The market for interior design software is anticipated to grow significantly, reaching approximately US$ 6,872.11 million by 2028, up from US$ 3,337.70 million in 2020, reflecting a compound annual growth rate (CAGR) of 9.8% during the period from 2020 to 2028.
Interior design software serves as an essential resource for architects, enabling them to assess and enhance the quality of interior environments early in the design phase. This software allows architects to quickly spot any inconsistencies between the intended design and the actual structure, facilitating timely interventions that can prevent expensive renovations. It provides a diverse selection of furniture options, including windows, doors, beds, and tables, across various styles, which aids designers in crafting precise models of spaces. This capability minimizes the need for extensive paperwork and documentation, thereby boosting overall productivity. Furthermore, interior design software accelerates the design process, conserves time and financial resources, and helps tackle challenges related to space planning, architectural design, and the effectiveness of interior design. Additionally, designers can utilize this software to showcase their concepts in a 3D format, which significantly enhances clients' comprehension of the proposed interior designs.
The global interior design software market encompasses key players, including software providers and interior design service firms. The increasing interest in interior design and decoration, coupled with rising disposable incomes and global economic growth, is propelling the demand for interior design software. Notable companies in this sector include Chief Architect, Inc., Autodesk Inc., Dassault Syst?mes, ECDESIGN Sweden AB, RoomSketcher AS, Roomtodo O?, SmartDraw, LLC, Asynth, Foyr, and Planner 5D. The growth of the interior design software market is driven by both organic and inorganic developments from these providers. For example, Dassault Syst?mes has announced that Gautier is utilizing the "HomeByMe for Home Retailers" 3D home planning solution to offer customers a comprehensive, personalized experience both in-store and online, fostering collaborative engagement and enhancing sales.
Effects of the COVID-19 Pandemic on the Interior Design Software Market
The COVID-19 pandemic has shifted public focus towards health and safety measures, such as wearing masks, using disinfectants, and maintaining a healthy diet. During extended lockdowns, the demand for interior design and related software saw a decline in both residential and commercial sectors as individuals prioritized their health. However, there has been a noticeable increase in the use of remote interior design tools, as people seek to customize their living spaces to better suit their needs. For instance, many individuals are looking for additional storage in their kitchens for perishables and more space at their entrances for shoes and masks to enhance safety. As businesses begin to reopen their offices, the demand for interior design software is projected to rise in the upcoming years.
In terms of end users, the interior design software market is divided into individual and enterprise segments. In 2021, the enterprise segment dominated the market, holding a larger share. The market is also categorized by application into residential and non-residential sectors, with the non-residential segment leading in 2020. Geographically, the market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). North America was the leading region in the interior design software market in 2020.
The size of the interior design software market has been established through comprehensive research involving both primary and secondary sources. Secondary research included the analysis of various internal and external sources to collect qualitative and quantitative data about the market. This approach provided a foundational overview and forecast of the growth of the interior design software market across all segments. Additionally, numerous primary interviews were conducted with industry professionals, including VPs, business development managers, market intelligence managers, and national sales managers. External consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the interior design software market, were also consulted to validate the findings and gain deeper analytical insights into the market.