Space planning software helps organizations manage spatial
assets like office spaces, workstations, meeting rooms, and improve
utilization. These software incorporate floor maps, track assets and occupancy
in real-time.
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:
The growing demand for workplace optimization due to
shifting work patterns like remote and hybrid working models is driving
increased adoption of space planning software. These software help
organizations analyze space usage, plan workspace allocation as per employee
strength, and track utilization of assets in real-time. This has become
important for companies to optimize real estate costs and employee experience.
The software incorporates digital floor maps and collects data through sensors
to gain insights about occupancy and space heat maps. This helps office administrators
and facility managers make data-driven decisions for space planning and
reconfiguration. Furthermore, integration of technological features like AI and
AR/VR is helping space planners visualize and simulate layouts digitally before
implementation. This is improving the space planning process and allowing
"what-if" scenario planning. Major space planning software vendors
are focusing on advancing their solutions capabilities with new technologies to
capture this growing demand from organizations.
Segment Analysis
The global space planning software market is dominated by the commercial
segment. The commercial segment includes retail stores, malls, offices, and
others. With increasing construction of commercial spaces such as malls, retail
outlets, co-working spaces, and others, the demand for space planning software
is high from this segment. Space planning software help facility managers and
architects efficiently plan and design commercial spaces.
Key Takeaways
The global
space
planning software market analysis is expected to witness high growth
over the forecast period of 2023 to 2030. The market is projected to grow at a
CAGR of 13% during the forecast period to reach a size of US$ 967.43 Mn by 2024
from US$ 499.23 Mn in 2022.
Regional analysis
The space planning software market in North America is the fastest growing
region. The high adoption of advanced facility management solutions across
industry verticals is driving the demand for space planning software in the
region. The presence of key players and availability of advanced IT
infrastructure are supporting the growth of the space planning software market
in North America. Asia Pacific is expected to be the dominating region owing to
increasing construction activities in countries such as India and China.
Key players
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 dominates the market
and offers cloud-based space management software for asset management. IBM
TRIRIGA offers space planning software to effectively manage complex multi-site
portfolios.
Get more insights on this topic: https://www.newswirestats.com/space-planning-software-market-industry-insights-trends-space-planning-software-market-2023-2030/
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