Published Date: 22-Dec-2021
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According to a new report Global Urban Planning Software and Services Market, published by KBV research, The Global Urban Planning Software and Services Market size is expected to reach $190.97 billion by 2027, rising at a market growth of 5.1% CAGR during the forecast period.
The service segment would display the highest growth rate in the urban planning software and services market during the forecasting years. The factor contributing to the growth of the segment is the significant rise in the demand for building planning, digital services by urban planners, infrastructure planning, and advisory.
In 2020, the web-based segment obtained a prominent revenue share of the urban planning software and services market.
The real estate and infrastructure companies segment would exhibit the highest growth rate in the urban planning software and services market over the forecast period. The growth of this segment can be attributed to the growing focus of the governments globally on infrastructural development projects as an increasing number of people are moving to urban areas for searching jobs.
In 2020, North America garnered a significant revenue share of the urban planning software and services market. The presence of key market players in the region has accelerated the growth of the regional market. In addition, the factor such the significant shift towards an eco-friendly and sustainable city would create lucrative growth opportunities for the players operating in the regional market. For example, New Orleans, in the US, is highly investing in the adoption of management and data analysis tools to monitor the important trends that emerged during the COVID-19 pandemic.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of AECOM Corporation, Autodesk Inc., Bentley Systems, Inc., Boston Consulting Group, Esri, Inc., Holistic City Limited, Trimble, Inc. (SketchUp), Savannah Simulations AG, Stantec, Inc., and UrbanFootprint
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