The Latin America, Middle East and Africa Urban Planning Software and Services Market would witness market growth of 6.9% CAGR during the forecast period (2021-2027).
In the urban planning software industry, local and state governments are the major market verticals. Moreover, the public entities playing a significant role in urban planning and they are assigned work for zoning residential and nonresidential areas along with planning the location of structures like parks, hospitals, and schools. In addition, the demand for industry software has witnessed a surge due to heavy investment from the local government. Further, it is anticipated that there would be a rise in the investment from local and state governments that would offer lucrative opportunities for the industry.
The urban planning software and services market is witnessing gradual growth in LAMEA. The nations across this region are underdeveloped or are in the developing stage. Hence, it is estimated that the demand for urban planning software and services will increase in this region in the forthcoming years.
In addition, the governments across this region are also focusing on investing in smart cities projects that are likely to drive the growth of the regional market. Moreover, urban planning deals with architectural, social & political, and engineering concerns. Transport plays a major role in the spatial and economic development of nations and cities.
The Brazil market dominated the LAMEA Urban Planning Software and Services Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4.8 billion by 2027. The Argentina market is showcasing a CAGR of 7.5% during (2021 - 2027). Additionally, The UAE market is poised to grow at a CAGR of 6.7% during (2021 - 2027).
Based on Component, the market is segmented into Software and Services. Based on Deployment type, the market is segmented into Cloud-based and Web-based. Based on End User, the market is segmented into Government and Real Estate & Infrastructure Companies. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Urban Planning Software and Services Market is Predict to reach $190.97 billion by 2027, at a CAGR of 5.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AECOM Corporation, Autodesk Inc., Bentley Systems, Inc., Boston Consulting Group, Esri, Inc., Holistic City Limited, Trimble, Inc. (SketchUp), Savannah Simulations AG, Stantec, Inc., and UrbanFootprint
By Component
By Deployment Type
By End User
By Country
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