention  April 8-10Columbus, Ohio The AGC of America’s annual conference will once again be held in Columbus, Ohio. It will feature panels and networking opportunities to help contractors stay on top of a changing industry. Advancing Preconstruction Conference May 21-23San Diego This conference is for professionals who want to improve the design phase of their projects, particularly regarding cost and scheduling. The event will include topics such as the post-pandemic outlook, with a focus on BIM and MEP trades. ENR FutureTech May 6-7San Francisco Intended for business and IT leaders in the construction industry, FutureTech helps construction technology professionals stay on the cutting edge of their industry. CEA National Issues Conference May 6-8Washington, D.C. An annual conference from the Construction Employers of America, the conference focuses on key legislative and regulatory issues facing the union construction industry. The conference will host both regulators and congressional representatives. ULI Spring Meeting  May 12-14Denver The first of the Urban Land Institute’s two annual meetings incorporates networking opportunities and education sessions concerning the built environment, as well as tours of award-winning projects in the city. CFMA’s Annual Conference & Exhibition May 17-21Kissimmee, Florida At the Construction Financial Management Association’s annual conference, attendees have access to construction technology forums, roundtable discussions, general sessions and mini-conferences alongside social events and an exhibition hall. Building Innovation Conference  May 19-21McLean, Virginia The National Institute of Building Sciences event brings private industry contractors together with government officials and employees. The 2025 NIBS conference will feature 65 speakers and 25 educational sessions. American Institute of Architects National Conference  June 4-7Boston The 2025 conference is scheduled to be held in Boston. The 2024 iteration featured more 600 exhibiting companies and 30 sponsors among 15,000-plus attendees.  Groundbreaking Women in Construction Conference June 8-10San Diego The GWIC conference is designed to help women network, gain industry knowledge and advance their careers in construction.  Hexagon Live Global 2025 June 16-19Las Vegas This tech conference promises to bring together experts from around the world. Attendees can learn about the latest developments in AI, digital twins and robotics. National Association of Women in Construction Annual Conference  Aug. 22Boston The conference, which has both women and men as attendees, features multiple education tracks on leadership, career building and construction trends, with a focus on technology and personal development. Autodesk University Conference  Sept. 15-18Nashville, Tennessee Autodesk University is for attendees from architecture, engineering and construction fields. Sessions in previous years explored how to better use BIM and other new technologies to improve building construction, design and engineering.  ASCE Convention Oct. 8-11Seattle Attendees of the American Society of Civil Engineers annual conference will learn the latest on how labor, climate change and artificial intelligence will affect the building industry. Procore Groundbreak  Oct. 14-16Houston Groundbreak is construction tech giant Procore’s annual event. Tech professionals can network and learn