Press release
Interior Design Software Market Growth Overview, Size, Future Trends, Share, Opportunities and Forecast to 2028
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 is a valuable tool for architects to evaluate and improve the quality of interior settings at an early stage of the design process. By using this software, architects can easily identify any discrepancies between the proposed design and the actual structure and take preventive measures to avoid costly renovations. The software offers a wide range of furniture options, including windows, doors, beds, and tables, in various styles, which help designers create an accurate model of the area.
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List of 10 Companies
1. Autodesk Inc.
2. Chief Architect, Inc.
3. Dassault Syst?mes SE
4. ECDESIGN Sweden AB
5. RoomSketcher AS
6. SmartDraw, LLC
7. Asynth
8. Foyr
9. Planner 5D
This reduces paperwork and documentation and improves productivity. Interior design software also helps businesses speed up the design process, save time and money, and address challenges related to space planning, architectural design, and interior design performance. Additionally, interior designers can use this software to present their designs in a 3D format, which enhances customer understanding of interior designs.
Impact of COVID-19 Pandemic on Interior Design Software Market
The COVID-19 pandemic has caused a shift in people's priorities towards preventive measures like using masks, disinfectants, and consuming healthy foods. With prolonged lockdowns, demand for interior design and interior design software decreased in both residential and commercial sectors as people focused on their health. However, individuals have begun using remote interior design tools to plan and design their living spaces according to their preferences. For instance, people require more storage space in their kitchens for perishable items, and additional space at their entrance to store shoes and hang masks for safety purposes. As businesses reopen their offices, the demand for interior design software is expected to increase in the coming years.
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Based on end user, the interior design software market is bifurcated 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
Rising demand for interior design and decoration across the residential, commercial, and construction sectors is fueling growth in the global interior design software market. To offer users a seamless experience, business leaders are investing heavily in developing online applications that incorporate cutting-edge technologies such as artificial intelligence and Augmented Reality/Virtual Reality, resulting in innovative user interaction. Additionally, the market is benefiting from increased productivity resulting from reduced paperwork and documentation.
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