The global urban planning and design software market was valued at US$ 2.9 billion in 2021 and it is anticipated to grow up to US$ 5.2 billion by 2031, at a CAGR of 5.8% during the forecast period.
New York, According to a new market research report published by Global Insight Services “Urban Planning and Design Software Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Urban planning and design software is used to plan urban layouts and design three-dimensional (3D) models of urban environments. Architects and city planners use urban planning and design software to conceptualize how their urban designs would look in the actual world. By creating 3D visualizations, urban designers can enhance their urban planning proposals and design urban layouts that abide by city zoning rules. Urban planning and design software is often used by architects, city planners, or any creative department involved in designing an urban environment’s layout. Users can integrate geographic information systems (GIS) software into their urban planning and design software to automatically import structures that already exist in the actual world. This saves users time and allows urban planners to build around the preexisting infrastructure of an urban environment.
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Market Drivers and Trends
The increasing global urban population is one of the primary factors driving the overall urban planning and design software market. The population in the global urban areas is growing continuously. For instance, in September 2021, according to an article published by StatisticsTimes.com, the world’s urban population will grow from 4.5 billion in 2021 to 6.7 billion by 2050. The most urbanized regions include North America, Europe, and South America. Moreover, the level of urbanization in APAC and the MEA is also growing at a significant rate.
The continuous growth in the global population in urban areas will push the need to construct new infrastructures such as residential and commercial buildings, thereby requiring urban planning and design software to construct infrastructure. Hence, the increasing population in urban areas is boosting market growth.
Market Restraints and Challenges
In open source, developers take an existing application/program in the open-source market, make improvements, add features, and share their modifications with the community for everyone’s benefit. On the other side, closed source software (known as proprietary software) belongs to a company/individual that licenses the software and has sole rights to distribute the code.
While open-source software may be free to use in terms of price, furthermore, there are many other reasons open-source software can be the better choice overall for business needs, including access to a talented community of developers and the flexibility to integrate other pieces of technology within the software. Further, many good reasons why more companies are turning to open-source software exist. Firstly, expert developers continuously monitor and improve open-source software, catching and fixing bugs collaboratively. This leads to reliable, stable, and performant software that works across various environments. Secondly, open-source software is attractive for multiple businesses due to there are no up-front costs to download the code and start working with it. Thirdly, available source code leads to greater longevity and stability of the open-source product, as it can’t be phased out, such as proprietary software, which is at the mercy of a commercial vendor. Thus, the rising availability of open-source software is acting as a restraining factor for the global urban planning and design software market.
Global Urban Planning and Design Software Market by Deployment Type
Based on deployment type, it is bifurcated into on-premise and cloud-based. The cloud-based segment is expected to dominate the market during the forecast period. Over the years, the demand for cloud-based systems is expected to grow substantially due to the cloud-based urban planning and design software offering enhanced flexibility, scalability, and security to its users. Further, it allows the end users to receive automatic software updates without additional capital expenditures, improving technology competitiveness. Due to these factors mentioned above, the cloud-based urban planning and design software is expected to dominate the market during the forecast period.
Major Players in the Global Urban Planning and Design Software Market
The key players studied in the global urban planning and design software market are Bentley Systems, Incorporated (US), CityCAD Technologies Limited (UK), Esri (US), IBI Group Inc. (Canada), Lumion (Netherlands), Modelur (Slovenia), SimWalk (Switzerland), SketchUp (US), Spacemaker (Autodesk, Inc.) (US), and UrbanFootprint, Inc. (US).
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Reasons to buy Urban Planning and Design Software Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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