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
The global urban planning software and services market size is expected t-reach USD 210.22 billion by 2030 according t-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 int-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 t-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.
Moreover, the rising initiatives for the development of smart cities around the world are als-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 t-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 als-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 als-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 t-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 t-assist customers t-boost their digital initiatives and accomplish better project results and digital tools t-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)
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