DUBLIN–(BUSINESS WIRE)–The “Urban Planning and Design Software Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Component, Deployment and Application” report has been added to from ResearchAndMarkets.com offer.
Growing adoption of cloud-based software is driving the growth of urban planning and design software market
The market is expected to grow from US$2,916.26 million in 2021 to US$4,534.09 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2021 to 2028.
With digital transformation, the use of cloud-based platforms is increasing due to their simple and reduced deployment time and cost. Additionally, internet infrastructure is established in developed countries and flourishing in several developing countries, enabling end users to access cloud-based platforms. Some of the benefits of cloud-based urban planning and design software include secure hosting of critical data, improved security and scalability, and fast file retrieval.
Backups are stored on a private or shared cloud host platform. Therefore, organizations can quickly recover critical data from the server. Moreover, with a stable internet connection, data is easily accessible from anywhere via secure connections. Cloud-based urban planning and design software also reduces repair and maintenance costs and improves customer satisfaction. These benefits propel cloud-based solutions for integrating facility management services.
Several companies around the world are adopting cloud-based urban planning and design software platforms. For example, Spacemaker, Bentley Systems International, Holistic City Limited, and UrbanSim provide cloud-based urban planning and design software. Hence, its advantages will help architects, urban planners and creative departments to adopt cloud-based technology for urban infrastructure developments. Also, it meets the growing demand for cloud-based urban planning and design software globally.
Main results of the study:
In 2021, the software segment led the planning and design software market, accounting for a larger share of the market. The software can import 2D CAD files, 3D models, DEM data, aerial photographs and scanned data and use them to start project planning. With the click of a button, a few software uses its built-in geotagging capabilities to extract specific topographic images.
Providing 3D urban planning models in the form of accessible graphics and animations is easier with urban planning and design software. Hundreds of thousands of objects, ranging from buildings to automobiles to landscape features, are included in the 3D modeling software.
In 2021, the cloud-based segment led the planning and design software market. Cloud-based software differs from on-premises software in one key way. In an on-premises system, everything is hosted internally, but in a cloud environment, everything is hosted by a third-party provider.
This allows companies to pay as they go and scale their investments up or down efficiently, based on total consumption, user needs and business growth. A cloud-based server uses virtual technologies to store and run a company’s applications remotely. There are no upfront costs, data can be backed up periodically, and companies only pay for their use.
In 2021, the architects segment is leading the urban planning and design software market. Although typically concerned only with building design, architecture understands the importance of urban site selection and mixed-use programming to the social and financial health of a city. The architect’s innovative training and practice lead him to start successful projects on undervalued sites.
Due to this factor, the architect’s involvement in the development process should be included in the planning and site selection. This expanded role will result in more frequent and better quality urban development, with financial incentives for communities, developers and architects.
In 2021, North America accounted for the largest share of the global planning and design software market. In North America, the boom in renovations and new infrastructure projects is resulting in a thriving construction industry in urban areas. The growth of the planning and design software market will increase due to the 2D or 3D sketch plan used by architects, planners and creative services.
Key market dynamics
Market factors
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Increase in the world’s urban population
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Increased adoption of cloud-based software
Market constraints
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Availability of open source planning and design software
Market opportunities
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Increase the deployment of the centralized decision-making model
Future trends
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Growing use of planning and design software in suburban areas
Company Profiles
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Bentley Systems Incorporated
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Modeler
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Walk Sim
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sketchup
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Urban Footprint
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Urbansim
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T-Square Engineering, Inc.
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Esri
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Limited Holistic City
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Act-3D
For more information on this report, visit https://www.researchandmarkets.com/r/7k1fx