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Residential Sector Expansion Fuels Growth In The Interior Design Software Market: Powering Innovation and Expansion in the Global Interior Design Software Market by 2025
Interior Design Software
What Is the Expected CAGR for the Interior Design Software Market Through 2025?
In the past few years, the size of the interior design software market has witnessed a rapid expansion. It is projected to surge from $5.9 billion in 2024 to $6.63 billion in 2025, registering a compound annual growth rate (CAGR) of 12.4%. Factors contributing to this substantial growth during the historical period include the increasing adoption of computer-aided design (CAD), the rising popularity of home remodelling, the effects of heightened globalization, shifting consumer tastes, and the growing emphasis on sustainability.
What's the Projected Size of the Global Interior Design Software Market by 2029?
The market size of interior design software is projected to witness significant expansion in the foroming years, potentially reaching $10.36 billion in 2029 with a CAGR of 11.8%. The anticipated growth within the forecast period could be linked to the upswing in the inclusion of AI technologies, escalated utilization of mobile gadgets, improved compatibility across platforms, emergence of virtual design communities, and incorporation of standard compliance features. The forecast period will likely experience certain trends such as AI-supported design help, rising interest in VR and AR technologies, accelerated acceptance of cloud-based interior design software, creation of mobile-compatible interior design applications, and amalgamation with smart home equipment.
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Top Growth Drivers in the Interior Design Software Industry: What's Accelerating the Market?
The expansion of the residential sector is anticipated to fuel the development of the interior design software market in the future. The term "residential sector" refers to a distinct geographical area where authorizations for constructing residential buildings or structures are given according to construction and zoning regulations. The residential sector's expansion is attributed to population growth, advances in construction technology, increased sustainability awareness, and changing lifestyle preferences. Interior design software simplifies the process of creating and visualizing residential spaces, providing tools for floor planning, furniture arrangement, material choice, and 3D visualization. For example, in April 2024, the National Association of REALTORS, a trade association from the USA, estimates that sales of existing homes will rise by 9% in 2024 to 4.46 million, from 4.09 million in 2023. Hence, the residential sector's expansion is stimulating the growth of the interior design software market.
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What Trends Will Shape the Interior Design Software Market Through 2029 and Beyond?
In a bid to stay ahead of the competition in the interior design software market, leading firms are concentrating their efforts on creating innovative solutions, such as interior design platforms powered by Artificial Intelligence (AI). This type of software leverages AI algorithms and technologies to guide users in the design of interior spaces. One example of this is the AI-driven platform, Palazzo, which was launched by V Starr Interiors LLC, a U.S. based company that provides interior design services, in March 2024. This platform boasts features that allow users to modify certain components within images, like altering the hue of a sofa. It also provides a tailor-made style quiz to improve Vinci's comprehension of the users' tastes. Plus, users have the ability to view content and gain instantaneous feedback from other users of the platform.
What Are the Main Segments in the Interior Design Software Market?
The interior design softwaremarket 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
Subsegments:
1) By Computer Application: 2D Design Software, 3D Design Software, CAD (Computer-Aided Design) Software, Virtual Reality (VR) Design Software
2) By Mobile And Tablet Application: Augmented Reality (AR) Apps, 3D Visualization Apps, Floor Planning Apps, Sketching and Drawing Apps
3) By Other Product Types: Cloud-based Interior Design Software, Web-based Interior Design Tools, Rendering Software, Product Customization Tools
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Which Top Companies are Driving Growth in the Interior Design Software Market?
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.
Which Regions Will Dominate the Interior Design Software Market Through 2029?
North America was the largest region in the interior design software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the interior design software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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