IMARC Group has recently released a new research study “Interior Design Software Market: Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What Are The Growth Prospects Of The Interior Design Software Industry?
The global Interior design software market size reached US$ 4.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 7.6 Billion by 2028, exhibiting a growth rate (CAGR) of 8.8% during 2023-2028.
What Is A Interior Design Software?
Interior design software represents a computer-based tool that is used for designing and creating building plans and layouts. It is widely utilized by architects, engineers, and contractors to check the interior quality early in the design process. In addition, interior design software can also be used to place floor plans, beds, tables, doors, windows, and interior decor in a realistic, three-dimensional (3D) environment. Consequently, it aids in reducing errors, managing time, and monitoring, accessing, and identifying any disparity between the proposed design and the real building or conduction.
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What Are The Major Key Factors Driving In The Interior Design Software Market?
The expanding residential sector across the globe and the widespread adoption of the software to design the interior of private residences and work on projects from the initial planning stage or on the remodeling of an existing structure are among the key factors stimulating the interior design software market. Moreover, the escalating demand for luxurious living space, on account of the growing levels of urbanization and industrialization and the inflating disposable income levels, particularly in emerging economies, to curate cost-effective designs of kitchens, living rooms, and wardrobes is acting as another significant growth-inducing factor.
Besides this, numerous technological advancements, including the integration of artificial intelligence (AI) and virtual reality (VR) that offers realistic graphics and quick rendering services with more accurate and easy-to-understand representation, are positively influencing the global market. Furthermore, the growing popularity of the software, owing to the increasing demand to reduce overall costs, prepare a detailed layout, improve productivity, and decrease the dependency on paperwork and documentation, is also propelling the market growth. Apart from this, the rising requirement for virtual walkthroughs and the launch of several government initiatives to promote smart infrastructure are anticipated to fuel the interior design software market over the forecasted period.
Who Are The Key Players/Companies In The Global Interior Design Software Market?
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.
The report has been segmented the market into following categories:
Breakup by Application:
Breakup by End User:
- Residential Sector
- Non-Residential Sector
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom,
Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia,
Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates,
Saudi Arabia, Qatar, Iraq, Other)
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