Urban Planning and Design Software Market is anticipated to grow up to US$ 5.2 billion, at a CAGR of 5.8% during the forecast period 2022-2031

The global urban planning and design software market was valued at US$ 2.9 billion in 2021 and it is anticipated to grow up to US$ 5.2 billion by 2031, at a CAGR of 5.8% during the forecast period.

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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 preexisting infrastructure of an urban environment.

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Market Drivers and Trends:

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.

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COVID-19 Impact:

In 2020, the COVID-19 pandemic negatively affected the market growth due to the downfall in the manufacturing and construction sectors. The COVID-19 pandemic derailed the construction sector with the cancellations and postponements of several construction projects. Furthermore, as governments diverted their focus from development activities to healthcare, the urban planning and design software market was hampered.

Major Players in the Global Urban Planning and Design Software Market:

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).

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This release was published on openPR.