During the projected period, rising cloud-based application deployments are anticipated to fuel market expansion for space planning software. Due to the cloud's inexpensive total cost of ownership (TCO) and on-demand access, businesses are currently moving away from complex on-premises deployment. The SaaS-based cloud-based space planning software provides advantages including increased dependability and cost savings. Additionally, businesses that offer workplace management and optimisation software are now promoting their cloud-based solutions, which may be combined with the cloud-based space planning software already used by businesses. As an illustration, in March 2017, PointGrab, a creator of the CogniPoint edge-analytics smart sensing system, and Serraview, a company that offers software for workplace management and optimisation, partnered. The cloud-based space planning software from Serraview can be integrated with CogniPoint to help organisations alter their workstations. This boosts employee productivity and reduces wasted space. In light of this, these factors are anticipated to fuel the growth of the worldwide space planning software market between 2021 and 2028.
Coherent Market Insights estimates that With a CAGR of 8.11% between 2021 and 2028, the global market for Space Planning Software, which was valued at US$ 708.2 Mn in 2019, is anticipated to grow to US$ 1,393.6 Mn by 2028.
Major Players in the Space Planning Software Industry:
1. Accruent
The company was started in 1995 and is based in Austin, Texas, United States. Advisory services for commercial real estate are offered by Accruent, LLC. The company provides analytical and strategic approaches to real estate property analysis, planning, acquisition, disposal, construction, improvement, maintenance, and management. Accruent unveiled EMS Flex in April 2023, an intelligent workspace booking tool for hybrid work environments.
2. Archibus
The business was started in 1982 and is based in Atlanta, Georgia, United States. The business offers software solutions and creates platforms for integrated workplace management systems that include services for managing facilities, infrastructure, and real estate. A platform called Archibus offers a variety of solutions for managing infrastructure and facilities.
3. IBM TRIRIGA
The company was founded in 2000 and is located in Las Vegas, Nevada. To respond quickly to opportunity and change, IBM TRIRIGA uses data and AI. IBM TRIRIGA provides an intelligent workplace experience, providing the proper services and amenities for a more effective and adaptable environment.
4. iOFFICE
The business was started in 2002 and is based in Houston, Texas, United States. The company's business comprises offering contract- or fee-based business consulting services. iOffice integrates entire employee experience capabilities with workplace administration and space planning in a single, central portal. Serraview. With a scalable, highly adaptable business platform, you can increase office productivity and space accounting.
5. Planon
The company was started in 1982 and is located in Nijmegen, The Netherlands. Facility management software is created by Planon Inc. The business provides services and products for managing real estate portfolios and facilities & spaces, maintenance, and services. Planon provides services to the manufacturing, banking, healthcare, government, educational, and real estate sectors. Planon released an upgraded workplace app in March 2023 to improve user experience and facilitate hybrid working.
6. QuickFMS
The business was started in 2015 and is based in Hyderabad, Andhra Pradesh, India. The markets for integrated work force management (IWFM) and computer assisted facility management (CAFM) are being disrupted by a new player named QuickFMS. QuickFMS is a cloud-based facilities management tool that makes it possible to efficiently plan, set up, and manage any aspect of a business.
7. SPACEWELL INTERNATIONAL
The company was started in 1989 and is located in Antwerp, Belgium. The performance of a company's building portfolio can be improved with the aid of Spacewell. Building performance can be improved, building management can be made smarter, and tenant satisfaction can be raised with the help of Spacewell's clients throughout the world.
Definition: The market for space planning software makes it possible to digitally plan a specific area, which lowers expenses and makes the space more efficiently used without wasting any space. Additionally, the market for space planning software platforms is divided into segments based on end-user, location, deployment methodology, component, and solution.
