Will BIM replace CAD?

Could you elaborate on the potential of Building Information Modeling (BIM) to eventually replace Computer-Aided Design (CAD) in the architecture, engineering, and construction (AEC) industry? How do experts in the field perceive the two technologies and their roles in shaping the future of project management and design processes? Are there any limitations or challenges that BIM faces in becoming the dominant tool, and how does it compare to CAD in terms of functionality, collaboration, and cost-effectiveness? Additionally, are there any recent developments or trends that suggest BIM is gaining momentum over CAD?