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Interior Design Software Market is expected to grow at a CAGR of over 9.5% during the forecast period (2018 - 2023).Growing preference for better interior design and decoration is one of the primary drivers of the interior design software market. Besides, the high degree of infrastructure developments in developed and developing countries is boosting the growth of the market. For instance, United States has an excellent infrastructure where roadways connect all the 50 states and expressways service 90% of all the major towns and cities. Moreover, China’s impressive infrastructure building targets to 2020 are set to bring the significant flow of infrastructure projects on stream. The rise in government initiatives for promoting construction and real estate worldwide and growing need for higher productivity will further fuel the demand over the forecast period. However, Interoperability issues with the interior design software are hampering the market growth.
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Need for Better Interior Design and Decoration
The development of infrastructure worldwide had increased the need for better interior design and decoration. Interior design software plays a significant role in meeting the demand of the end users. The software allows the architects to check the quality of interior settings at an early stage of the designing process. Besides, it helps them to access, monitor and identify any disparity between the proposed design and the real building. With the help of interior design software, architects can take the preventive measures, thereby reducing the need for remodeling and rebuilding. Many of the interior design software today includes a complete list of furnitures such as beds, windows, doors, and tables of unique designs. This helps the designer to develop an accurate model of the room. Companies like Trimble are also offering the interior design software for free and paid versions.
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Asia-Pacific is Projected to Witness the Fastest Growth
Asia-Pacific region is projected to witness the fastest growth over the forecast period due to increase in demand of interior design software from the countries in the region. The region will be witnessing a rise in growth of the construction markets in countries like India and China over the forecast period. This growth will be mainly from the infrastructure sectors and buildings such as rail, road, airports, and bridges. In India, the construction sector will be driven by the increasing need for residential buildings in cities such as New Delhi, Bangalore, and Mumbai. The high-end residential buildings are being built by considering the interior design before the initial plans are drawn. The other countries which will augment the demand for interior design software in the region are Singapore, Australia, Malaysia, and Japan.
Key Developments in the Interior Design Software Market
July 2018: Autodesk, Inc had announced the acquisition of Salem, Massachusetts-based Assemble Systems to strengthen building project lifecycle. Over the time, Assemble Systems' preconstruction software will integrate into Autodesk's BIM 360 project management platform.
July 2018: Trimble completes the acquisition of Viewpoint, who is a leading provider of scalable construction management software, which integrates contractor’s resource and financial management with project jobsite, operations and field.
Interior Design Software Market Major Players: AUTODESK, INC, DASSAULT SYSTEMES SE ADR, TRIMBLE, INC, SMARTDRAW, DECOLAB, ROOMTODO OU, PLANNER 5D, ROOMSKETCHER AS, SPACE DESIGNER 3D, BELIGHT SOFTWARE LTD, CHIEF ARCHITECT, INC, INFURNIA TECHNOLOGIES PVT LTD, EASTERNGRAPHICS GMBH(PCON PLANNER), and INNOPLANNER, among others.
Reasons to Purchase Interior Design Software Market Report
Current and future interior design software market outlook in the developed and emerging markets
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
The segment that is expected to dominate the market
Regions that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in Excel).
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Companies Mentioned:
Autodesk, Inc, Dassault Systemes SE ADR, Trimble, Inc, SmartDraw, Decolab, Roomtodo OU, Planner 5D, RoomSketcher AS, Space Designer 3D, BeLight Software Ltd, Chief Architect, Inc, Infurnia Technologies Pvt Ltd, EasternGraphics Gmbh(PCon Planner), and Innoplanner
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