Global Space Planning Software Market Size By Product Type (Cloud-Based, Web-Based), By Application (Commercial Building, Factory, Family Home), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Space Planning Software Market size was valued at USD 935.69 Million in 2024 and is projected to reach USD 1746.06 Million by 2031, growing at a CAGR of 8.11% from 2024 to 2031.
The Space Planning Software Market is set to really take off! More and more people are realizing just how helpful it can be to plan out spaces. Think about itSpace Planning Software lets you design a room or building on your computer, which means you can cut down on costs and actually use every inch of space – no more wasted corners! This is especially true for commercial buildings, where using space efficiently is key, and that's expected to give the market a big boost. Want the full scoop? Our Global Space Planning Software Market report gives you the lowdowna complete look at the important stuff like segments, trends, what's helping the market grow, what's holding it back, who the major players are, and basically everything that's making this market tick.
Global Space Planning Software Market Definition
Space planning is a fundamental element in interior design. It is an important part of building design and is used to determine how the space should be laid out and used to be fully efficient. Space planning can be used in simple operations such as hotel rooms or bathrooms but can also be used to process complex industrial buildings. With the help of the Space Planning Software Market, space planning becomes very easy and it helps to improve the well-being and the productivity of the occupants of the space.
Space Planning Software Market is very useful to interior designers and they also have a lot of benefits associated with itself. Space Planning Software Market is available in various product types such as cloud-based and web-based and both of the types products are used according to the requirements of a particular job. Space Planning Software Market is widely used in commercial buildings, family homes, and factories. Increasing awareness of the Space Planning Software Market will have a positive impact on the market substantially by the forecast period.
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Global Space Planning Software Market Overview
Increasing demands for a well-planned space will drive the market significantly over the forecast period. Space Planning Software Market helps in designing the space by laying out a proper design keeping all the necessary factors into consideration. These benefits of space planning will drive market growth substantially over the forecast period. The increase in population will fuel the market growth substantially by the forecast period.
Due to the increasing population, people require homes for their residences and these homes will require market to plan the space around. This will increase the demand for the market over the forecast period by a great margin. Increasing awareness of the Space Planning Software Market with its benefits of proper planning of the space and using every little space in a planned manner will drive the market growth substantially over the forecast period.
Cloud-based and web-based product types of the market will increase its adoption for space planning which will develop the growth of the Global Space Planning Software Market over the forecast period. However, the high costs of the market will act as a restraint to the growth of the Global Space Planning Software Market over the forecast period. The increasing trend of the Space Planning Software Market for producing plans of commercial facilities and family homes will grow the opportunities for the growth of the market in coming years.
Global Space Planning Software MarketSegmentation Analysis
The Global Space Planning Software Market is Segmented on the basis of Product Type, Application, and Geography.
Space Planning Software Market, By Product Type
Cloud-Based
Web-Based
Based on Product Type, The market is bifurcated into Cloud-Based and Web-Based. Increasing digitalization in various regions across the globe is rising the demand for the cloud-based segments. The cloud-based segment will witness significant growth over the forecast period with gradual growth in its CAGR over the forecast period. The web-based segment will account for the second-largest market share over the forecast period which will aid the market growth over the forecast period.
Space Planning Software Market, By Application
Commercial Building
Factory
Family Home
Others
Based on Application, The market is segmented into Commercial Building, Factory, Family Home, and Others. Commercial Building will account for the largest market share over the forecast period with a gradual increase in its CAGR over the forecast period. The factory segment will show a demand for the market in coming years which will drive the market towards growth, Factory segment will account for a significant market share over the forecast period with a moderate CAGR growth over the forecast period.
Space Planning Software Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
When we look at the Global Space Planning Software Market by region, we see it broken down into North America, Europe, Asia Pacific, and everywhere else. North America, driven by strong economies like the US and Canada, is expected to see substantial growth. In fact, we anticipate North America to grab a big slice of the market share over the next few years. Europe isn't far behind; the increasing popularity of Space Planning Software should help fuel growth there, giving them a solid piece of the pie, although with a more moderate growth rate. Finally, Asia Pacific, thanks to fast-growing economies like China, India, and Japan, is poised for some serious growth too. Expect Asia Pacific to capture a significant portion of the market and show a pretty impressive CAGR increase in that time.
Key Players
The “Global Space Planning Software Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Smartdraw, Ioffice, Onedoor, Archibus, Accuruent, Spaceiq, Xyicon, Planon Software, Planningwiz, and Fmsystems. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
Partnerships, Collaborations, and Agreements
RELEX Solutions, a premier developer of cutting-edge retail optimization software, will be partnered with REWE Business, German diversified retail, and tourism co-operative group, in September 2020. The collaboration aims to provide unified retail planning tools to build automated, store-specific planograms. This is likely to assist the organization in expanding its consumer base.
RELEX Solutions announced a partnership deal with PLUS Retail, a worldwide organization with over 270 supermarkets managed by independent entrepreneurs, in May 2020. The collaboration is centered on the deployment of RELEX’s pragmatic Artificial Intelligence (AI) and breakthrough machine-learning technology to boost operational efficiency throughout the entire business and produce unified planning procedures that better satisfy local demand and reduce waste. This is expected to help the corporation improve its business presence.
Mergers and Acquisitions
Zenopt was acquired by RELEX Solutions, a prominent provider of cutting-edge retail optimization software, in June 2019. The acquisition is expected to assist the company in adding Workforce Optimization and Management Solution to Unified Retail Planning Suite to its product range, improving the company’s position in the target market.
Planorama was acquired by Trax Image Recognition, a global provider of machine vision and analytics solutions for retail, in July 2019. The acquisition would enable the company to better serve Consumer Packaged Goods (CPG) customers around the world by broadening customer reach and providing a full set of in-store execution capabilities available to the market.
Product Launches and Product Expansions
iOFFICE, a supplier of cloud-based comprehensive workplace management and facilities management solutions, launched Space-Right, a new feature in space management software, in June 2020. Companies can use the new space-right tool to alter floor plans and adopt safe distance in their workspaces.
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