Interior Design Software Market Size worth $6.87 Billion, Globally, by 2028 at 9.8% CAGR

Insight Partners

Insight Partners

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

New York, March 24, 2022 (GLOBE NEWSWIRE) — Insight Partners released the latest research study on “Interior Design Software Marketplace Forecast to 2028: Impact of COVID-19 and Global Analysis by Application (Residential Sector and Non-Residential Sector) and End User (Individual and Business)”, the growth of the global interior design software market is driven by rapid urbanization and the high demand for custom interiors. , growing career opportunities in interior design and growing demand for interior design and decoration, the growing demand for interior design and decoration in the residential, commercial and construction sectors.

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Report Coverage

Details

Market size Value in

$3.33 billion in 2020

Market size Value per

US$6.87 billion by 2028

Growth rate

CAGR of 9.8% from 2021 to 2028.

forecast period

2021- 2028

base year

2020

Number of pages

130

Number of tables

56

No. of Graphs and Figures

71

Historical data available

Yes

Covered segments

Application and end user

regional scope

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

country scope

USA, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

coverage report

Revenue Forecast, Company Rankings, 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 among the key players operating in the global interior design software market. Chief Architect, Inc.; ECDESIGN Sweden AB; RoomSketcher AS; Roomall OU; asynthetic; and Planner 5D are some other notable players that are outlined in this market study.

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In addition, many other leading global, regional and local market players; emerging companies; market disruptors; and niche market players were studied and analyzed during this study to gain a holistic view of the market. The rapid growth in the number of startups in the market is anticipated 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-based developer of a powerful home industry platform for digital journaling used by leading filmmakers.

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

Interior design trends are changing drastically with the constant technological advances and innovations. The COVID-19 pandemic has further fueled the demand for interior design software. Technological advancements increase work efficiency by providing easy interface and constant development and saving time, which would contribute to the growth of interior design software market 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 their design. For example, DecorMatters upended traditional design platforms with its first web app powered by AI technology to deliver personalized interior design experiences. Technology integrations allow companies to collaborate with customers from their workspace and provide photorealistic renderings that, in turn, enhance the customer 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 US, Canada, and Mexico. North America is one of the developed regions in the whole world. Interior design is one of the best known professions in the region. In 2020, more than 66,000 interior companies were available in the US, and the number is expected to grow at a significant rate in the future. High per capita income, small homes, and technological advances in North America have created a demand for better utilization of space. This has increased the need for interior companies, which is driving the growth of the interior design software market.

Interior Design Software Marketplace – Application Overview
Based on the application, the interior design software market is divided into residential sector and non-residential sector. The residential area consists of residential flats, semi-detached houses, houses and apartments. The residential sector is expected to see growth in the coming years due to various factors such as the booming construction sector and the increasing population around the world. On the other hand, the non-residential sector comprises 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 USA, India, Brazil, Russia, the United Kingdom, France, Italy, Germany, Argentina and South Africa are some of the countries most affected by the Pandemic. of COVID-19. The pandemic has negatively affected industries and the global economy. Factory closures, travel restrictions, trade bans, and border closures have negatively affected the interior design software industry. The interior design software market took a severe hit initially; however, the market is reviving and is expected to grow after the pandemic. Additionally, the commercial construction sector is the hardest hit sector as the COVID-19 pandemic has forced many commercial businesses to delay office reopenings and new expansions. People are now renovating their homes by hiring interior design firms and architects to design the interiors of their choice.

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About us:
Insight Partners is a comprehensive provider of actionable intelligence industry research. We help our clients obtain solutions to their investigative needs through our consulting and syndicated investigative services. We specialize in industries such as semiconductors and electronics, aerospace and defense, automotive and transportation, biotechnology, healthcare computing, manufacturing and construction, medical devices, technology, media and telecommunications, chemicals and materials.

Contact Us:
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Contact person: Sameer Joshi
Email: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press release: https://www.theinsightpartners.com/pr/interior-design-software-market

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