Global Interior Design Software Market 2023-2030

Global Interior Design Software Market 2023-2030

Global Interior Design Software Market Size, Share & Trends Analysis Report by Application (Residential Sector and Non- Residential Sector), and by End-User (Individual and Enterprise) Forecast Period (2023-2030)

The global interior design software market is anticipated to grow at a significant CAGR of 11.2% during the forecast period. Improved space efficiency, enhanced safety standards, accurate resource calculation, streamlined workflow, greater collaboration, real-time problem solving, and scalability are the benefits offered by interior design software. The increased adoption of such software owing to its offered benefits is a key factor driving the market growth globally. Artificial Intelligence (AI) has been disrupting interior design for several years, though the recent launch of ChatGPT has pushed generative AI into the mainstream and it is powering easy-to-follow online design tools. For instance, in April 2023, Collov launched an updated version of its product CollovGPT. The GPT stands for Generative Pre-Trained Transformer, which is a type of language model that conducts natural languages processing tasks, like question-answering, and text generation.

Furthermore, the rapidly growing urbanization is another prominent factor contributing to the market growth. According to the latest World Urbanization Prospects, the report on urbanization drafted by the UN DESA, over 6 billion people is estimated to reside in cities by 2045. Additionally, there has been a sharp growth in housing demand as Tier 2 and Tier 3 cities spread across Asian nations such as China and India.

In November 2023, Online furniture retailer Wayfair launched Decorify, a novel generative AI solution that reimagines the entire interior design process. Available in a pilot program, the offering allows users to envision their homes in different styles by simply uploading a picture of their space. Using the uploaded image as a starting prompt, Decorify generates multiple interior design options while giving direct links to make relevant purchases. Such developments are contributing to the market growth. However, the high cost of these software and services along with interoperability issues associated with these software restrains the global market growth.

Segmental Outlook

The global interior design software market is segmented based on application and end-user. Based on application, the market is bifurcated into residential sector and non-residential sector. Among these, the residential sector is expected to hold a considerable share in the global market. Significant growth in the residential sector globally, has driven the growth of this market segment. The interior design software is widely used to design the interior of private residences and work on projects from the initial planning stage or on the remodeling of an existing structure. In line with this, the rising demand for luxurious living space, due to rapid urbanization, industrialization, and inflating disposable incomes, particularly in emerging economies, to curate cost-effective designs of kitchens, living rooms and wardrobes is further contributing to the segmental market growth. Furthermore, based on the end-user, the market is sub-segmented into individual and enterprise.

Regional Outlook

The global interior design software market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Among these, Asia-Pacific is expected to be the fastest-growing region owing to the rapidly developing construction industry and growing regional disposable incomes.

The North America Region held Considerable Share in the Global Interior Design Software Market

North America to hold a considerable share in the global interior design software market. High expenditure on standard of living, high disposable income, along with the presence of key providers are some of the key factors contributing to the regional market growth. Key providers are focusing on adopting strategic initiatives which is further supporting the market to grow in the region. For instance, in March 2022, Autodesk, Inc. signed a definitive agreement to acquire The Wild, a cloud-connected, extended reality (XR) platform, which includes its namesake solutions, The Wild, and IrisVR. This acquisition enables Autodesk to meet increasing needs for augmented reality (AR) and virtual reality (VR) technology advancements within the AEC industry and further support AEC customers throughout the project delivery lifecycle.

Market Players Outlook

The major companies serving the global interior design software market includes Autodesk Inc., Dassault Systemes SE, Trimble Inc., SmartDraw LLC, and Foyr LLC others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2022, Spain-based Construcciones y Auxiliar de Ferrocarriles (CAF) implemented the 3DEXPERIENCE platform from Dassault Systèmes to enhance productivity across its value network. The 3DEXPERIENCE platform is a collaborative environment that enables businesses to innovate in completely new ways. It offers the organizations a holistic, real-time view of their business activity and ecosystem, connecting ideas, people, data, & solutions in a single environment.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global interior design software market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.