PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1663422
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1663422
The global urban planning software and services market, valued at USD 146.9 billion in 2023, is anticipated to expand at a CAGR of 6.8% over the forecast period, reaching USD 265.56 billion by 2032. The growing need for efficient urban planning, driven by rapid urbanization, technological advancements, and the increasing focus on sustainable development, underpins the market's robust growth trajectory.
Urban planners increasingly rely on advanced software tools to visualize data, simulate scenarios, and make data-driven decisions. This is exemplified by the use of Geographic Information Systems (GIS) solutions like ArcGIS Urban, which integrate complex data into actionable insights for housing capacity assessments and sustainable development planning. Concurrently, the services segment, encompassing consulting and implementation solutions, is projected to grow at the fastest rate, owing to the rising complexity of urban challenges and the demand for tailored approaches.
The shift toward cloud-based platforms is reshaping the deployment landscape, offering scalability, real-time data access, and enhanced collaboration capabilities. Governments remain the largest end-users, leveraging these technologies to address climate change, population growth, and infrastructure modernization. Meanwhile, real estate and infrastructure companies are increasingly adopting advanced urban planning tools to optimize workflows, assess project feasibility, and ensure compliance with regulations.
The North American region is poised for significant growth, fueled by smart city projects and technological adoption. Asia Pacific, led by countries like China and India, dominates the global market due to rapid urbanization and robust government investments in sustainable urbanization initiatives.