Interior Design Software Market by Application and Geography - Forecast and Analysis 2020-2024

The interior design software market share is expected to increase to USD 188.77 million from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 4%.

This interior design software market research report extensively covers interior design software market segmentation by application (non-residential and residential) and geography (North America, Europe, APAC, South America, and MEA). The interior design software market report also offers information on several market vendors, including Asynth SAS, Autodesk Inc., Dassault Systemes SE, Decolabs, Home Hardware Stores Ltd., Planner 5D, RoomSketcher AS, Roomtodo OU, SmartDraw Software LLC, and Trimble Inc. among others.

What will the Interior Design Software Market Size be During the Forecast Period?

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Interior Design Software Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The better interior design and decoration is notably driving the interior design software market growth, although factors such as interoperability issues with interior design software may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the interior design software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Interior Design Software Market Driver

One of the key factors driving growth in the interior design software market is the better interior design and decoration. Interior design software allows architects to check the quality of interior settings at an early stage of the designing process. It allows architects to monitor, access, and identify any disparity between the proposed design and the real building. With this software, architects can take preventive measures, thus reducing the need for rebuilding and remodeling. Most of the interior design software includes a comprehensive list of furniture, such as doors, windows, and beds and tables of distinctive designs. This helps the designer to get an accurate model of the room. For user's convenience, many vendors offer both free and paid software. For instance, SketchUp by Trimble is available in two versions, namely SketchUp Make (free version) and SketchUp Pro (paid version).

Key Interior Design Software Market Trend

The increase in cloud-based software is a interior design software market trend that is expected to have a positve impact in the coming years. Since cloud computing helps enterprises store and access company information hosted on a cloud, many companies adopt cloud-based interior design software to reduce the operating cost and increase the scalability. Cloud-based interior designing software helps companies to make changes in interior design software quickly. In addition, many governments have passed regulations and standards on cloud computing during 2017-2018. Thus, many large enterprises prefer cloud-based applications to meet various government regulations, which are present in the market and reduce their operating expenses. Some of the cloud-based interior design software include Roomtodo, Space Designer 3D, and Home Hardware Stores.

Key Interior Design Software Market Challenge

The interoperability issues with interior design software will be a major challenge for the interior design software market. Compatibility problem with different software applications by several interior design software vendors increases the problem in interoperability. Lack of interoperability makes it difficult for employees within a company working in different business units to share information. The output of an interior design file may not be supported by other AEC software, which may leave end-users unsatisfactory and can impede the growth of the market. One of the major interoperability issues faced by the users is the different output formats used by the various software. Most often, the output file from software is not compatible with other interior design software.

This interior design software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the global interior design software market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the interior design software market during the forecast period.

Who are the Major Interior Design Software Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Asynth SAS
• Autodesk Inc.
• Dassault Systemes SE
• Decolabs
• Home Hardware Stores Ltd.
• Planner 5D
• RoomSketcher AS
• Roomtodo OU
• SmartDraw Software LLC
• Trimble Inc.

 

This statistical study of the interior design software market encompasses successful business strategies deployed by the key vendors. The interior design software market is fragmented and the vendors are deploying growth strategies such as focusing on innovative brand management solutions to compete in the market.

Product Insights and News

• Dassault Systemes SE - HomeByMe is an online interior design application developed under 3DVIA segment by Dassault Systèmes.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The interior design software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Interior Design Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the interior design software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Interior Design Software Market?

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37% of the market's growth will originate from APAC during the forecast period. China is the key market for interior design software in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The demand for interior design software from the commercial and public sectors will facilitate the interior design software market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Interior Design Software Market?

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The interior design software market share growth by the non-residential segment will be significant during the forecast period. This segment receives a major demand for offices, retail shops, and hotels. The location of the commercial building is one of the major growth drivers for this segment. Commercial buildings need to attract their customers and create a competitive edge by creating unique buildings. In this segment, most of the revenue comes from office buildings. The market receives a smaller percentage of revenue from the restoration buildings segment. This segment receives major revenue from urban areas compared with rural areas. The segment holds the major market potential in developed countries compared with developing countries

This report provides an accurate prediction of the contribution of all the segments to the growth of the interior design software market size and actionable market insights on post COVID-19 impact on each segment.

 

Interior Design Software Market Scope
Report Coverage	Details
Page number	120
Base year	2019
Forecast period	2020-2024
Growth momentum & CAGR	Accelerate at a CAGR of 4%
Market growth 2020-2024	$ 188.77 million
Market structure	Fragmented
YoY growth (%)	0.64
Regional analysis	North America, Europe, APAC, South America, and MEA
Performing market contribution	APAC at 37%
Key consumer countries	US, Germany, UK, France, and China
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Asynth SAS, Autodesk Inc., Dassault Systemes SE, Decolabs, Home Hardware Stores Ltd., Planner 5D, RoomSketcher AS, Roomtodo OU, SmartDraw Software LLC, and Trimble Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Interior Design Software Market Report?

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive interior design software market growth during the next five years
• Precise estimation of the interior design software market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the interior design software industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of interior design software market vendors

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