Urban Planning Software And Services Industry Overview
The global urban planning software and services market size is anticipated to reach USD 192.35 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.2% from 2021 to 2028. Urban planning is one of the most crucial aspects of any country’s development plans as it involves the development and efficient use of land, public welfare, and ensures the safety of the environment. Urban planning is a heterogeneous and complicated process that comprises utility systems, distribution chains, communication networks, infrastructure, and several other elements and processes. Urban planners are adopting urban planning software and services to handle such intricate processes and conceptualize urban designs and plan layouts.
Urban Planning Software And Services Market Segmentation
Grand View Research has segmented the urban planning software and services market based on component, deployment, end-user, and region:
Based on the Component Insights, the market is segmented into Software, Service.
- The service segment is anticipated to register the highest CAGR of 5.1% over the forecast period. This can be attributed to the growing demand for infrastructure planning, building planning, advisory, and digital services by urban planners.
- The software segment accounted for the largest revenue share in 2020 and is expected to retain its dominance throughout the forecast period. The growth of the software segment can be attributed to the increase in technology investments by governments for urban development.
Based on the Deployment Insights, the market is segmented into Cloud-based, Web-based.
- The cloud-based segment accounted for the largest revenue share in 2020 and is expected to retain its dominance throughout the forecast period. In addition, the segment is also expected to grow at the highest CAGR of 4.5% throughout the forecast period. This can be attributed to the increase in awareness and popularity of cloud-based software deployments among organizations.
- Benefits such as flexibility, enhanced computing power, and cost-efficiency are also driving the demand for cloud-based solutions. The web-based segment is expected to account for a significant market share in 2020 and is expected to maintain its position over the forecast period.
Based on the End-user Insights, the market is segmented into Government, Real Estate and Infrastructure Companies.
- The real estate and infrastructure companies segment is expected to register the highest CAGR of 4.9%. The growth of this segment can be attributed to the growing focus of governments globally on infrastructural development projects as an increasing number of people are moving to urban areas in search of jobs.
- The increasing availability of advanced solutions catering to real estate and infrastructure companies and the wide range of benefits associated with them are also driving the market across this segment.
- The government segment accounted for the largest revenue share in 2020 and is projected to retain its position over the forecast period. This can be attributed to the increased investment of government entities in smart city technologies, projects, and other technological infrastructure for the welfare of society.
Urban Planning Software And Services Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa (MEA)
Key Companies Profile Market Share Insights
The market has a fragmented competitive landscape as it features various global and regional market players. Leading industry players are adopting strategies such as partnerships, collaborations, mergers and acquisitions, and agreements to survive the highly competitive environment and enhance their business footprints.
Some prominent players in the global urban planning software and services market include
- AECOM
- Autodesk Inc.
- Bentley Systems
- Boston Consulting Group
- esri
- Holistic City Limited
- SketchUp
- SAVANNAH SIMULATIONS AG
- Stantec
- UrbanFootprint
Order a free sample PDF of the Urban Planning Software And Services Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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