New York, March 24, 2022 (GLOBE NEWSWIRE) — The Insight Partners has released the latest research study on “interior design software market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Application (Residential and Non-Residential Sector) and End-User (Residential and Enterprise)”, Global Interior Design Software Market Growth is Driven by a rapid urbanization and a high demand for custom interior, the increase in career opportunities in interior design and the growing demand for interior design and decoration, the increasing demand for interior design and decoration in the residential, commercial and construction sectors.
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|Market size Value in||US$3.33 billion in 2020|
|Market Size Value by||$6.87 billion by 2028|
|Rate of growth||CAGR of 9.8% from 2021 to 2028.|
|Forecast period||2021- 2028|
|Number of pages||130|
|Number of tables||56|
|Number of graphs and figures||71|
|Historical data available||Yes|
|Segments Covered||Application and end user|
|Regional scope||North America; Europe; Asia Pacific; Latin America; AEM|
|Country scope||United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina|
|Report cover||Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends|
Interior Design Software Market: Competitive Landscape and Key Developments
Autodesk Inc.; SmartDraw, LLC; Trimble Inc.; Dassault Systemes SE; and Foyr LLC are some of the major players operating in the global interior design software market. Chief Architect, Inc.; ECDESIGN Sweden AB; RoomSketcher AS; Roomtodo organizational unit; Asynthe; and Planner 5D are some other notable players profiled in this market study.
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In addition, several other major global, regional and local market players; emerging companies; market disruptors; and niche market players have been researched and analyzed during this study to gather a holistic view of the market. The increasing number of start-ups in the market is expected to drive the growth of the global interior design software market over the period 2020-2028.
In 2022, Autodesk announced the acquisition of Moxion, a New Zealand developer of a powerful residential platform for digital dailies used by leading filmmakers.
In 2021, Dassault Systèmes partnered with Canada-based Skidmore Group for the first implementation of its “HomeByMe for Kitchen Retailers” 3D kitchen planning solution in North America.
Interior design trends are changing drastically with technological advancements and constant innovation. The COVID-19 pandemic has further propelled the demand for interior design software. Technological advancements increase work efficiency by providing simple interface, constant development and time saving which would help the interior design software market growth in the coming years. The constant integration of new technologies, such as artificial intelligence (AI), virtual reality (VR) and augmented reality (AR), allows the interior designer to project the 3D image of his design. For example, DecorMatters transformed traditional design platforms with its first web application powered by artificial intelligence technology to deliver personalized interior design experiences. Technology integrations allow businesses to collaborate with customers from their workspace and deliver photorealistic renderings, which, in turn, improves the customer experience. These technology integrations also save time by reducing feedback loops.
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The interior design software market in North America is segmented into United States, Canada and Mexico. North America is one of the developed regions of the world. Interior architecture is one of the best-known trades in the region. In 2020, more than 66,000 interior companies were available in the United States, and the number is expected to increase at a considerable rate in the future. High per capita income, small homes, and technological advancements in North America have created a demand for better use of space. This has increased the need for interior business which is driving the growth of interior design software market.
Interior Design Software Market: Application Overview
Based on application, interior design software market is divided into residential segment and non-residential segment. The residential area consists of residential apartments, townhouses, houses and apartments. The residential sector is expected to grow in the coming years due to various factors, such as the booming construction industry and increasing population across the world. On the other side, 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, United Kingdom, France, Italy, Germany, l Argentina and South Africa are among the most affected countries due to the covid19 pandemic. The pandemic has had negative effects on industries and the global economy. Factory shutdowns, travel restrictions, trade bans, and border closures have hurt the interior design software industry. The interior design software market initially had a severe impact; however, the market is reviving and expected to grow post-pandemic. Additionally, the commercial building sector is the hardest hit sector as the COVID-19 pandemic has forced many businesses to delay office reopenings and new expansions. People are now renovating their homes by hiring interior companies and architects to design the interiors of their choice.
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