Urban Planning Software and Services Market Size Worth $210.22 Billion by 2030 | CAGR: 4.3%, Increasing population in the urban regions is directly associated with industry growth

Global urban planning software and services market was valued at USD 143.92 billion in 2021 and is expected to reach USD USD 210.22 billion by 2030, growing at a CAGR of 4.3% during the forecast period.

Increasing population in the urban regions is directly associated with industry growth. For instance, in 2050, approximately 68% of the global population is likely to live in urban areas, as per United Nations (UN) estimates. Additionally, factors like growing expenditure on non-residential construction projects and high investment in applications and computers are further propelling the demand for urban planning software and service.

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Top Market Players Are:

Market participants such as Stantec, Autodesk Inc., Boston Consulting Group, Esri, UrbanFootprint, Bentley Systems, AECOM, Holistic City Software, SketchUp, and Savannah Simulations are some of the key players operating in the global market.

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Moreover, the rising initiatives for the development of smart cities around the world are also acting as a catalyzing factor for industry development in the near future. The cloud-based segment is dominating the global industry with the highest revenue shares based on the deployment. This planning segment presents various advantages such as boosting computing power, pocket-friendly solutions, and offering enhanced flexibility.

Moreover, increasing responsiveness for the cloud-based by the population is further leading the industry growth. Whereas the web-based planning system shows the highest CAGR rate that leads to rising demand. The incorporation of other platforms and the growing penetration of web-based planning system solutions are fueling the industry demand over the forthcoming scenario. The increasing investments by the various regulatory bodies along with numerous further organizations for the development of smart cities are impelling the industry demand across the globe.

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The expenditure on smart city initiatives accelerates the demand as these solutions and planning software offer electronic service delivery, efficient traffic management, and public information & services. Moreover, these solutions also present apartment sharing applications, home energy automation, and smart parking solutions. Furthermore, the rising number of suburban cities and regions, rising spending on technologies, and exponential development of the global IT industry are also creating lucrative opportunities for major growth in the coming years.

Various market players are launching new products in the global market to strengthen their market position. For instance, in November 2021, AECOM announced the introduction of its Digital AECOM that unites the firm's digitally offered consulting services and products to assist customers to boost their digital initiatives and accomplish better project results and digital tools to improve the delivery of its customized solution and services.

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Polaris Market Research has segmented the urban planning software and services market report on the basis of component, deployment, end-use, and region:

Urban Planning Software and Services, Component Outlook (Revenue - USD Billion, 2018 - 2030)

Software
Services

Urban Planning Software and Services, Deployment Outlook (Revenue - USD Billion, 2018 - 2030)

Cloud-based
Web-based

Urban Planning Software and Services, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)

Government
Real Estate & Infrastructure Companies

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