New York, March 28, 2022 (GLOBE NEWSWIRE) — The Insight Partners published latest research study on “Urban Planning and Design Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component (Software and Services), Deployment (On-Premise and Cloud-Based), and Application (Architects, City Planner, and Creative Departments)”, the global urban planning and design software market growth is driven by rising global urban population and increasing adoption of cloud-based software, growing use of planning and design software in suburban areas, increased investment in computers & software and increased spending on nonresidential development projects.
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|Market Size Value in||US$ 2.91 billion in 2021|
|Market Size Value by||US$ 4.53 billion by 2028|
|growth rate||CAGR of 6.5% from 2021 to 2028|
|No. of Pages||159|
|No. of Charts & Figures||67|
|Historical data available||Yes|
|Segments covered||Component, Deployment, and Application|
|regional scope||North America; Europe; Asia Pacific; Latin America; MEA|
|Country scope||US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
Urban Planning and Design Software Market: Competitive Landscape and Key Developments
SketchUp, ESRI, Bentley, Holistic City, Lumion, Modelur, SimWalk, UrbanFootprint, City Form Lab, and Urban ROI Designer are among the key players operating in the global urban planning and design software market. Several other players are also analyzed to understand the urban planning and design software market.
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In February 2022, Trimble Jobsite Connectivity Bundle linked 3D models and data across Trimble civil construction hardware and software solutions. It is developed to fill the gap between design and field. As the future of AEC (architecture, engineering, and construction) will be digital, an innovative launch of the Trimble Jobsite Connectivity Bundle would pay as a stepping-stone in future development.
In October 2020, SimWalk introduced BIM, upgraded with the features—supporting OpenBIM IFC format, BIM Conversion Tickets, and Simulation Plans in minutes. New Simwalk BIM is suitable for urgent projects completion as it extracts required data and automatically converts it for simulation plans with a few clicks. This updated feature will attract more customers toward BIM.
The rising global urban population is one of the major factors driving the overall urban planning and design software market. The population in the global urban cities/areas is increasing rapidly. According to an article published by StatisticsTimes.com, in September 2021, the world’s urban population will grow from 4.5 billion in 2021 to 6.7 billion by 2050. The article also states that a 90% growth would be witnessed in the global urban population from 2021 to 2050 in Asian & African continents. The most urbanized regions include North America, Europe, and South America. The level of urbanization in APAC and the MEA is growing at a significant rate.
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As per an article published by StatisticsTimes.com in September 2021, the global rural population is expected to decline to 3.1 billion by 2050. The continuous rise in the global population in urban areas will push the need to construct/build new infrastructures such as commercial and residential buildings, thereby requiring urban planning and design software to construct infrastructure. For example, SketchUp (Trimble Inc.) provides urban design software which helps planners complete their work from conceptual model to a proposal with the help of a computer-aided design (CAD) tool and geolocation tool in a SketchUp city planner’s toolbox. Hence, the growing population in urban areas is propelling the urban planning and design software market growth.
Urban Planning and Design Software Market: by Component Overview
Based on component, the global urban planning and design software market is bifurcated into software and services. In 2021, the service segment had a higher growth rate in the Urban planning and design software market. Urban planning and design services include professional services and managed services. Assessment and creation of design criteria for varied land uses are part of urban design. These designs can be used for microscale (street furniture and lighting) and macroscale (planning, zoning, and transportation & infrastructure networks). Some companies offer urban design services, such as research and analysis, policy and guideline formulation, guideline interpretation, and community design plans, to the private & public sectors and in urban & regional areas. Urban and regional planning encompasses zonal plans, master plans, development plans, regional plans, and medium & high-density urban redevelopment projects. It also provides governments, landowners, and nongovernmental groups with complete planning, approvals, and development management.
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Transportation planning is one of the urban planning and design services that provide essential capabilities that promote transportation solutions. Transportation planning and design can help cities expand more vibrantly by reducing demand for road infrastructure, improving multimodal network performance, increasing safety, and lowering construction and maintenance costs of traditional vehicle-oriented roadways. Rural planning also plays a vital role in the overall regional development. Rural planning reflects growth and social equality as part of the planning objectives. Thus, the adoption of urban planning and design software helps in implementing the transportation planning services efficiently, contributing to the urban planning and design software market growth.
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Urban Planning Software and Services Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Component (Software, Services); Application (Urban Planning, Regional Planning, Project/Site Planning, Others); End User (Government, Real Estate and Infra Companies) and Geography
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