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urban planning software services market

Urban Planning Software and Services Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Services); By Deployment (Cloud-based, Web-based); By End-Use; By Region; Segment Forecast, 2022 - 2030

  • Published Date: Feb 2022
  • Pages: 112
  • Format: PDF
  • Report ID: PM2248
  • Base Year: 2021
  • Historical Data: 2018 - 2020

Report Summary

The global urban planning software and services market was valued at USD 143.92 billion in 2021 and is expected to grow at a CAGR of 4.3% during the forecast period. Urban planning is the development process that covers both the technical and political concerns including the welfare of societies, protection of the environment, and the usage & development of land.

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Therefore, the urban planning tools help the government, real estate, and infrastructure companies in the layout of development plans and designs. Increasing investments in the construction of residential spaces on account of the rising urbanization, growing disposable income, and changing living standards of the population across developing nations such as India and China, among others, are anticipated to drive the demand for urban planning software and services.

The growing development of smart cities globally is anticipated to provide huge growth opportunities to the urban planning software and services market. Moreover, the growing efforts to improve the multi-modal network performance of road infrastructure are expected to drive the global growth of the industry.

The COVID-19 pandemic has had a negative impact on the urban planning software and services market. This is due to the imposition of lockdowns due to the COVID-19 outbreak. As the lockdowns were imposed, there was a halt on various major infrastructure development projects, hampering the growth of the industry.

Furthermore, the spread of the virus has had a negative impact on most of the end-users of the urban planning software and services industry, thus declining their demand. The governments across nations have diverted their focus towards the healthcare segment from infrastructure development activities. The above-mentioned factors are anticipated to burden the revenue trajectory of the global urban planning software and services industry. However, end-user industries are recovering from the outbreak, and the rising number of construction projects is anticipated to drive industry growth.

Industry Dynamics

Growth Drivers
The rising digital transformation of almost every sector globally is anticipated to drive the growth of the urban planning software and services market on account of the rising implementation of smart city initiatives globally. Furthermore, the various advantages offered by GIST (Geographic Information Science and Technology) are spawning various innovations across the industry. This technology is used to review the procedure of plans in order to help government bodies to adhere to standards and regulations.

The use of urban planning software and services by government bodies and real estate & infrastructure companies is anticipated to drive the urban planning software and services industry growth. These tools are used to conceptualize how the real-world designs would look. Using 3D visualizations, they can improve the design layouts for design layouts.

Further, the end-user can integrate GIS applications to automatically import the structures that already exist in the real world, helping the planner to construct around the already existing infrastructure. For instance, GIS helped plan the development of San Antonio city is collaborating with industry stakeholders to re-develop the city’s Broadway Corridor. Hence, these factors bring an upsurge in the demand in the impending years.

Report Segmentation

The market is primarily segmented on the basis of component, deployment, end-use, and region.

By Component

By Deployment

By End-Use

By Region

  • Software
  • Services
  • Cloud-based
  • Web-based
  • Government
  • Real Estate & Infrastructure Companies
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Component

The software segment garnered the largest revenue share and is anticipated to maintain its dominance in the coming years. This is attributed to the rise in technology investments by companies. Furthermore, the increasing adoption of software by key players in the services market is also anticipated to drive the growth of the segment.

However, the services segment accounts for the highest CAGR in the overall market. This can be acknowledged to the increasing demand for building planning, development planning, and infrastructure planning. Further, the extensive investment by the government of developing nations on city planning is expected to drive the services segment. Increasing investment in smart city projects along with the development of intelligent transportation systems is expected to offer lucrative growth opportunities to the services segment.

Insight by Deployment

The cloud-based segment of the urban planning software and services market is recorded with the largest share in 2021 and is expected to lead the market in the forecasting years. This huge share of the segment can be attributed to the benefits offered by cloud-based solutions, such as better flexibility, cost efficiency, and enhanced computing power, among others. Additionally, the rising focus on cloud computing and cloud-based deployments is expected to provide huge growth opportunities to the segment.

The web-based segment is also projected to experience considerable growth across the market. This growth can be attributed to the increasing popularity of web-based solutions. Further, the user's reduced focus on maintenance and the integration with other platforms is anticipated to drive the growth of the segment. 

Geographic Overview

Geographically, Asia Pacific is accounted with the highest shares in the global market in 2021 and is projected to dominate the industry over the upcoming scenario. This is due to the growing industrialization in developing nations such as China and India. According to the World Bank Group, China's urban population increased from 59% in 2018 to over 61% in 2021. Furthermore, the increasing number of smart city initiatives in the region is estimated to drive industry growth in the region. For instance, across ASEAN (Association of Southeast Asian Nations), there are over 26 ongoing smart city projects at present. In 2017, Japan and India collaborated over smart city initiatives.

In this collaboration, Japan is expected to assist India in the development of three smart cities, which include Varanasi, Chennai, and Ahmedabad. Moreover, in 2020, India’s investment in its smart city mission increased to over USD 28.3 billion. These factors are likely to drive the demand for urban planning software and services across the region. Further, the lucrative growth in the construction sector in major cities is anticipated to provide huge growth opportunities to the market in the region.

Moreover, North America is anticipated to have progressive growth during the forecast period. The progressive growth of the regional market can be attributed to the presence of key industry players in North America. Additionally, the growing focus towards eco-friendly and sustainable city infrastructures is expected to drive the growth of the industry. The market in this region is gaining traction across various applications including environmental impact assessment, waste management, water provision, and heritage preservation, among others. Furthermore, the rising construction activities across the region are estimated to drive market growth.

Competitive Insight

Some of the major players operating in the global market include AECOM, Autodesk Inc., Bentley Systems, Boston Consulting Group, Esri, Holistic City Software, Savannah Simulations, SketchUp, Stantec, and UrbanFootprint.

Urban Planning Software and Services Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 143.92 billion

Revenue forecast in 2030

USD 210.22 billion

CAGR

4.3% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million/billion and CAGR from 2022 to 2030

Segments covered

By Component, By Deployment, By End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key companies

AECOM, Autodesk Inc., Bentley Systems, Boston Consulting Group, Esri, Holistic City Software, Savannah Simulations, SketchUp, Stantec, and UrbanFootprint.

Key Take-Away
Polaris Market Research
Global Urban Planning Software and Services Market Size Report, 2022 - 2030