Increasing Requirement for the Smart Workplace Is Driving Space Planning Software Market Growth

 

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.

Market Overview:

Space planning software is a digital tool or application that enables organizations to efficiently plan, design, and optimize physical spaces. It provides a range of functionalities to help users visualize, analyze, and manage spatial layouts, including offices, commercial facilities, retail stores, and more.

Users can create digital representations of their physical spaces, including floor plans, room layouts, and furniture arrangements. They can drag and drop various objects, such as desks, chairs, and equipment, to design and visualize different space configurations. Users can manage and track furniture inventory, equipment, and assets within the space planning software. This includes cataloging furniture items, assigning them to specific locations, and tracking their maintenance and lifecycle.

Competitive Landscape:

Major players operating in the global space planning software market include SPACEWELL INTERNATIONAL, QuickFMS, Planon, OfficeSpace Software, iOFFICE, IBM TRIRIGA, FM: Systems Group, LLC, Archibus, and Accruent.

Key Market Drivers:

Organizations across various industries are looking for ways to optimize their physical spaces, reduce costs, and enhance operational efficiency. This is expected to augment the growth of the global space planning software market. Space planning software provides solutions for efficient space management, ensuring maximum utilization of available resources. The concept of smart workplaces, incorporating technology, automation, and flexible working arrangements, is gaining traction. Space planning software helps organizations design intelligent work environments that promote collaboration, productivity, and employee well-being.

The development of advanced technologies such as cloud computing, artificial intelligence (AI), and the Internet of Things (IoT) has expanded the capabilities of space planning software, enabling real-time data analysis, predictive modeling, and interactive visualization. This is estimated to witness high growth in the global space planning software market. For instance, in June 2021, Tobii Pro launched an advanced mobile capability for their advertising and market research platform called, Sticky by Tobii Pro.

Covid-19 Impact Analysis:

The COVID-19 pandemic had a significant impact on the global space planning software market. The construction and facility management sectors experienced disruptions, leading to delays in projects and reduced demand for space planning solutions. Remote collaboration tools, including virtual meeting platforms and digital workspace solutions, gained prominence during the pandemic. Space planning software providers integrated these tools to facilitate remote collaboration in designing and managing physical spaces.  For instance, in March 2021, Shimmer Research announced the introduction of its remote psychophysiological monitoring system called, NeuroLynQ@Home.

Key Takeaways:

·         North America is expected to dominate the growth of the global space planning software market, owing to the presence of major technology providers, increasing adoption of smart workplaces, and the demand for efficient space management solutions in industries such as IT, healthcare, and retail. For instance, in January 2021, Emotion Research Lab was acquired by Uniphore.

·         The Asia Pacific region is estimated to witness high growth in the global space planning software market, owing to rapid urbanization, the adoption of advanced technologies, and the growing emphasis on workspace optimization and employee well-being. For instance, in January 2022, Compumedics Limited announced its MEG contract in Asia with Tianjin Normal University (TJNU) in China.