We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Interior Design Software Market Trends-
One of the key factors driving the market growth is the significant expansion in the residential and commercial construction across the globe. With rapid urbanization, there has been an increasing demand for cost-effective and personalized interior designing solutions to decorate private residences, work on projects from the initial planning stage, or remodel an existing structure while improving the appearance and optimizing space efficiency. In line with this, the widespread product utilization by professionals and architects to prepare a detailed layout of the floor, including windows, walls, doors, and light, which, in turn, helps improve productivity, minimize overall costs, and reduce dependency on paperwork and documentation are propelling the market growth. Apart from this, the large-scale integration of virtual reality (VR), artificial intelligence (AI), and the Internet of Things (IoT) offers realistic graphics, helps visualize the use of space, and provides quick rendering services with more accurate and easy-to-understand representation, which is providing an impetus to the market growth. Such technological advancements further increase the working efficiency by providing an easy interface and constant development and saving time, which is anticipated to contribute to the market growth. Additionally, the advent of the fifth generation (5G) networks, the increasing demand for virtual walkthroughs, and the power of computational devices are positively impacting the market growth. Other factors, including rising demand for pleasant and comfortable living spaces and the implementation of favorable government policies promoting smart infrastructure, are supporting the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 7.36 Billion by 2027, exhibiting a CAGR of 9.50% during 2022-2027.
- On the basis of the application, the market has been bifurcated into individual and enterprise.
- Based on the end user, the market has been divided into residential and non-residential sectors.
- On a region basis, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and Others) Latin America (Brazil, Mexico and Others), and Middle East and Africa.
- The competitive landscape of the industry has also been examined, with some of the key players being Asynth, Autodesk Inc., BeLight Software Ltd, Chief Architect Inc., Dassault Systemes SE, Home Hardware Stores Limited, Infurnia Technologies Pvt. Ltd, Planner 5D, RoomSketcher AS, Roomtodo OU, SmartDraw Software LLC and Trimble Inc.
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