The industrial design services market is expected to change in the forecast period (2017-2021) by implementing big data analytics in their system and product design services. Big data analytics is defined as the process of examining large data sets to determine hidden pattern, correlations, market trends, and customer preferences. With around 50 billion devices to be connected to the internet by 2020, data analytics is going to enable designers to improve their services by gaining customer feedback and eliminating design flaws. Major companies are investing in big data analytics to understand their customer better to provide them with experience design. For instance, in 2016, ESI Group, a virtual prototyping software company, acquired Mineset Inc. to support the company’s big data correlation detection. Mineset will perform data analytics and further integrate it with machine learning technology to identify patterns in products.
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3D printing has enabled faster options of prototyping new designs in the fashion industry. It is defined as the process of creating a physical object from a 3D digital model by laying down many thin layers of material in a successive manner. The use of 3D printing technology by fashion design service providers has enabled customers to customize the product and also cut down the upfront cost for fashion designers. For instance, in 2018, during the Paris Fashion Week, Dutch designer, Iris van Herpen showcased her 3D printed dress wherein each of the 21 garments are made using a cutting-edge digital technology such as laser-cutting, parametric design or 3D printing. This trend is further driven by the availability of prototyping 3D printers at a cost not more than $5,000 thus, enabling designers to reduce the development timeline at lower cost.
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Specialized design services comprise companies that are involved in planning, designing and administering projects as per client needs and specifications. The specialized design services market does not include architectural, engineering and computer system design services.
Professional services market, of which specialized design services market is a segment, is a broad market which comprises varied occupations which provide support to businesses of all sizes and in all industries. The business entities which are engaged in providing professional services are generally referred to as professional service organizations (PSOs) or professional service firms (PSFs).
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The design services market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast growth by geography. It places the market within the context of the wider professional services market, and compares it with other markets.