According to our latest market study on "Urban Planning and Design Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Component, Deployment, and Application," the market is expected to grow from US$ 2,916.26 million in 2021 to US$ 4,534.09 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2021 to 2028.
Increasing Adoption of Cloud-Based Software Boosts Urban Planning and Design Software Market Growth
The utilization of cloud-based platforms is on the rise due to their simplicity and reduced deployment time and cost, thanks to the digital transformation. Moreover, the internet infrastructure is well-established in developed countries and is flourishing in several developing countries, enabling end users to access cloud-based platforms. Cloud-based urban planning and design software offer several benefits, including secure hosting of critical data, improved security and scalability, and quick file recovery. The backups are stored on a private or shared cloud host platform, enabling organizations to recover critical server data rapidly. Furthermore, with a stable internet connection, the data can be accessed from anywhere through secure logins. The utilization of cloud-based urban planning and design software also reduces repair and maintenance costs while enhancing customer satisfaction. These benefits drive the demand for cloud-based solutions for integrating facility management services.
Several businesses worldwide are adopting cloud-based urban planning and design software platforms. For instance, Spacemaker, Bentley Systems International, Holistic City Limited, and UrbanSim provide cloud-based urban planning and design software. Therefore, its benefits will help architects, city planners, and creative departments adopt cloud-based technology for urban infrastructural developments. Also, it supports the growing demand for cloud-based urban planning and design software globally.
Key Findings of Study:
The global market for urban planning and design software is categorized into software and services based on its components. In 2021, the software segment dominated the market, capturing a larger share. The software component enables the import of 2D CAD files, 3D models, DEM data, aerial photography, and scan data, which can be utilized to initiate project planning. Some software also includes built-in geolocation capabilities to retrieve specific topography images with a single click. Urban planning and design software also facilitates the delivery of 3D urban planning models as accessible graphics and animations. These software packages come equipped with hundreds of thousands of objects, such as buildings, automobiles, and landscape features, for 3D modelling purposes.
Based on deployment, the global urban planning and design software market is bifurcated into on-premise and cloud-based. The urban planning and design software market was primarily dominated by the cloud-based segment in 2021. Cloud-based software differs from on-premise software as everything is hosted by a third-party provider rather than in-house. This allows businesses to scale their investment according to total consumption, user needs, and company growth by paying as they go. Cloud-based servers use virtual technologies to remotely store and operate a company's applications, eliminating upfront costs. Additionally, data is periodically backed up, and businesses are charged only for their usage.
Based on application, the global urban planning and design software market is segmented into architects, city planners, and creative departments. The architects segment emerged as the leader in the urban planning and design software market in 2021. While architects typically focus on building design, they also recognize the significance of urban site selection and mixed-use programming in enhancing a city's social and economic well-being. Architects' creative expertise and practical experience enable them to initiate successful projects on overlooked sites. Therefore, involving architects in the development process is essential in site selection and programming. This expanded role will lead to more frequent and higher-quality urban development, providing financial incentives for communities, developers, and architects alike.
By geography, the urban planning and design software market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for the largest share in the global urban planning and design software market. In North America, the rise in renovation and new infrastructural projects results in a flourishing construction industry in urban areas. The urban planning and design software market growth will rise due to the 2D or 3D sketch plan used by the architects, city planners, and creative departments.
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