The population in the regional urban cities/areas is increasing rapidly. According to an article published by StatisticsTimes.com, in September 2021, 90% growth will be witnessed in the regional urban population from 2021 to 2050 in several countries. The level of urbanization in several countries is growing at a significant rate. Furthermore, as per an article published by StatisticsTimes.com in September 2021, the regional rural population is expected to decline to 3.1 billion by 2050. The continuous rise in the regional population in urban areas will push the need to construct/build new infrastructures such as commercial and residential buildings, thereby requiring urban planning and design software to construct infrastructure. For example, SketchUp (Trimble Inc.) provides urban design software which helps planners get the whole work done from conceptual model to proposal with the help of a computer-aided design (CAD) tool and geolocation tool in a SketchUp city planner's toolbox. Hence, the growing urban population is propelling the region's urban planning and design software market.
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 North America urban planning and design software market at a good CAGR during the forecast period.
North America Urban Planning and Design Software Market Segmentation
The North America 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 North America urban planning and design software market is segmented into the US, Canada, and Mexico.
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.