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The Global Urban Planning Software Market size is estimated to grow by USD 3,459.42 million at a compound annual growth rate (CAGR) of 7.19% between 2022 and 2027. The growth of the market depends on several factors, including the increased investment in infrastructure projects, the growing focus on building smart cities, and the growing middle-class population.
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One of the key factors driving the market growth is the growing middle-class population. The increasing middle-class population in developing countries in APAC, South America, and MEA is expected to significantly contribute to the market growth. In addition, there is an increase in per capita income due to the rapidly increasing economic activities in developing economies such as China, India, Argentina, Indonesia, and South Africa.
Moreover, the rise in the gross domestic product (GDP) per capita in these countries is also fuelling the rise in the disposable income of the population. In addition, a majority of the population is opting for long-term investment opportunities due to factors such as rapid industrial, manufacturing, and economic developments in these countries, fuelled by urbanization. As a result, there is an increasing adoption of software for different real-estate projects. Hence, such factors are positively impacting the market which, in turn, will drive the growth during the forecast period.
A key factor shaping the market growth is the use of blockchain technology in software. There is a rapid advancement in technologies that can resolve the challenges associated with the openness of data and procedures in the market. The advent of blockchain technology enables transparency at all levels of activity in urban planning making it effective.
Moreover, the main advantage of using blockchain in urban planning is that there is a reduction in fraud and transaction duplication as every record is encrypted. Furthermore, the implementation of blockchain offers smooth and quick transactions by doing away with the necessity for a middleman. Hence, such factors are positively impacting the market trends which in turn will drive the market growth during the forecast period.
The threat of open-source urban planning software is one of the key challenges hindering growth. There is a growing popularity for open-source software which poses a significant threat to the market. There is an increasing preference for open-source software as it is widely available on the Internet and can be downloaded easily.
Moreover, open-source software provides cost benefits and scalability in addition to transparency. There is increasing adoption of open-source software among organizations with limited budgets instead of paid software. Hence, such factors are negatively impacting the market which in turn will hinder the growth during the forecast period.
The cloud-based segment is estimated to witness significant growth during the forecast period. There is an increasing adoption of cloud-based urban planning software across enterprises and governments in order to meet the growing demand for customization, agility, and scalability. The main advantage of this segment is that it provides all the related processes on a single interactive screen, which enables a productive and collaborative development process.
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The cloud-based segment was the largest segment and was valued at USD 4,468.97 million in 2017. In addition, the cloud-based segment essentially lowers the risk of data incongruency and increases the availability of real-time data thereby enabling more efficient resource use and management. Therefore, such benefits of the cloud-based segment are fuelling its adoption and significantly contributing to the growth of this segment. Factors such as operational demands, an increase in resource management, responsiveness toward current strategies, the implementation of new business strategies, and an increase in various government and military programs are expected to fuel the growth of this segment which in turn will drive the growth during the forecast period.
The growing demand for urban planning software in the government segment will increase the market growth. There is an increasing focus by government organizations on services including building operations and control, coupled with legislative buildings, embassies, and smart cities. For instance, in the US, the federal government focuses on using sustainable building design to achieve the energy efficiency of buildings. There is a major role for management in the management of cities and airports, and urban planners have a vital responsibility in ensuring the seamless operation of facilities. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the growth during the forecast period.
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Europe is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Another region offering significant growth opportunities to market players is North America. One of the main factors that are significantly contributing to the growth of the market in North America is the early adoption of technologies in the region. Several factors such as the growing adoption of smart cities, the adoption of digital technologies, and connected infrastructure to the existing megacities in the region are positively impacting the market growth in the region.
Moreover, there is an increasing adoption of software due to the expansion of cities in several regions of North America such as Chicago, New York City, Los Angeles, Calgary, Vancouver, Seattle, Toronto, Boston, and Mexico City. Furthermore, the maturity of the sector results in an abundance of use cases that eventually lead to a faster rate of technology adoption. Hence, such factors are expected to drive the growth in North America during the forecast period.
The market growth analysis report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3IXAM SOFTWARE LLC: The company offers 3IXAM, a comprehensive suite of features to design and visualize futuristic cityscapes.
AgiliCity d.o.o: The company offers Modelur for architects, urban designers, and planners with all the essential tools needed to easily test multiple urban massing options in the 3D modeling environment.
Alphabet Inc: The company offers Sidewalk Labs LLC namely Delve which empowers real estate teams to design better, faster, with less risk.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 17 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The Global Urban Planning Software and Services Market witnesses growth driven by the increasing urban population and the need for efficient urban management solutions. With computers and software integral to conventional business models, governments allocate budgets for infrastructure planning, utilizing urban planning software for building and institutional planning capacity. Smart city technologies and projects further boost demand, with a focus on suburban areas and cities. Real estate and infrastructure companies invest in digital services, including web-based segments, to streamline processes. With initiatives like the United Nations' new infrastructure initiative, the market experiences expansion, facilitated by components like advisory services and smart city technologies, underpinning the growth of the global IT industry.
The market research and growth report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Urban Planning Software Market Scope |
|
Market Report Coverage |
Details |
Page number |
161 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.19% |
Market growth 2023-2027 |
USD 3,459.42 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.66 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 34% |
Key countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3IXAM SOFTWARE LLC, AgiliCity d.o.o., Alphabet Inc., Autodesk Inc., Bentley Systems Inc., CityCAD Technologies Ltd., Esri Global Inc., Lumion, Nextsense, Savannah Simulations AG, Strategis Groep BV, Trimble Inc., UrbanFootprint Inc., UrbanSim Inc., Urpla Pty Ltd., and Sasaki Associates Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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