The governments are shifting their focus from rigid decision-making to a centralized decision-making model due to benefits, such as the quick implementation of decisions, improved work quality, and reduced unnecessary costs. Moreover, other urban planners are deploying a centralized model which is more open to ecosystem partners and individuals who are part of the value chain. Therefore, the focus on deploying a centralized decision-making model across countries is creating opportunities for urban planning and design software developers across the region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC urban planning and design software market at a good CAGR during the forecast period.
APAC Urban Planning and Design Software Market Segmentation
The APAC urban planning and design software market is analyzed on 4 fronts: Component, deployment, application, and country. Based on component, the market is divided into software and services. The software segment dominated the market in 2020, and the services segment is expected to register the fastest growth over the forecast period. Based on deployment, the market is bifurcated into on-premise and cloud-based. The cloud-based segment dominated the market in 2020 and is expected to report the fastest growth over the forecast period. Based on application, the market is segmented into architects, city planners, and creative departments. The architects segment dominated the market in 2020, and the city planners segment is expected to report the fastest growth during the forecast period. Based on country, the APAC urban planning and design software market is segmented into China, India, Japan, South Korea, Australia, and the Rest of APAC.
Act-3D; Bentley Systems Incorporated; Esri; Holistic City Limited; Simwalk; SketchUp; T-Sqaure Engineering, Inc.; UrbanFootprint; and UrbanSim are the leading companies in the regional market.