The diagramming software market size is expected to see rapid growth in the next few years. It will grow to $1.62 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. The growth is expected due to the escalating demand for automation in documentation, widespread adoption of cloud-based diagramming software across organizations, increasing necessity for visual communication, heightened emphasis on process optimization, and the demand for real-time collaboration features. Key trends anticipated in the forecast period encompass the broadening of data visualization needs, advancements in technology, integration with innovative technologies, incorporation of artificial intelligence (AI) into diagramming software, and formation of strategic partnerships.
The increasing need for automation in documentation is poised to drive the growth of the diagramming software market in the foreseeable future. Automation in documentation involves utilizing technology to automatically generate, manage, and update documents, thereby reducing manual effort and enhancing efficiency. This growing demand for automation in documentation is fueled by the necessity to streamline document creation, management, and updates, leading to improved efficiency and accuracy while minimizing manual labor. Diagramming software plays a crucial role in automation in documentation by visually representing processes, workflows, and data structures, thereby improving clarity and comprehension. For example, in December 2023, a survey conducted by Salesforces revealed that 47% of IT leaders identified the operations function as yielding the greatest return on investment (ROI) from process automation. Additionally, in November 2023, the Central Digital and Data Office in the UK reported that 32 organizations within the civil service implemented the standardized Government Digital and Data pay framework, resulting in reduced contractor dependency and cost savings for taxpayers. Thus, the increasing demand for automation in documentation is fueling the expansion of the diagramming software market.
Key players in the diagramming software market are focusing on developing innovative products incorporating advanced technologies, such as cloud-based diagramming tools, to gain a competitive advantage. Cloud-based diagramming tools are web-based software applications or platforms that enable users to create, edit, collaborate on, and share diagrams and visual representations of concepts, processes, systems, or data. For instance, in February 2022, Google LLC introduced the Google Cloud Architecture Diagramming Tool, facilitating users in visualizing and creating architectural diagrams of solution architecture using Google Cloud Platform (GCP) services. The tool offers functionalities such as building diagrams from scratch, accessing prebuilt reference architectures, and enabling one-click deployment in Google Cloud, thus enhancing team collaboration and communication through its user-friendly interface.
In November 2022, Datadog Inc. acquired Cloudcraft, emphasizing the importance of visual representation in the digital age. This acquisition aims to integrate real-time infrastructure diagramming capabilities into Datadog's comprehensive Software as a Service (SaaS) solutions, enhancing its offerings and providing actionable insights. Cloudcraft specializes in providing dynamic cloud architecture visualization and diagramming software.
Major companies operating in the diagramming software market are Microsoft Corporation, Canva Pty Ltd., Miro Technologies Inc., Dataiku, Lucid Software Inc., Prezi Inc., Smartdraw LLC, Nulab Inc., Piktochart, Gliffy Inc., Venngage Inc., Pingboard Inc., Visio, Vizzlo GmbH, Cinergix Pty Ltd, DIA Developers India Pvt. Ltd., Slickplan, Edrawsoft, Corel Corporation, MindFusion Group, Zen Flowchart, Creately.
North America was the largest region in the diagramming software market in 2023. The regions covered in the diagramming software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the diagramming software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Diagramming software encompasses specialized tools crafted to generate visual representations of processes, concepts, or structures. These platforms provide users with an array of templates, shapes, and customization features, simplifying the creation of diagrams for diverse purposes.
The primary categories of diagramming software include cloud-based and web-based solutions. Cloud-based diagramming software denotes applications hosted online, allowing users to create, edit, and share diagrams via web browsers. It finds utility across various enterprises, including small and medium-sized enterprises (SMEs) and large enterprises, serving applications in educational institutions, corporations, and personal use.
The diagramming software research report is one of a series of new reports that provides diagramming software market statistics, including the diagramming software industry's global market size, regional shares, competitors with a diagramming software market share, detailed diagramming software market segments, market trends and opportunities, and any further data you may need to thrive in the diagramming software industry. This diagramming software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The diagramming software market includes revenues earned by entities by providing services subscription plans or licenses, training and certification, customization services, integration services, and consulting services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Diagramming Software Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on diagramming software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for diagramming software? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The diagramming software market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Cloud Based; Web Based2) By Enterprise Size: Small And Medium-Size Enterprises; Large Enterprises
3) By Application: Educational Institutions; Corporates; Personal
Key Companies Mentioned: Microsoft Corporation; Canva Pty Ltd.; Miro Technologies Inc.; Dataiku; Lucid Software Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Microsoft Corporation
- Canva Pty Ltd.
- Miro Technologies Inc.
- Dataiku
- Lucid Software Inc.
- Prezi Inc.
- Smartdraw LLC
- Nulab Inc.
- Piktochart
- Gliffy Inc.
- Venngage Inc.
- Pingboard Inc.
- Visio
- Vizzlo GmbH
- Cinergix Pty Ltd
- DIA Developers India Pvt. Ltd.
- Slickplan
- Edrawsoft
- Corel Corporation
- MindFusion Group
- Zen Flowchart
- Creately
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | July 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1 Billion |
Forecasted Market Value ( USD | $ 1.62 Billion |
Compound Annual Growth Rate | 12.6% |
Regions Covered | Global |
No. of Companies Mentioned | 22 |