(Newswire.net — November 23, 2022) —
According to a new research study by Global Insight Services (GIS), the urban planning and design software market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 5.2 billion by 2031.
Urban planning and design software is used to plan urban layouts and design three-dimensional (3D) models of urban environments. Architects and city planners use urban planning and design software to conceptualize how their urban designs would look in the actual world. By creating 3D visualizations, urban designers can enhance their urban planning proposals and design urban layouts that abide by city zoning rules. Urban planning and design software is often used by architects, city planners, or any creative department involved in designing an urban environment’s layout. Users can integrate geographic information systems (GIS) software into their urban planning and design software to automatically import structures that already exist in the actual world. This saves users time and allows urban planners to build around the pre existing infrastructure of an urban environment.
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Global Urban Planning and Design Software Market: Key Drivers
The increasing global urban population is one of the primary factors driving the overall urban planning and design software market. The population in the global urban areas is growing continuously. For instance, in September 2021, according to an article published by StatisticsTimes.com, the world’s urban population will grow from 4.5 billion in 2021 to 6.7 billion by 2050. The most urbanized regions include North America, Europe, and South America. Moreover, the level of urbanization in APAC and the MEA is also growing at a significant rate.
The continuous growth in the global population in urban areas will push the need to construct new infrastructures such as residential and commercial buildings, thereby requiring urban planning and design software to construct infrastructure. Hence, the increasing population in urban areas is boosting market growth.
Global Urban Planning and Design Software Market: Market Restraints and Challenges
In open source, developers take an existing application/program in the open-source market, make improvements, add features, and share their modifications with the community for everyone’s benefit. On the other side, closed source software (known as proprietary software) belongs to a company/individual that licenses the software and has sole rights to distribute the code.
While open-source software may be free to use in terms of price, furthermore, there are many other reasons open-source software can be the better choice overall for business needs, including access to a talented community of developers and the flexibility to integrate other pieces of technology within the software. Further, many good reasons why more companies are turning to open-source software exist. Firstly, expert developers continuously monitor and improve open-source software, catching and fixing bugs collaboratively. This leads to reliable, stable, and performant software that works across various environments. Secondly, open-source software is attractive for multiple businesses due to there are no up-front costs to download the code and start working with it. Thirdly, available source code leads to greater longevity and stability of the open-source product, as it can’t be phased out, such as proprietary software, which is at the mercy of a commercial vendor. Thus, the rising availability of open-source software is acting as a restraining factor for the global urban planning and design software market.
The cloud-based segment is likely to dominate the market during the forecast period
Based on deployment type, it is bifurcated into on-premise and cloud-based. The cloud-based segment is expected to dominate the market during the forecast period. Over the years, the demand for cloud-based systems is expected to grow substantially due to the cloud-based urban planning and design software offering enhanced flexibility, scalability, and security to its users. Further, it allows the end users to receive automatic software updates without additional capital expenditures, improving technology competitiveness. Due to these factors mentioned above, the cloud-based urban planning and design software is expected to dominate the market during the forecast period.
The architects segment is likely to hold the major share of the market in 2021
Based on application, it is segmented into architects, city planner, and creative departments. The architects segment is expected to be the largest segment in the urban planning and design software market in 2021. Architects always play a critical role in determining the factors that make resilience or not in the local environment of building or city, and so the main role of architects is to design and plan locally specific resilient architecture by using all social spatial and environmental resources. Thus, the architects segment will likely hold a major market share in 2021.
The North America region is accounted for the majority of market share in 2021
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. The large population staying in the urban areas is contributing to the market growth. Secondly, the growing preference for sustainable and eco-friendly city infrastructures is also driving market growth across the region. Additionally, the software developers of urban planning and design software are mostly present in the North American region. This, in turn, boosts the demand for urban planning and design software in the North American region.
Competitive Landscape
The key players studied in the global urban planning and design software market are Bentley Systems, Incorporated (US), CityCAD Technologies Limited (UK), Esri (US), IBI Group Inc. (Canada), Lumion (Netherlands), Modelur (Slovenia), SimWalk (Switzerland), SketchUp (US), Spacemaker (Autodesk, Inc.) (US), and UrbanFootprint, Inc. (US).