PUBLISHER: The Insight Partners | PRODUCT CODE: 1070759
PUBLISHER: The Insight Partners | PRODUCT CODE: 1070759
The interior design software market is projected to reach US$ 6,872.11 million by 2028 from US$ 3,337.70 million in 2020; it is expected to grow at a CAGR of 9.8% from 2020 to 2028.
Interior design software helps architects assess the quality of interior settings early in the design process. The software enables architects to detect, monitor, and access any discrepancies between the suggested design and the actual structure. It also assists them in taking preventative steps and lowering the need for renovation and reconstruction. Interior design software offers a comprehensive list of furniture, such as windows, doors, beds, and tables in various styles, to assist the designer in creating an accurate model of the area. The software helps interior designers increase their productivity by reducing their reliance on paperwork and documentation of building interior designs. It also aids businesses in speeding up the design process and lowering the time and expense of interior design work. Thought formulation, field research, space planning, architectural design challenges, and interior design performance are all part of the interior design process. Moreover, interior designers use this software to show designs in a 3D format to provide customers with a better knowledge of interior designs.
Major stakeholders in the global interior design software market ecosystem are interior design software providers and interior design service providers. The demand for interior design software is driven by the rising demand for interior design and decoration, increasing disposable income of people, and economic developments across the world. Chief Architect, Inc.; Autodesk Inc.; Dassault Systemes; ECDESIGN Sweden AB; RoomSketcher AS; Roomtodo OU; SmartDraw, LLC; Asynth; Foyr; and Planner 5D are among the major software developers/providers in the market ecosystem. The organic and inorganic developments done by interior design software providers drive the interior design software market growth. For instance, Dassault Systemes announced that Gautier is using the "HomeByMe for Home Retailers" 3D home planning solution for providing customers with complete, personalized in-store and online experiences that encourage collaborative engagement and boost sales.
Impact of COVID-19 Pandemic on Interior Design Software Market
During the COVID-19 pandemic, people's preferences were changed, and they emphasized preventive precautions, such as using masks, strong disinfectants, and eating healthy foods. The population was indoors during prolonged lockdowns; the demand for interior designs and interior design software had declined significantly for the residential & commercial sectors, as people preferred to focus on their health. However, people have started using interior design tools remotely to design and plan their interiors according to their preferences. For instance, people need some space at their entrance to keep their shoes and hang their masks for safety precautions; moreover, people also need more space to store perishable foods and other food items in their kitchens. Furthermore, the offices of businesses are also getting functional, so the demand for interior design software is expected to increase in the coming years.
Based on end user, the interior design software market is segmented into individual and enterprise. In 2021, the enterprise segment led the interior design software market and accounted for a larger market share. Based on application, the market is bifurcated into residential sector and non-residential sector. In 2020, the non-residential sector segment led the interior design software market. Geographically, the interior design software market is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). In 2020, North America led the interior design software market
The overall interior design software market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the interior design software market growth with respect to all the segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the interior design software market.
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