Insights on The Global Interior Design Software Market Demand With COVID-19 Recovery Analysis 2020 | Better Interior Design and Decoration to Boost Market Growth | Technavio
October 6, 2020
LONDON–(BUSINESS WIRE)–The global interior design software market size is poised to grow by USD 188.77 million during 2020-2024, progressing at a CAGR of over 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of the Market Impact of COVID-19.
The global interior design software industry is driven by its ability to deliver 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 final product. 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).
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The major interior design software market growth came from the non-residential segment in 2019, and the segment is expected to witness the fastest growth during the next five years. Interior design software is mainly used in the non-residential sector to design and visualize the position of furniture and doors and windows before construction, as space constraint is a major factor in the non-residential sector.
APAC was the largest interior design software market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to the increase in the demand for construction services in developing countries, such as Japan, China, and India.
The global interior design software market is fragmented. Asynth SAS, Autodesk Inc., Dassault Systemes SE, Decolabs, Home Hardware Stores Ltd., Planner 5D, RoomSketcher AS, Roomtodo OU, SmartDraw Software LLC, and Trimble Inc. are some of the major market participants. To help clients improve their market position, this interior design software market forecast report provides a detailed analysis of the market leaders.
As the business impact of COVID-19 spreads, the Global interior design software Market 2020-2024 is expected to have Positive & Superior growth. As the pandemic spreads in some regions and plateaus in other regions, we will revaluate the impact on businesses and update our report forecasts.
Read the full report here: www.technavio.com/report/interior-design-software-market-industry-analysis
Increased Usage of Cloud-Based Software will be a Key Market Trend
The cloud-based interior design software is increasingly being adopted by several organizations, owing to benefits such as reduced operating costs and increased scalability. The cloud-based interior designing software helps companies to make changes in interior design software in a less amount of time. Several governments across the world are implementing cloud services, and passing regulations and standards on cloud computing. This has further fueled the usage of cloud-based software, which is expected to be one of the interior design software market’s emerging trends that will influence market growth.
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CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist interior design software market growth during the next five years
Estimation of the interior design software market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the interior design software market
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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Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Application
Comparison by Application
Non-residential – Market size and forecast 2019-2024
Residential – Market size and forecast 2019-2024
Market opportunity by Application
North America – Market size and forecast 2019-2024
Europe – Market size and forecast 2019-2024
APAC – Market size and forecast 2019-2024
South America – Market size and forecast 2019-2024
MEA – Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market positioning of vendors
Dassault Systemes SE
Home Hardware Stores Ltd.
SmartDraw Software LLC
Scope of the report
Currency conversion rates for US$
List of abbreviations
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