The interior design software market size is projected to reach US$ 9.12 billion by 2031 from US$ 4.32 billion in 2023. The market is expected to register a CAGR of 9.8% during 2023–2031. Real estate industry growth is likely to remain a key trend in the market.
Interior Design Software Market Analysis
The increasing demand for more productivity is one of the major factors driving this market. Also, increasing demand for better interior design and decoration and rising usage of cloud-based software boost the growth of the market. Interoperability issues associated with interior design software limit the growth of this market. Furthermore, the growth of the virtualization process and the demand for interior design software, which is growing at a fast rate in countries such as China, are expected to provide multiple opportunities to the market.
Interior Design Software Market Overview
The interior design software allows architects to make an early estimation of the quality of the internal environment. The architects can also use this software to identify, track, and measure any deviation of the designed building from the required criteria. This software further allows architects to take preventative measures to reduce the need for renovation and reconstruction. It also has a comprehensive collection of options, such as designs for windows, doors, beds, and tables, which a designer can use to make an exact model of the room.
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Interior Design Software Market: Strategic Insights
Market Size Value in US$ 3,580.69 million in 2021 Market Size Value by US$ 6,872.11 million by 2028 Growth rate CAGR of 9.8% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
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Interior Design Software Market: Strategic Insights
| Market Size Value in | US$ 3,580.69 million in 2021 |
| Market Size Value by | US$ 6,872.11 million by 2028 |
| Growth rate | CAGR of 9.8% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Interior Design Software Market Drivers and Opportunities
Growing Adoption of Interior Design Software
A key growth driver for the interior design software market is the increasing use of such software by architects, engineers, and contractors. It contributed significantly during the early designing stages for assessing the interiors. It reduces errors, enables effective time management, and shows any differences from a proposed design to actual construction, enhancing overall efficiency and accuracy in its work by setting floor plans, furniture, and interior decors into a realistic, three-dimensional environment.
Technological Advancements and Efficiency
The sudden rise in global construction activities, which came through simultaneously with the broad adoption of interior design software to bring improvement in operational efficiency, highly accelerates growth in the interior design services sector. This trend is further reinforced by the ability of this software to speed up the design process, save time and costs, and offer an extensive collection of furniture choices that let designers make accurate and realistic room models. Thus, the growing integration of interior design software is not only easing operations but also contributing to the absolute growth of the market.
Interior Design Software Market Report Segmentation Analysis
Key segments that contributed to the derivation of the interior design software market analysis are application and end users.
- Based on application, the market is bifurcated into residential sector and non-residential sector. The residential sector segment held a significant market share in 2023.
- Based on end users, the market is segmented into individual and enterprise. The enterprise segment held a significant market share in 2023.
Interior Design Software Market Share Analysis by Geography
The geographic scope of the interior design software market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The regional overview of the interior design software market reveals significant growth opportunities in various regions. In the Asia-Pacific, the rise in population and urbanization, particularly in major cities such as Tokyo, Beijing, and Mumbai, has led to an increased focus on residential sectors, with initiatives such as China's national development strategy aiming for substantial urbanization. Furthermore, the Asia Pacific is projected to register the highest CAGR in the market during the forecast period, attributed to increasing building infrastructure plans in countries such as China and India, as well as growing urbanization and population expansion in major cities such as Beijing, Tokyo, and Mumbai.
Interior Design Software Market Report Scope
Interior Design Software Market News and Recent Developments
The interior design software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the interior design software market are listed below:
- IKEA U.S. announced the launch of IKEA Interior Design Service, a brand-new program that offers professional, one-on-one interior design at an affordable price. Consumers and businesses will have the opportunity to connect with an expert to design any space with creative solutions.
(Source: Inter IKEA Systems B.V., Company Website, April 2023)
- Ingka Group, the largest IKEA retailer, today launches its new, AI-driven digital design experience, IKEA Kreativ. The intuitive new experience offers customers the first lifelike, fully integrated way to design and visualize their own living spaces from computers and smartphones.
(Source: Inter IKEA Systems B.V., Company Website, July 2022)
Interior Design Software Market Report Coverage and Deliverables
The “Interior Design Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Interior design software market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Interior design software market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Interior design software market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the interior design software market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The market is projected to record a CAGR of 9.8% during 2023–2031.
The market is expected to reach a value of US$ 9.12 billion by 2031.
Autodesk Inc., Chief Architect, Inc., Dassault Systemes, ECDESIGN Sweden AB, RoomSketcher AS, Roomtodo OU, SmartDraw LLC, Asynth, Foyr, and Planner 5D are key players in the market.
Real estate industry growth is a key trend in the market.
The growing adoption of interior design software is driving the market.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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