Exploring the growing Urban Planning Software & Services Market
The global urban planning software & services market is on a promising growth trajectory, with its value estimated at around CAD 196.44 billion in 2022. By 2030, it’s projected to reach approximately CAD 290.09 billion, growing at a compound annual growth rate (CAGR) of roughly 4.41% between 2023 and 2030. This surge is driven by an increasing demand for data-driven decision-making solutions across both government and private sectors. With advanced urban planning tools, stakeholders can gain valuable insights into key aspects of city development, helping to create smarter, more sustainable urban environments.
In North America, the urban planning and design software market is also experiencing substantial growth. It is set to expand from CAD 1763.67 million in 2021 to around CAD 2513.25 million by 2028, with a CAGR of 5.2%. This growth is largely due to the rising adoption of advanced technologies, such as Geographic Information Systems (GIS) and 3D modelling, which are revolutionizing how urban planning and design are approached. These tools enhance the ability to visualize, simulate, and optimize city layouts, making the planning process more efficient and effective.
Governments in North America are making significant investments in smart city projects, which blend technology with urban planning and infrastructure development. These initiatives open up new opportunities for urban planning software and services providers to collaborate with government agencies and municipalities. The focus is on creating smart, connected cities that can better meet the needs of their residents.
Canada, in particular, is witnessing remarkable growth in this sector, fueled by the increasing adoption of cutting-edge technologies for urban planning and infrastructure management. With a focus on building resilient and future-ready cities, the urban planning software & services market in Canada is set for a bright future.
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