Urban Planning Software & Services Market to Reach ~US$ 211.4 Bn by 2027, Initiatives in Smart City Developments Push Applications - A New Report by Transparency Market Research

- Urban planners are increasingly using geographic information science (GIS) and technologies for addressing varied urban planning needs in public and private sectors

- Worldwide drive for urban planning software and services stems from the potential of data-driven methods and analytics for developing environmentally sustainable communities and in advancing smart city development

ALBANY, New York, Feb. 17, 2020 /PRNewswire/ -- Growing utilization of GIS software and services in a broad array of applications, notably in digitization of smart cities, for assessing land use, mapping utility delivery has enabled city planners and governments to improve the quality-of-life of populations around the world. Stakeholders in the value chain adopt a centralized model in meeting regulatory demands and evaluate scope of new constructions by deploying urban planning software and services.

Exploring the changing role of models and technologies in urban planning, a study by Transparency Market Research (TMR) sheds light on their huge prospects: the global urban planning software and services market is anticipated to clock a CAGR of ~7% from 2019 to 2027. The valuations is estimated to reach ~US$ 211.4 billion by the end of 2027.

"Vendors and technology providers are harnessing urban planning software and services for advancing smart city initiatives in areas such as waste management, healthcare, and mobility, with the objective of bettering quality of life. Urban planners with high problem-solving skills and analytical capabilities and act as independent contractors for government agencies and private firms," opine the analysts at TMR.

Download PDF Brochure –
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=75761

Key Findings of Market Study:

• The market opportunity in service segment is expected to rise at rapid growth rate year-over-year; sizable investments by governments in urban planning provides the needed boost.
• Transport planning and rural development application is expected to be a prominent revenue generator in the global urban planning software and services market; development of intelligent transportation systems offers the growth momentum
• The software segment witnesses large opportunities owing to strides the IT industry is making in developed as well as developing nations
• The services segment accounts for the leading share; rapid pace of urbanization in numerous countries, including China, provides the thrust
• North America and Europe are mature markets; the U.S. is a major market, growth driven by the presence of large providers of urban planning software services.

Explore 233 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on Urban Planning Software & Services Market (Software: Type [Cloud-based, Web-based, and Application-based], Application [Architecture, Commercial Interiors, Urban Planning, Residential Construction, and Creative Departments], and End User [Government and Real Estate & Infra Companies]; and Services: Type [Advisory Services, Building Planning Services, Digital Services, and Infrastructure Planning Services], Application [Urban Planning, Regional Planning, and Project/Site Planning], and End User [Government and Real Estate & Infra Companies]) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027 at https://www.transparencymarketresearch.com/urban-planning-software-services-market.html