City Centers: the Value of Private Investment in Nonresidential Construction is Forecast to Grow, Boosting Demand for Industry Software
The Urban Planning Software industry provides various city and regional planning solutions, including geographical information systems (GIS), site topography modeling, map analytics and building information modeling software. Industry demand is tied to private and public entities' construction activity and infrastructure investments. More broadly, urbanization and residential and nonresidential construction levels also dictate industry performance. The analyst estimates revenue to increase at a CAGR of 5.1% to $3.1 billion over the five years to 2023, including an increase of 1.1% in 2023 alone because of greater adoption of analytics and software in the urban planning space. Although the industry initially suffered during the COVID-19 pandemic as lockdowns restricted economic activity, trillions of dollars of federal funds were authorized to be used on infrastructure by Congress in the second half of the period, providing a significant tailwind for revenue.
This industry publishes software for urban planning professionals and municipal land use agencies. Types of software include geographic information system (GIS), computer-aided design and drafting (CADD), and data processing and analytics.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Trimble Inc.
- Autodesk Inc.
- Environmental Systems ReSEarch Institute Inc.
Methodology
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