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Interior Design Software Market Size, Trends, Latest Insights, Analysis And Forecast 2024-2033
Interior Design Software Market Size
As per the report, the interior design software market size has grown rapidly in recent years. It will grow from $5.24 billion in 2023 to $5.90 billion in 2024 at a compound annual growth rate (CAGR) of 12.7%. The interior design software market size is expected to see rapid growth in the next few years. It will grow to $9.64 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%.
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Residential Sector Expansion Fuels Growth In The Interior Design Software Market
The growth in the residential sector is expected to propel the growth of the interior design software market going forward. The residential sector refers to a specific geographic region where permits are granted to construct residential buildings or structures according to building and zoning regulations. The growth in the residential sector is due to the increasing population, advances in construction technology, growing awareness of sustainability, and evolving lifestyle preferences. Interior design software streamlines the creation and visualization of residential spaces, offering tools for floor planning, furniture arrangement, material selection, and 3D rendering. For instance, in April 2024, according to the National Association of REALTORS, a US-based trade association, it is projected that existing home sales will increase by 9% in 2024 to reach 4.46 million, up from 4.09 million in 2023. Therefore, the growth in the residential sector is driving the growth of the interior design software market.
Recent Developments In AI-Powered Interior Design Software
Major companies operating in the interior design software market are focusing on developing advanced solutions, such as AI-based interior design platforms, to gain a competitive edge in the market. An AI-based interior design platform is software that utilizes artificial intelligence (AI) algorithms and technologies to assist users in designing interior spaces. For instance, in March 2024, V Starr Interiors LLC, a US-based firm offering interior design services, launched Palazzo, an AI-powered platform. The platform incorporates features enabling users to edit specific elements within images, such as adjusting the color of a couch. It also includes a personalized style quiz designed to enhance Vinci's understanding of users' preferences. Additionally, users can access content and receive real-time feedback from other platform users.
The interior design software market covered in this report is segmented -
1) By Product Type: Computer Application, Mobile And Tablet Application, Other Product Types
2) By Deployment: On-Premises, Cloud-Based
3) By Functionality: Two-Dimensional (2D) Design Tools, Three-Dimensional (3D) Design Tools, Virtual Reality (VR) Tools, Augmented Reality (AR) Tools
4) By Application: Individual, Enterprise
5) By End User: Residential Sector, Non-Residential Sector
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Major companies operating in the interior design software market are Dassault Systemes SE, Autodesk Inc., Trimble Inc., Houzz Inc., Homestyler, Foyr LLC, Chief Architect Inc., SmartDraw LLC, EasternGraphics GmbH, Sweet Home 3D, AutoCAD, Infurnia Technologies Pvt. Ltd, Cedreo ltd., Roomstyler Ltd., 3Ds Max, ECDESIGN Sweden AB, Decolabs, Mydoma Inc., Design Manager, DesignSpec Ltd., Adobe Substance 3D, TurboCAD Ltd., BeLight Software Ltd, RoomSketcher AS, Asynth.
Contents of the report:
1. Executive Summary
2. Interior Design Software Market Report Structure
3. Interior Design Software Market Trends And Strategies
4. Interior Design Software Market - Macro Economic Scenario
5. Interior Design Software Market Size And Growth
…..
27. Interior Design Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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