Urban Planning Software and Services Market Size Projected to Garner USD 215.3 Billion by 2030 growing at 4.4% CAGR - Exclusive Report by Acumen Research and Consulting
According to Acumen Research & Consulting, the Global Urban Planning Software And Services Market Size was worth USD 145.8 Billion in 2021 and is projected to be worth around USD 215.3 Billion by 2030, growing at a CAGR of 4.4% in the coming years
Urban Planning Software and Services Market Overview
The market for urban planning software and services is rapidly expanding, driven by rising urbanization and the need to build more sustainable and resilient communities. GIS, simulation, and modeling software advancements, as well as the increasing availability of data and sensor technology, are allowing for new ways to analyze and understand urban environments. Cities are under increasing pressure to become more resilient and sustainable, fueling demand for urban planning software and services that can assist in addressing these challenges. In addition, government policies and regulations governing urban development, land use, and environmental protection are driving demand for urban planning software and services.
Urban Planning Software and Services Market Statistics
- Global urban planning software and services market value collected USD 145.8 Billion in 2021, with a 4.4% CAGR between 2022 and 2030
- The Asia-Pacific urban planning software and services market occupied over 41% share in 2021
- North America urban planning software and services market growth is projected to record above 4.5% CAGR from 2022 to 2030
- Based on deployment, the cloud-based sub-segment gathered over US$ 88.9 billion in 2021
- Among end-users, the government sub-segment covered over 64% in 2021
- The growing popularity of virtual and augmented reality in urban planning is a key trend in the urban planning software and services market that fuels the industry demand
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Urban Planning Software and Services Market Dynamics
Government policies and regulations governing urban development, land use, and environmental protection are driving the value of the urban planning software and services market. As cities seek ways to optimize the use of data and technology to improve the quality of life for residents, the growing adoption of smart city initiatives is driving demand for urban planning software and services. Furthermore, the growing emphasis on public engagement and citizen involvement in urban planning is driving the economy for software and services that can help with this process.
However, urban planning software and services can be complicated and necessitate specialized technical expertise to use effectively, which some organizations may lack. Some urban planning software and services may be unable to integrate with existing systems and data, limiting their effectiveness and making information sharing difficult among various stakeholders. On the other hand, urban planning software and services may be created for specific purposes and may be incapable of adapting to changing needs or new types of data, limiting their long-term usefulness.
Urban Planning Software and Services Market Segmentation
The global urban planning software and services market is categorized into component, deployment, end-user, and geography.
- Based on the component, the market is bifurcated into software and services
- By deployment, the classification comprises cloud-based and web-based
- The end-user segment covers government and real estate and infrastructure companies
- The regional market is classified into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa
Urban Planning Software and Services Market Share
Based on components, the software segment dominated the market in 2021 and is expected to continue to do so in the coming years. The services sub-segment, on the other hand, is expected to grow at the fastest rate between 2022 and 2030.
According to the urban planning software and services industry analysis, the cloud-based deployment sub-segment has the largest market share, while the web-based sub-segment is expected to grow at the fastest CAGR between 2022 and 2030.
According to our market forecast for urban planning software and services, the government sub-segment will have the highest market share from 2022 to 2030. Real estate and infrastructure companies are gaining significant traction in terms of growth over the projected timeframe of 2022 to 2030.
Urban Planning Software and Services Market Regional Outlook
The Asia-Pacific region currently leads the market in terms of market share and is expected to continue to do so in the coming years. The Asia-Pacific region is rapidly urbanizing, and governments are looking for ways to plan for and manage the expansion of cities and communities. Governments in the Asia-Pacific region are heavily investing in smart city initiatives, and urban planning software and services can assist them in optimizing the use of data and technology to improve residents' quality of life. The Asia-Pacific region's economic growth and development are driving demand for urban planning software and services as the region continues to build and modernize cities and infrastructure.
The Asia-Pacific market is divided into countries, with China, Japan, and India expected to hold the largest market share. The Asia-Pacific market is also expanding due to the increasing adoption of emerging technologies such as IoT, Big Data, and AI. Ultimately, the Asia-Pacific urban planning software and services market is expected to grow significantly during the forecast period, owing to the region's increasing urbanization and government investments in smart city initiatives.
Urban Planning Software and Services Market Players
Some prominent urban planning software and services companies covered in the industry are Autodesk Inc., AECOM, Boston Consulting Group, Bentley Systems, Holistic City Software, Esri, Savannah Simulations, Stantec, SketchUp, and UrbanFootprint.
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Mr. Frank Wilson
Acumen Research and Consulting
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