Space planning software market

Space Planning Software Market, By Component (Software, Services (Professional Services (Consulting services, Education & Training, Installation, Support, & Maintenance), Managed Services)), By Solution (Room Reservation, Visitor Management, Move Management, Stack Planning, Facility Management, and Others), By Deployment Model (On-Premise and Cloud-Based), By End-user(Real-Estate, Logistics & Warehousing, Manufacturing, Healthcare , Retail, BFSI and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

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Jun 2021
CMI4465
130 Pages
Excel & Pdf
Information and Communication Technology

Summary

Space Planning Software Market helps to plan a particular space on computing devices which helps in reducing costs and utilizing the whole area properly without leaving any space place. 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).

Global Space Planning Software Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 has significantly disrupted almost all the industries including transportation, manufacturing, oil and gas, infrastructure, and others. To combat COVID-19 pandemic, most of the countries had implemented lockdown and are now easing it phase-wise and industry wise. Therefore, the space planning software market growth has temporarily slowed down.

COVID-19 pandemic has augmented trends in office space planning. Work from home policies were already impacting the modern workspace before the COVID-19 pandemic. At present, most of the companies are willing to bring their workforces back into safe and sustainable work patterns. For instance, in June 2020, iOFFICE, a provider of cloud-based integrated workplace management and facilities management solutions, introduced a new feature called Space-Right, in space management software. The new space-right feature enables companies to update floor plans and implement safe distancing in their workspaces.

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.

Space Planning Software Market Report Coverage

Report Coverage	Details
Base Year:	2019	Market Size in 2019:	USD 708.2 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2020 to 2027
Forecast Period 2021 to 2028 CAGR:	8.11%	2028 Value Projection:	USD 1,393.7 Mn
Geographies covered:	North America: U.S., Canada Latin America: Brazil, Argentina, Mexico, Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific Middle East and Africa: South Africa, North Africa, Central Africa
Segments covered:	By Component: (Software, Services (Professional Services (Consulting Services, Education & Training, Installation, Support, & Maintenance), Managed Services)). By Solution: (Room Reservation, Visitor Management, Move Management, Stack Planning, Facility Management, and Others) By Deployment Model: (On-Premise and Cloud-Based) By End-user: (Real-Estate, Logistics & Warehousing, Manufacturing, Healthcare, Retail, BFSI, and Others)
Companies covered:	Accruent, Archibus, FM:Systems Group, LLC, IBM TRIRIGA, iOFFICE, OfficeSpace Software, Planon, QuickFMS, and SPACEWELL INTERNATIONAL
Growth Drivers:	Increasing cloud-based application deployments Increasing development of Smart Building
Restraints & Challenges:	Lack of skilled personnel

Figure 1: Global Space Planning Software Market Share (%) in terms of Value, By Region, 2019

North America is expected to be dominant in the global space planning software market, owing to the presence of well-established companies in the region. Some of the players include IBM Corporation (TRIRIGA), Accruent, OfficeSpace Software, and FM:Systems. The increasing demand for space planning software from healthcare and education industries in the North America region is also expected to positively impact the growth of global space planning software market. For instance, in January 2018, FM:Systems, a provider of space management technology, entered into partnership with Zenit, a Building Information Modeling (BIM) software and consulting services firm. The objective of the partnership was to improve space utilization and space allocation in healthcare and education industry. Also, this partnership helped FM:Systems to enhance its presence in Quebec, Canada.

Among type end-user segment, the healthcare segment is expected to dominate the market during the forecast period. The growth of the segment is driven by adoption of space planning software.

The rising number of patients have forced hospital and healthcare systems to use space planning software in order to identify the maximum number of beds that can be made available, especially during (and after) the COVID-19 crisis. Therefore, these factors are expected to create huge opportunity for the global space planning software market growth over the forecast period.

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.

Table of Content

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- Frequently Asked Questions -

What is the market size of space planning software in 2022?

The global market for space planning software is expected to reach USD 870.05 million by 2022.

What is the Compound Annual Growth Rate (CAGR) of the market during the forecast period (2021-2028)?

The market is expected to grow at 8.11% CAGR over the period (2021-2028).

What is the primary factor contributing towards the growth of the market?

Increasing cloud-based application deployments is expected to drive growth of the market during the forecast period.

Which End-user Segment held the largest market share in the market?

Healthcare holds the largest market share 18.2% in terms of value in 2019.

Which region held the largest market share in the market?

North America region hold the largest share in the market in 2019, accounting for 33.0% share in terms of value.

Who are the key players operating in the market?

Key players operating in the market are Accruent, Archibus, FM:Systems Group, LLC, IBM TRIRIGA, iOFFICE, OfficeSpace Software, Planon, QuickFMS, and SPACEWELL INTERNATIONAL