The Global Space Planning Software Market Growth Accelerated By Increased Demand For Space Optimization

The Global Space Planning Software Market Growth Accelerated By Increased Demand For Space Optimization

Space planning software enables organizations to maximize space utilization with automation and streamlined processes. It provides a digital floorplan for optimal space allocation and booking based on employee count, roles, and schedules. With hybrid work models demanding flexible workspaces, the demand for space planning software has surged. It efficiently plans space utilization for varied occupancy needs.

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:
Various enterprises are focusing on streamlining space allocation for a hybrid workforce through automation. Space planning software integrated with tools like room booking, temperature control and space utilization analytics help maximize efficiency. It enables dynamic space planning for fluctuating occupancy by analyzing space requirements. The software adjusts floorplans in real-time based on changing needs andhybrid work models. This is driving many organizations to adopt space planning solutions for optimizing office spaces.

Segment Analysis

The global space planning software market is dominated by the architectural design and construction segment. Space planning software provides digitization of floor plans, real-time access to floor layouts, avoidance of conflicting spaces, and accurate measurement of areas which help architects and construction firms in efficient project planning and management. The software helps visualize space planning and ensures compliance with local building codes and regulations.

Key Takeaways

The Global Space Planning Software Market Size is expected to witness high growth over the forecast period of 2023 to 2030 supported by rapid digitalization across industries. Several organizations are deploying space planning software to optimize resource utilization, improve workplace experience, and upgrade facilities management. 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.

Regional analysis
North America dominates the global space planning software market. The region has seen widespread adoption of comprehensive workplace management tools by organizations to utilize available office spaces smartly and improve employee productivity. Majority of global space planning software providers are also headquartered in North America contributing to its leading position.

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 leads the market with its portfolio of workspace management and facilities management solutions. IBM TRIRIGA provides innovative space planning software for organizations to simplify resource allocation. Planon caters to diverse needs of real estate and facility managers through its cloud-based solutions.

For More details on the topic:

https://www.marketwebjournal.com/space-planning-software-market-market-size-and-share-analysis/

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