According to the latest market research study on “Interior Design Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Application and End User,” the 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 2021 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 architects in taking preventative steps and lowering the need for renovation and reconstruction. Interior design software offers a comprehensive list of furniture, including windows, doors, beds, and tables in various styles, to assist the designer in creating an accurate model of the area. The software helps interior enterprise 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.
The global interior design software market growth is mainly driven by the increasing demand for interior designing and decoration in the residential, commercial, and construction sectors. With the novel advancements in artificial intelligence and Augmented Reality/Virtual Reality business leaders are investing heavily in developing online applications that are easy to use, provide best experience for users, and offer innovative user interaction. The increased productivity due to reduced reliance on paperwork and documentation is another factor driving the demand for interior design software market growth.
According to the latest situation report from the World Health Organization (WHO), the US, India, Brazil, Russia, the UK, France, Italy, Germany, Argentina, and South Africa are a few of the worst-affected countries due to the COVID-19 pandemic. The pandemic has adversely affected industries and the global economy. The factory shutdowns, travel restrictions, trade bans, and border lockdowns have adversely affected the interior design software industry. The interior design software market had a severe impact initially; however, the market is reviving and expected to grow post-pandemic. Moreover, the commercial building sector is the worst-hit sector as the COVID-19 pandemic has forced many business firms to delay office reopening and further expansions. People are now renovating their houses by hiring interior enterprise and architects to design interiors of their choice.
North America is one of the most critical regions for the uptake and development of new technologies due to favorable government policies that boost innovation, the presence of a robust industrial base, and high purchasing power, especially in developed countries, such as the US and Canada. Hence, any impact on industries' growth is expected to affect the region's economic growth adversely.
In 2020, the COVID-19 outbreak adversely affected the interior design software market in North America as several business enterprises discontinued their operations, postponed their office expansions, and multiple companies had provided the option of work-from-home. The low growth is mainly due to economic slowdown across countries due to the COVID-19 pandemic and its measures. Many companies are not investing in interior designs because of shutdowns of businesses and offices, lockdowns, and restrictions, and hence they are providing work-from-home options to their employees. In 2020, the interior design software market in the commercial sector was disrupted more than the residential sector.
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 and non-residential sector. In 2020, the non-residential segment led the interior design software market. A residential area or sector include a land in which the housing predominates. The residential area includes residential flats, rowhouses, houses, apartments among others. The residential sector is expected to witness growth owing to factors such as, booming construction sector, increasing population across the globe. And Non-residential sector is a sector that is distinct from that of residential sector. Non-residential sectors include things like, banks, offices, warehouses, restaurant, theater, hospital, school among others. 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.
Reasons to Buy
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 architects in taking preventative steps and lowering the need for renovation and reconstruction. Interior design software offers a comprehensive list of furniture, including windows, doors, beds, and tables in various styles, to assist the designer in creating an accurate model of the area. The software helps interior enterprise 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.
The global interior design software market growth is mainly driven by the increasing demand for interior designing and decoration in the residential, commercial, and construction sectors. With the novel advancements in artificial intelligence and Augmented Reality/Virtual Reality business leaders are investing heavily in developing online applications that are easy to use, provide best experience for users, and offer innovative user interaction. The increased productivity due to reduced reliance on paperwork and documentation is another factor driving the demand for interior design software market growth.
Impact of COVID-19 Pandemic on Interior Design Software Market
According to the latest situation report from the World Health Organization (WHO), the US, India, Brazil, Russia, the UK, France, Italy, Germany, Argentina, and South Africa are a few of the worst-affected countries due to the COVID-19 pandemic. The pandemic has adversely affected industries and the global economy. The factory shutdowns, travel restrictions, trade bans, and border lockdowns have adversely affected the interior design software industry. The interior design software market had a severe impact initially; however, the market is reviving and expected to grow post-pandemic. Moreover, the commercial building sector is the worst-hit sector as the COVID-19 pandemic has forced many business firms to delay office reopening and further expansions. People are now renovating their houses by hiring interior enterprise and architects to design interiors of their choice.
North America is one of the most critical regions for the uptake and development of new technologies due to favorable government policies that boost innovation, the presence of a robust industrial base, and high purchasing power, especially in developed countries, such as the US and Canada. Hence, any impact on industries' growth is expected to affect the region's economic growth adversely.
In 2020, the COVID-19 outbreak adversely affected the interior design software market in North America as several business enterprises discontinued their operations, postponed their office expansions, and multiple companies had provided the option of work-from-home. The low growth is mainly due to economic slowdown across countries due to the COVID-19 pandemic and its measures. Many companies are not investing in interior designs because of shutdowns of businesses and offices, lockdowns, and restrictions, and hence they are providing work-from-home options to their employees. In 2020, the interior design software market in the commercial sector was disrupted more than the residential sector.
Key Findings of Study:
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 and non-residential sector. In 2020, the non-residential segment led the interior design software market. A residential area or sector include a land in which the housing predominates. The residential area includes residential flats, rowhouses, houses, apartments among others. The residential sector is expected to witness growth owing to factors such as, booming construction sector, increasing population across the globe. And Non-residential sector is a sector that is distinct from that of residential sector. Non-residential sectors include things like, banks, offices, warehouses, restaurant, theater, hospital, school among others. 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.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global interior design software market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global interior design software market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. Interior Design Software Market Landscape
5. Interior Design Software Market - Key Market Dynamics
6. Interior Design Software Market - Global Market Analysis
7. Interior Design Software Market Analysis - By Application
8. Interior Design Software Market - By End-User
9. Interior Design Software Market - Geographic Analysis
10. Interior Design Software Market - COVID-19 Impact Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Executive Summary
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 Systèmes; ECDESIGN Sweden AB; RoomSketcher AS; Roomtodo OÜ; 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 Systèmes 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.
Companies Mentioned
- Autodesk Inc.
- Chief Architect, Inc.
- Dassault Systèmes Se
- Ecdesign Sweden Ab
- Roomsketcher As
- Roomtod- Oü
- Smartdraw, LLC
- Asynth
- Foyr
- Planner 5D
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 130 |
| Published | March 2022 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 3580.69 Million |
| Forecasted Market Value ( USD | $ 6872.11 Million |
| Compound Annual Growth Rate | 9.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
