Space planning software helps optimize the utilization of physical spaces through floor plans, space allocation, and occupancy tracking. They help organizations allocate spaces efficiently based on employee count, department-wise requirements, and future growth projections. Space planning software offers features like real-time space utilization, space booking & reservation, reporting of space usage, and integration with other facilities management solutions.
The global Space Planning Software Market is estimated to be valued at US$ 1114.48 Bn in 2024 and is expected to exhibit a CAGR of 13. % over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing adoption of cloud-based space planning solutions is one of the key trends propelling the market growth. Cloud deployment enables real-time access to space data from any location and devices. It helps organizations to optimize their space utilization based on current employee strength and work patterns. Cloud-based solutions are also cost-effective as they do not require huge upfront capital investment on hardware. With the flexibility, scalability, and affordability of the cloud, more organizations are migrating their on-premises space planning solutions to the cloud variants. This increasing shift towards cloud-based deployments is expected to drive the space planning software market during the forecast period.
Space Planning Software Market Segment Analysis
The space planning software market is segmented by solutions into space management, floor planning, real estate management, and architecture design. Among these, the space management segment dominates the market and is expected to witness highest growth. Space management software helps facility managers monitor space usage, manage changes in workplace environment and allocate spaces to employees. It provides insights into utilization of commercial spaces to optimize the usage.
Key Takeaways
The Global Space Planning Software Market Demand is expected to witness high growth over the forecast period. The global Space Planning Software Market is estimated to be valued at US$ 1114.48 Bn in 2024 and is expected to exhibit a CAGR of 13. % over the forecast period 2024 to 2031.
Regional analysis: North America dominates the global space planning software market currently due to strong presence of key players. However, Asia Pacific region is expected to witness fastest growth in the coming years. Countries like China, India are increasingly adopting space planning software to optimize use of commercial spaces.
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 holds leading position in the global market. Companies are focusing on developing advanced solutions and expanding into high growth regions to strengthen their positions
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