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How has the interior design software market grown over the years?

In recent times, the market size for interior design software has experienced a surge. It’s predicted to expand from $5.9 billion in 2024 to $6.69 billion the following year, projecting a Compound Annual Growth Rate (CAGR) of 13.3%. The historic period’s growth can be linked to factors like the widespread use of computer-aided design (CAD), a rising trend in home refurbishment, heightened globalization, shifting consumer tastes, and the increasingly prevalent awareness of sustainability.

What Is the forecasted market size and growth rate for the interior design software market?

The market for interior design software is projected to witness significant expansion in the coming years, growing to $10.87 billion in 2029 with a CAGR of 12.9%. This spike in the forecast period is due to several factors, including the growing incorporation of AI technologies, increased use of mobile devices, improved compatibility across multiple platforms, the emergence of virtual design communities and inclusion of regulatory compliance functionalities. Key trends anticipated during this period are design assistance powered by AI, targeting VR and AR technologies, rising interest in cloud-based interior design software, the creation of mobile-optimised interior design applications, and syncing with smart home appliances.

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What are the major factors driving growth in the interior design software market?

The anticipated expansion in the residential sector is predicted to boost the progression of the interior design software market. The term residential sector is defined as a distinct geographical area where permits for the construction of residential buildings or structures are issued in accordance with building and zoning guidelines. Factors contributing to this anticipated growth include an expanding population, advancements in construction technology, increased consciousness about sustainability, and changing lifestyle choices. Interior design software simplifies the process of residential design, providing tools for everything from floor planning, arranging furniture, selecting materials, and 3D rendering. For instance, the National Association of REALTORS, a US-based trade consortium, projected in April 2024 that existing home sales will surge by 9% in 2024 to a total of 4.46 million, an increase from 4.09 million in 2023. Thus, the projected expansion of the residential sector is set to fuel the growth of the interior design software market.

What key areas define the segmentation of the global interior design software Market?

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

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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What are the top market players propelling the growth of the interior design software industry?

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.

What key trends are currently impacting the interior design software market’s development?

The interior design software market is witnessing a trend where key players are investing in the development of sophisticated solutions, such as AI-oriented interior design systems, to strengthen their market position. These are software platforms that leverage artificial intelligence algorithms and technologies to aid users in interior space designing. For instance, V Starr Interiors LLC, an American company providing interior design services, unveiled Palazzo, an AI-infused platform, in March 2024. The platform is equipped with features that allow users to modify specific elements within pictures, like changing the color of a couch. It even houses a custom style quiz, designed to augment Vinci’s grasp of user preferences. Moreover, users can engage with content and get instant feedback from fellow platform users.

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What regions are dominating the interior design software market growth?

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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