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. 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.
The global interior design software market involves significant stakeholders, including providers of interior design software and interior design services. The growing demand for interior design and decoration, rising disposable income, and economic advancements worldwide are driving the demand for interior design software. Chief Architect, Inc.; Autodesk Inc.; Dassault Syst?mes; ECDESIGN Sweden AB; RoomSketcher AS; Roomtodo O?; 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 Syst?mes 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
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.
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
The interior design software market size has been determined through extensive research from primary and secondary sources. The secondary research involved analyzing internal and external sources to gather qualitative and quantitative information about the market. This process helped in obtaining an overview and forecast of the interior design software market growth for all its segments. Additionally, multiple primary interviews were conducted with industry experts such as VPs, business development managers, market intelligence managers, and national sales managers. External consultants, including valuation experts, research analysts, and key opinion leaders, who specialize in the interior design software market, were also interviewed to validate the data and gain more analytical insights into the subject.