Space planning software plays a vital role in effective space and resource management across various industries including corporate offices, universities, real estate, healthcare, manufacturing and more. Space planning software helps organizations improve their facility utilization by optimizing floor plans and space allocation. It allows strategic planning of spaces to comply with safety standards and increased productivity.
The global Space Planning Software Market is estimated to be valued at Us$ 967.43 Mn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Effective space planning has become crucial as organizations aim to reduce real estate costs and improve productivity through optimized space allocation. The rising demand for effective space utilization is one of the major drivers of growth in the space planning software market. Space planning software helps organizations plan their facility utilization through digital floor plans and 3D renderings of spaces. This enables strategic allocation of various functions within available spaces and future expansion planning. The software also assists in simulations to analyze optimal space usage. The ability of space planning software to enhance space productivity and utilization through evidence-based planning is accelerating its demand across industries over the forecast period.
Segment Analysis
The global space planning software market is dominated by the architecture, engineering and construction (AEC) sub-segment owing to the widespread use of space planning software for building design, construction and management purposes in this industry vertical. Space planning software provides AEC firms with capabilities for floor planning, space allocation, furniture layouts and compliance with local building codes which helps drive efficiency.
Key Takeaways
The Global Space Planning Software Market Demand is expected to witness high growth over the forecast period. The rising adoption of space planning software by enterprises across industries to optimize office space utilization and management is driving the market.
Regional analysis:
North America is currently the largest and fastest growing regional market for space planning software. The presence of major space planning software vendors and early adoption of workplace optimization technologies by organizations in the US and Canada has made North America a dominant market. Growing need to maximize workspace productivity is further stimulating demand.
Key players operating in the space planning software market are Accruent, Archibus, FM:Systems Group, LLC, IBM TRIRIGA, iOFFICE, OfficeSpace Software, Planon, QuickFMS, and SPACEWELL INTERNATIONAL. Accruent and IBM TRIRIGA have emerged as leading vendors due to their comprehensive space planning and management solutions.
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