Urban Planning and Design Software Market is anticipated to grow up to US$ 5.2 billion by 2031 | Bentley Syste
Urban Planning Software Market Estimated To Reach $5.2B By 2031
The urban planning and design software market in New York experienced a valuation of US$ 2.9 billion in 2021. It is projected to witness substantial growth, reaching US$ 5.2 billion by 2031, with a compounded annual growth rate (CAGR) of 5.8% throughout the forecast period.
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Software for urban planning and design is utilized in order to strategize the organization of urban spaces and construct three-dimensional (3D) representations of these environments. Architects and city planners employ this software to visualize how their urban designs would appear in reality. By generating 3D visualizations, urban designers can augment their proposals and develop urban layouts that conform to the rules and regulations governing city zoning. Urban planning and design software is commonly utilized by architects, city planners, and other creative departments involved in composing the layout of urban environments. Users have the option to incorporate geographic information systems (GIS) software into their urban planning and design software, enabling them to easily import existing structures from the real world. This streamlines the process, saving users time and allowing urban planners to construct around the existing infrastructure of an urban environment.
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Factors influencing the market and current patterns
The growing urban population around the world is a major force behind the growth of the urban planning and design software market. The number of people living in urban areas continues to rise steadily. StatisticsTimes.com reported in September 2021 that the global urban population is expected to increase from 4.5 billion in 2021 to 6.7 billion by 2050. The regions with the highest levels of urbanization are North America, Europe, and South America. Additionally, APAC and the MEA are also experiencing rapid urbanization.
The ongoing increase in the world's population living in cities will drive the demand for developing new structures like homes and businesses. This calls for the use of urban planning and design software to build infrastructure. As a result, the rising urban population is contributing to the expansion of the market.
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Key Players in the Worldwide Urban Planning and Design Software Industry
The main companies analyzed in the worldwide market for urban planning and design software are Bentley Systems, Incorporated (located in the United States), CityCAD Technologies Limited (based in the United Kingdom), Esri (located in the United States), IBI Group Inc. (from Canada), Lumion (based in the Netherlands), Modelur (from Slovenia), SimWalk (located in Switzerland), SketchUp (from the United States), Spacemaker (belonging to Autodesk, Inc., headquartered in the United States), and UrbanFootprint, Inc. (also from the United States).
Segmentation of the Global Market for Urban Planning and Design Software
Cloud-based solutions by application that can be hosted on-premise.
Architects Urban Designer Imaginative Divisions
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