SPACE PLANNING SOFTWARE MARKET ANALYSIS

Space Planning Software MarketSize and Trends

Furthermore, the global space planning software platform market is segmented on basis of component, solution, deployment model, end-user, and region.

Increasing cloud-based application deployments is expected to drive growth of the global space planning software market during the forecast period. Currently, companies are shifting from complex on-premises deployment to cloud-based (SaaS-based) deployment owing to its low total cost of ownership (TCO) and on-demand access. The cloud-based space planning software (SaaS) offers features such as better reliability and lower costs. Moreover, workplace management and optimization software provider companies are offering their cloud-based solutions that can be integrated with companies’ existing cloud-based space planning software. For instance, in March 2017, Serraview, a provider of workplace management and optimization software, entered into partnership with PointGrab, a developer of the CogniPoint edge-analytics smart sensing solution. By integrating CogniPoint with Serraview’s cloud-based space planning software, it will help organizations to transform their workstations by delivering real-time space utilization intelligence, which results in increased employee productivity and less wasted space. Therefore, these factors are expected to propel the global space planning software market growth over the forecast period (2021-2028).

North America is expected to hold dominant position in the global space planning software market during the forecast period.

Statistics:

North America held dominant position in the global space planning software market in 2019, accounting for 34.7% share in terms of value, followed by Europe and Asia Pacific.

Figure 2: Global Space Planning Software Market Share Value (US$ Mn), 2017-2028

The global Space Planning Software market was valued at US$ 708.2 Mn in 2019 and is expected to reach US$ 1,393.6 Mn by 2028 at a CAGR of 8.11% between 2021 and 2028.