Urban Planning and Design Software Market Forecast to 2028
The global urban planning and design software market is expected to grow from US$2,916. 26 million in 2021 at 4,534 US$. 09 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2021 to 2028.
New York, April 21, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Urban Planning and Design Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Component, Deployment, and Application” – https://www.reportlinker.com/p06270051/?utm_source=GNW
The growth of suburban towns is due to the migration of the rural population in search of better employment and a better way of life. Global economists and urban planners have found that economic and infrastructure development in suburban areas is also one of the reasons for suburban growth.
According to an article published by Times Property in January 2022, employment opportunities are more centralized in the city center than in the suburbs. The population density of suburban towns peaks at less than 2 km from the city center due to better transportation and office facilities.
These are some of the major reasons for the growth of suburban areas in countries like India. Therefore, the future transformation of rural to suburban areas will require planning and design software for infrastructure development; it will also support the growth of the planning and design software market in the coming years.
Governments are shifting their focus from rigid decision-making to a centralized decision-making model due to benefits such as quick implementation of decisions, improved quality of work, and reduction of unnecessary costs. Additionally, other planners are deploying a centralized model that is more open to ecosystem partners and individuals in the value chain.
Therefore, the focus on deploying a centralized decision-making model in all countries creates opportunities for developers of planning and design software.
Impact of the COVID-19 pandemic on the global urban planning and design software market
Before the emergence of the COVID-19 pandemic, requirements for urban planning and design software were prevalent due to the growing global population.
According to World Bank data, ~55% of the world’s population (~4.2 billion people) lived in metropolitan cities in 2019. This trend kept increasing, and the need for infrastructure development was also increasing , further supporting the growth of the urban. planning and design software market.
In 2020, the COVID-19 pandemic adversely affected the growth of the planning and design software market owing to the fall in the manufacturing and construction industries. The pandemic has derailed the entire construction industry with the cancellations and postponements of several construction projects.
Additionally, as governments shifted their focus from development activities to healthcare, the market for planning and design software has been hampered.
In 2021 and 2022, the easing of containment measures and the resumption of manufacturing and construction activities in urban areas have had a positive impact on the growth of the planning and design software market. In addition, due to the increase in urban population, the requirements for urban planning have increased significantly.
According to data from the World Bank Group, by 2045 the global urban population will increase to 6 billion.
The growth of the planning and design software market has been affected by the fall in the manufacturing and construction sectors. However, the market for urban planning and design software will increase over the forecast period owing to the increase in urban population.
Based on components, the global urban planning and design software market is divided into software and services. In 2021, the software segment dominated the urban planning and design software market, accounting for a larger share of the market.
On the basis of deployment, the global urban planning and design software market is divided into on-premises and cloud-based. In 2021, the cloud-based segment accounted for a larger market share.
On the basis of application, the global planning and design software market is segmented into architects, urban planners and creative departments. In 2021, the architects segment accounted for the largest market share.
By geography, the urban planning and design software market is segmented into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). In 2021, North America accounted for the largest share of the global planning and design software market.
The overall urban planning and design software market size has been derived using primary and secondary sources. To begin the research process, extensive secondary research was conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves to gain an overview and forecast for the Planning and Design Software market with respect to all market segments. Additionally, primary interviews were conducted with participants from the industry to validate the data and obtain more analytical information on the subject.
Participants in this process include industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants such as valuation experts, research analysts and key opinion leaders, specializing in planning and design software. market.
Major companies operating in the urban planning and design software market include Bentley Systems Incorporated; Modeler; SINGLE STEP; sketch-up; urban footprint; Urbansim; T-Square Engineering, Inc.; Esri; limited holistic city; and Act-3D.
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