NEW YORK, United States, Jan. 31, 2022 (GLOBE NEWSWIRE) — Facts and Factors recently add a new research report titled “Urban Planning Software and Services Market by Component (Software, and Services), By Deployment (Cloud-based, and Web-based), By Application (Commercial Interiors, Architecture, Project/Site Planning, Residential Construction, Urban Planning, and Creative Departments), By End User (Government, Real Estate, and Infrastructure Companies): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” in its research database.

“As per the latest research study, the demand of global Urban Planning Software and Services Market size & share was valued at around USD 141.37 billion in 2020 and is anticipated to register USD 180.95 billion by 2026, with a CAGR growth of around 4.2% between 2021 and 2026.”

Market Overview:

Urban planning is one of the most important components of any country’s development plans since it deals with land development and effective usage, public welfare, and environmental safety. Utility systems, infrastructure, communication networks, distribution chains, and a variety of other aspects and activities are all part of the urban planning process. To handle such complex procedures and conceptualize urban designs and plan layouts, urban planners are turning to urban planning software and services.

Urban planning software is used to create 3D urban environment models and plans urban layouts. Urban planning software is being used by city planners and architects to visualize how real-world urban designs would look. The use of 3D representations can help to improve urban planning concepts and town design layouts. Architects, real estate firms, infrastructure developers, urban planners, and urban development-related creative departments all use urban planning software. It also enables city planners to construct around existing urban infrastructure.

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Industry Growth Factors –

Adoption of Smart Cities

Every week, 1.3 million people move into cities, according to the Smart City Hub. There are 21 megacities in the world, each with a population of more than 10 million people. Around 500 cities have populations of one million or more; China alone is anticipated to have 221 cities with populations of one million or more by 2025. Because of the increased use of the Internet, customers have grown more digitally aware. In addition, information on the internet is readily available. In their regular transactions or online activity, users need quickness.

Online government services, apartment sharing apps, e-hailing, home energy automation, smart parking, and real-time road navigation apps are all examples of smart city solutions. Smart cities offer public information and service solutions, as well as electronic service delivery and intelligent traffic management. Rising government and organizing body investment in smart cities is expected to drive urban planning for a number of cities, resulting in the expansion of the urban planning software and services industry.

Industry Major Market Players

  • Boston Consulting Group
  • Bentley Systems Incorporated
  • Stantec
  • Ramboll Group A/S
  • Urban Planning Services
  • Town Planning Services
  • Autodesk Inc.
  • UrbanSim Inc.
  • Environmental System Research Institute Inc.
  • Agilicity LLC
  • Lumion
  • Holistic City Limited
  • SketchUp
  • SimWalk
  • Urban Footprint

COVID-19 Impact Analysis

Several sectors were significantly disrupted by the Covid-19 pandemic, which had a significant influence on business operations and processes. The urban planning software and service market were badly damaged when governments shifted their focus from other development efforts to the healthcare sector.

However, due to the need for better urban planning to prevent future risks of unknown natural disasters, the urban planning software and services business is predicted to revive post-pandemic.

Key Offerings:

  • Market Size & Forecast by Revenue | 2021−2026
  • Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
  • Market Segmentation – A detailed analysis by Component, by Deployment, by Application, by End User, and by Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Report Scope

Report Attribute Details
Market Size in 2020 USD 141.37 Billion
Projected Market Size in 2026 USD 180.95 Billion
CAGR Growth Rate 4.2% CAGR
Base Year 2020
Forecast Years 2021-2026
Key Market Players Boston Consulting Group, Bentley Systems Incorporated, Stantec, Ramboll Group A/S, Urban Planning Services, Town Planning Services, Autodesk Inc., UrbanSim Inc., Environmental System Research Institute Inc., Agilicity LLC, Lumion, Holistic City Limited, and Others
Key Segment By Component, By Deployment, By Application, By End User, and By Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
Purchase Options Request customized purchase options to meet your research needs.

Segmentation Analysis

The urban planning software and services market is segmented into component, deployment, application, and end user.

Based on the Component, the market has been sub-segmented into software, and services. In terms of Deployment, the market is segmented into cloud-based, and web-based. The application has been classified into commercial interiors, architecture, project/site planning, residential construction, urban planning, and creative departments. The end user is bifurcated into government, real estate, and infrastructure companies.

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Regional Analysis

Asia Pacific Region is the Fastest-Growing Region

Due to the sheer drastic revolution in the way cities are planned and designed, the Asia Pacific market is expected to grow fast over the forecast years. Across the Asia Pacific, large-scale urban planning has shaped environmentally friendly urban landscapes that are both smart and sustainable. The rise of various smart city initiatives in nations like India, China, and Singapore has resulted in an increase in demand for innovative structures and cutting-edge infrastructure. The rising focus on engineering, planning, interiors, and architecture and addressing environmental concerns has improved the market outlook for urban planning software and services in this region.

Browse the full “Urban Planning Software and Services Market by Component (Software, and Services), By Deployment (Cloud-based, and Web-based), By Application (Commercial Interiors, Architecture, Project/Site Planning, Residential Construction, Urban Planning, and Creative Departments), By End User (Government, Real Estate, and Infrastructure Companies): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.fnfresearch.com/urban-planning-software-and-services-market

This report segments the global urban planning software and Services market as follows:

By Component:

  • Software
  • Services

By Deployment:

  • Cloud-based
  • Web-based

By Application:

  • Commercial Interiors
  • Architecture
  • Project/Site Planning
  • Residential Construction
  • Urban Planning
  • Creative Departments

By End User:

  • Government
  • Real Estate
  • Infrastructure Companies

By Region:

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa

Key Insights from Primary Research

  • The urban planning software and services market is likely to grow yearly with a CAGR growth of around 4.2% between 2021 and 2026.
  • The worldwide urban planning software and services market was estimated to be worth roughly US$ 141.37 billion in 2020 and is projected to register USD 180.95 billion by 2026.
  • Asia Pacific Region is the Fastest-Growing Region during the forecast period.

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Browse Other Related Research Reports from Facts & Factors

Browse All Other Software and Services Industry Research Reports from Facts & Factors – https://www.fnfresearch.com/category/software-and-services

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Source Google News – Read the original article

Global Urban Planning Software and Services Market Share Rise at 4.2% CAGR to Reach Over USD 180.95 Billion By 2026 – GlobeNewswire

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