Virtual design helps reduce these costs by allowing builders to see their structures in a virtual environment before they are built, which accounts for nearly 30% of construction costs. Demand for 3D construction design software that can create detailed floor plans and renderings is expected to rise.
Building information modelling (BIM) is another type of virtual design technology that is rapidly gaining popularity. Over the next five years, this technology is expected to grow at a 14.5 percent compound annual growth rate (CAGR).