Urban Planning and Design Software Market is expected to reach US$ 4,534.09 million by 2028

Growing Use of Planning and Design Software in Suburban Areas Creates New Opportunities for Urban Planning and Design Software Market during 2021–2028

According to our latest market study on “Urban Planning and Design Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component, Deployment, and Application,” the market is expected to grow from US$ 2,916.26 million in 2021 to US$ 4,534.09 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2021 to 2028.

The growth of suburban cities is due to the rural population’s migration in search of better employment and lifestyle. Global economists and urban planners found that economic and infrastructure development in suburban areas is also one of the reasons for the growth of suburbs. According to an article published by Times Property in January 2022, employment opportunities are more centralized within the city center compared to suburbs. The population density of suburban cities peaks within 2 km of the city center because of better transportation facilities and corporate offices. These are a few of the significant reasons for the growth of suburban areas in countries such as India. Therefore, the future transformation of rural to suburban areas will require planning and design software for infrastructural development; it will also support urban planning and design software market growth in the coming years.

The global urban planning and design software market is segmented into component, deployment, application, and geography. Based on component, the global market is bifurcated into software and services. In 2021, the software segment led the market, accounting for a larger share in the market. Based on deployment, the global market is bifurcated into on-premise and cloud-based. In 2021, the cloud-based segment accounted for a larger market share. Based on application, the global market is segmented into architects, city planners, and creative departments. In 2021, the architects segment accounted for the largest market share. By geography, the market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for the largest share in the global urban planning and design software market.

The major stakeholders in the global urban planning and design software market ecosystem include urban planning and design software providers and end-users. The demand for urban planning and design software is driven by increased investment in computers & software and increased spending on nonresidential development projects. SketchUp, ESRI, Bentley, Holistic City, Lumion, Modelur, SimWalk, UrbanFootprint, City Form Lab, and Urban ROI Designer are among the major software developers/providers in the market ecosystem. For instance, in July 2021, Sasaki, a global design firm, has announced the launch of Density Atlas, a new online platform that will help planners, urban designers, developers, and students working in the public domain to comprehend density better. The platform analyzes density's limitations and establishes a more uniform set of measures for researching and comparing density in various global contexts, including urban centers, college campuses, and developing communities.

Impact of COVID-19 Pandemic on Urban Planning and Design Software Market

Before the emergence of the COVID-19 pandemic, urban planning and design software requirements were prevalent due to the growing global population. City leaders planned metropolitan cities and provided essential services and affordable housing solutions to overcome the expanding population need. According to the World Bank data, ~55% of the world's population (~4.2 billion inhabitants) lived in metro cities in 2019. This trend was continuously rising, and the need for developing infrastructure was also increasing, further supporting the growth of the urban planning and design software market.

In 2020, the COVID-19 pandemic adversely affected the urban planning and design software market's growth due to the downfall in the manufacturing & construction industries. The pandemic derailed the entire construction industry with the cancelations 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.

In 2021 and 2022, the relaxation of lockdown measures and resumption of manufacturing & construction activities in urban areas positively impacted the urban planning and design software market growth. Also, due to the increase in the urban population, urban planning requirements have risen considerably. According to the World Bank Group data, by 2045, the global urban population will increase to 6 billion.

Urban Planning and Design Software Market — by Region, during 2021–2028 (%)

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