Interior Design Software Market Size Worth $6.87Bn, Globally, by 2028 at 9.8% CAGR

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Interior Design Software Market Size Worth $6.87Bn, Globally, by 2028 at 9.8% CAGR

Insight Partners

The interior design software market size is expected to reach USD 6.87 billion by 2028 from USD 3.33 billion in 2020; and is expected to grow at a CAGR of 9.8% from 2021 to 2028.

NEW YORK, March 24, 2022 (GLOBE NEWSWIRE) — The Insight Partners published a report on “Interior Design Software Market Forecast to 2028 – COVID-19 Impact and Analysis of Global Applications (Residential and Non-Residential Sectors) and End-Users (Individuals and Businesses)”, the growth of the global interior design software market is driven by rapid urbanization and increasing demand for personalized interior design Rising career opportunities in interior design, driven by high demand, have seen a surge in demand for interior design and decoration, which is increasing in the residential, commercial and construction industries.

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Report Scope

detail

market size value

$3.33 billion in 2020

market size value

$6.87 billion by 2028

growth rate

From 2021 to 2028, the compound annual growth rate is 9.8%.

forecast period

2021- 2028

base year

2020

number of pages

130

number table

56

Number of charts

71

Available historical data

Yes

Market segments covered

Applications and End Users

geographic range

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, Korea, Saudi Arabia, Brazil, Argentina

report coverage

Revenue forecast, company rankings, competitive landscape, growth factors and trends

Interior Design Software Market: Competitive Landscape and Key Developments
Autodesk Corporation; Smart Mapping LLC; Trimble Corporation; Dassault Systèmes SE; and Foyr LLC are among the key players operating in the global interior design software market. Principal Architects Inc; ECDESIGN Sweden AB; RoomSketcher AS; Roomtodo Europe; Synthesizer; and Planner 5D are some of the other prominent players profiled in this market study.

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In addition, there are multiple other leading global, regional and local market players; emerging companies; market disruptors; niche market players are studied and analyzed during this research period to gather a holistic view of the market. The fast-growing number of startups in the market is expected to drive the growth of the global interior design software market during 2020-2028.

In 2022, Autodesk announced the acquisition of Moxion, a New Zealand developer providing a robust residential sector platform for digital dailies used by leading filmmakers

In 2021, Dassault Systèmes partnered with Canada-based Skidmore Group to implement its “HomeByMe for Kitchen Retailers” 3D kitchen planning solution for the first time in North America.

Interior design trends are changing dramatically as technology continues to advance and innovate. The COVID-19 pandemic has further boosted the demand for interior design software. Technological advancements increase work efficiency by providing simple interface and continuous development and time saving, which will contribute to the growth of the interior design software market in the coming years. The continuous convergence of new technologies such as artificial intelligence (AI), virtual reality (VR) and augmented reality (AR) allows interior designers to project 3D images of their designs. For example, DecorMatters disrupted traditional design platforms by launching the first web application powered by artificial intelligence technology to provide a personalized interior design experience. Technology integration allows businesses to collaborate with clients in their workspaces and provide photo-realistic renderings, which in turn enhances the client’s experience. These technology integrations also save time by reducing feedback loops.

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The North American interior design software market is segmented into the United States, Canada, and Mexico. North America is one of the developed regions in the world. Interior design is one of the well-known professions in the area. In 2020, there were more than 66,000 indoor businesses in the United States, and this number is expected to grow at a considerable rate in the future. North America’s high per capita income, small housing and technological advancements have created a need for better space utilization. This has increased the demand for interior design businesses, driving the growth of the interior design software market.

Interior Design Software Market: Application Overview
On the basis of application, the interior design software market is segmented into residential and non-residential segments. Residential complexes consist of residential apartments, townhouses, houses and apartments. The residential sector is expected to witness growth in the coming years due to various factors such as the booming construction industry and increasing global population. On the other hand, the non-residential sector includes banks, offices, warehouses, restaurants, theaters, hospitals, and schools, among others.

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Impact of the COVID-19 Pandemic on the Interior Design Software Market:
According to the latest situation report from the World Health Organization (WHO), the United States, India, Brazil, Russia, the United Kingdom, France, Italy, Germany, Argentina and South Africa are some of the countries most affected by the outbreak. COVID-19 pandemic. The pandemic has adversely affected the industry and the global economy. Factory closures, travel restrictions, trade bans and border closures have adversely affected the interior design software industry. The interior design software market was initially severely impacted; however, the market is recovering and is expected to grow post-pandemic. Additionally, the commercial construction industry was the hardest hit as the COVID-19 pandemic forced many commercial companies to delay office reopenings and further expansion. People are now renovating their houses by hiring interior businesses and architects to design the interiors of their choice.

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about Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help clients obtain solutions to their research needs through our syndicated and consultative research services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, Chemicals and Materials.

contact us:
If you have any questions about this report or would like more information, please contact us:

Contact: Sameer Joshi
Email: [email protected]
Phone: +1-646-491-9876
Press release: https://www.theinsightpartners.com/pr/interior-design-software-market

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