The global urban planning software and services market size is expected to reach USD 210.22 billion by 2030 according to a new study by Polaris Market Research. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing population in the urban regions is directly associated with industry growth. For instance, in 2050, approximately 68% of the global population is likely to live in urban areas, as per United Nations (UN) estimates. Additionally, factors like growing expenditure on non-residential construction projects and high investment in applications and computers are further propelling the demand for urban planning software and service.
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Moreover, the rising initiatives for the development of smart cities around the world are also acting as a catalyzing factor for industry development in the near future. The cloud-based segment is dominating the global industry with the highest revenue shares based on the deployment. This planning segment presents various advantages such as boosting computing power, pocket-friendly solutions, and offering enhanced flexibility.
Moreover, increasing responsiveness for the cloud-based by the population is further leading the industry growth. Whereas the web-based planning system shows the highest CAGR rate that leads to rising demand. The incorporation of other platforms and the growing penetration of web-based planning system solutions are fueling the industry demand over the forthcoming scenario. The increasing investments by the various regulatory bodies along with numerous further organizations for the development of smart cities are impelling the industry demand across the globe.
The expenditure of smart cities initiatives accelerates the demand as these solutions and planning software offer electronic service delivery, efficient traffic management, and public information & services. Moreover, these solutions also present apartment sharing applications, home energy automation, and smart parking solutions. Furthermore, the rising number of suburban cities and regions, rising spending on technologies, and exponential development of the global IT industry are also creating lucrative opportunities for major growth in the coming years.
Market participants such as Stantec, Autodesk Inc., Boston Consulting Group, Esri, UrbanFootprint, Bentley Systems, AECOM, Holistic City Software, SketchUp, and Savannah Simulations are some of the key players operating in the global market.
Various market players are launching new products in the global market to strengthen their market position. For instance, in November 2021, AECOM announced the introduction of its Digital AECOM that unites the firm’s digitally offered consulting services and products to assist customers to boost their digital initiatives and accomplish better project results and digital tools to improve the delivery of its customized solution and services.
Polaris Market Research has segmented the urban planning software and services market report on the basis of component, deployment, end-use, and region:
Urban Planning Software and Services, Component Outlook (Revenue – USD Billion, 2018 – 2030)
Urban Planning Software and Services, Deployment Outlook (Revenue – USD Billion, 2018 – 2030)
Urban Planning Software and Services, End-Use Outlook (Revenue – USD Billion, 2018 – 2030)
- Real Estate & Infrastructure Companies
Urban Planning Software and Services, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa