Space Planning Software Market aids in the planning of a certain space on computing equipment, which aids in cost reduction and proper utilization of the entire area without wasting any space. In addition, the worldwide space planning software platform market is divided into component, solution, deployment methodology, end-user, and region segments.
Increased cloud-based application deployments are likely to boost the global space planning software market over the forecast period. Companies are now migrating from sophisticated on-premises deployment to cloud-based (SaaS-based) deployment due to lower total cost of ownership (TCO) and on-demand access. Cloud-based space planning software (SaaS) provides benefits such as increased dependability and cheaper expenses. Furthermore, firms that supply workplace management and optimization software are developing cloud-based solutions that can be linked with enterprises' current cloud-based space planning tools. For example, in March 2017, Seaview, a provider of workplace management and optimization software, partnered with PointGrab, the creator of the CogniPoint edge-analytics smart sensing technology. By integrating CogniPoint with Serraview's cloud-based space planning software, enterprises will be able to revolutionize their workstations by providing real-time space usage information, resulting in higher employee productivity and reduced wasted space. As a result, these factors are projected to drive the growth of the worldwide space planning software market throughout the forecast period (2021-2028).
COVID-19 has had a substantial impact on nearly every industry, including transportation, manufacturing, oil and gas, infrastructure, and others. To counteract the COVID-19 epidemic, most nations enforced lockdown and are currently lifting it phase-by-phase and industry-by-industry. As a result, the growth of the space planning software industry has momentarily paused.
The pandemic of COVID-19 has accelerated trends in office space planning. Work-from-home rules were already having an influence on the modern workplace before the COVID-19 epidemic. At the moment, the majority of businesses are eager to return their workforces to safe and sustainable work patterns. For example, in June 2020, the office, a supplier of cloud-based integrated workplace management and facilities management solutions, announced a new feature in space management software called Space-Right. Companies may use the new space-right tool to alter floor layouts and adopt safe distance in their workstations.