Market Research

Interior designing software market size is forecast to reach $1.2 billion by 2025

Jul 22, 2020 5:54 PM ET

iCrowd Newswire – Jul 22, 2020

Interior designing software market size is forecast to reach $1.2 billion by 2025, growing at CAGR 7.4% during 2020-2025 owing to the growing demand from the interior design and decoration especially in the residential sector with the rising buying power of middle-class population especially in developing economies.

Product Type – Segment Analysis

Computer application type of interior designing software held the major share of the market in 2019 owing to the broad-scale adoption of these software solutions by interior design companies, architects, contractors and so on. The shift to cloud-based solutions and software-as-a-service models in the past couple of years has been analyzed to be one of the major factors assisting the market growth. Mobile/Tablet interior designing apps market is set to witness the highest growth during 2020-2025 owing to the wide scale adoption tablets and convertible laptops by the SMEs operating in the interior designing sector

End User – Segment Analysis

Non-residential sector includes office space, restaurants, hotel rooms and so on. Non Residential sector is analyzed to dominate the interior designing software market in 2019 owing to significant spending on the interior space design and decoration to attract more customers in the commercial spaces and avail a healthy and energetic work environment in offices areas. Residential interior designing marketis estimated to witness the highest growth during 2020-2025, owing to the growing demand for residential apartments with interior designs in developing economies.

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Geography- Segment Analysis

Europeacquired the major market share of around 38% of the global interior designing software market in 2019 owing to the broad base of customers in the residential and non-residential sector. APAC interior designing software market is estimated to witness the highest growth rate during 2020-2025, owing to growing construction activities of residential buildings in this region. Apart from this, the rise of middle class population with growing buying power and disposal income is also set to drive the demand for residential apartments with beautiful interiors which is further poised to the buoy the adoption of interior designing software

Drivers –Interior Designing SoftwareMarket

  • Growing Demand for Contract Interior Design Businesses

Contract interior design businesses have witnessed significant growth in recent years as these firms work closely with builders, textile designers, artists, furniture, interior designers and so on, reducing the time to market significantly. These firms extensively employ interior design software thereby the growing demand for contract interior design businesses is set to assist the market growth during 2020-2025

  • Growing Integration of advanced technologies such as AR/VR and AI to enhance design tools

With the recent advances in artificial intelligence AR/VR, vendors are investing significantly on developing web applications which are easy to use and offer cutting edge user interaction and experience. The increase number of free lancers in the interior designing space witnessed a significant challenge from high end software which were expensive and required technical skills for utilization. The introduction of web-based AI-enabled applications have now offset that barrier. Even users with less or no experience can use these web-based apps on tablets or any web browsers on mobiles to design as per their need. The low cost of these solutions and ease of use is attracting significant attention in the residential market which is set to assist the market growth from 2020 to 2025

Challenges – Interior Designing SoftwareMarket

  • Use of Pirated Software

Piracy of various interior design software have risen significantly in recent years due to which the vendors have to incur serious losses in revenue streams. The design software codes are exploited by hackers to find a way to make the software work without the need for the license keys. Small and medium enterprises, especially in the APAC and South America region are using these pirated software for professional and commercial use without paying the vendors. This is set to pose a major challenge to the on-premise deployment models. However, the gradual shift to cloud technology is set to offset this challenge during the early stages of forecast period 2020-2025

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Market Landscape

Interior designing software top 10 companies operating in the market includes Autodesk, Inc, DassaultSystmes, Space Designer 3D (Asynth), Smartdraw, Llc, ROOMSKETCHER AS., Roomtodo, B.V., Trimble,  Chief Architect, Inc.,  BeLight Software Ltd and so on. The interior designing software market is analyzed to be moderately fragmented owing to the prominent concentration of the vendors in the market with innovative products and significant product differentiation

Product Launches 

  •  In September 2019, Fiverrlaunched new products for commercial and residential building design.
  •  In May 2019, Ikea’s partner Ingka bought minority stake in Home design startup Livspace. Livspace received approximately $10-15 million to develop new home interior solutions  and products

Key Takeaways 

• Computer application held the major share of interior design software market with mobile/tablet apps to witness the highest adoption rate during 2020-2025

• Residential interior design software market to grow at the highest rate owing to the growing disposable income of middle class population, driving the demand for designer interiors in residential apartments

• Europe held the major share of the Interior design software market in 2019; APAC to witness the highest growth during 2020-2025 owing to the growing constructions of residential buildings in the region

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