Interior Design Software Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Interior Design Software Market is segmented by End User (Residential Sector and Non-residential Sector) and Geography.

Market Snapshot

interior design software market
Study Period:

2018 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

Europe

CAGR:

9.07 %

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Market Overview

The interior design software market was valued at USD 3,829 million in 2020, and it is expected to reach USD 6,433.9 million by 2026, registering a CAGR of 9.07% during the forecast period (2021 - 2026). The development of infrastructure, worldwide, increased the need for better interior design and decoration. With interior design software, architects can take preventive measures, thus reducing the need for remodeling and rebuilding.

  • The number of interior design firms is increasing significantly across the world, and with it, the revenues generated by the firms is increasing as well. According to Sandow's Interior Design resource, in 2019, the global value of interior design fees stood at around USD 5 billion and observed a growth of nearly USD 600 million, compared to the previous year.
  • One of the major drivers behind the demand for interior design software is the improved productivity gained by reducing dependency on paperwork and documentation, and this also helps the organizations to reduce their overall cost related to interior design by offering enhanced budgeting tools. Moreover, the software enables architects to prepare a detailed layout of the floor, including accurate measurements, flooring, windows, walls, doors, lighting, cabinets, and furniture.
  • Virtual walkthroughs are increasingly becoming common among architecture firms, as it helps convert the businesses and gain a correct point of view of the clients. For instance, WHA Architecture in the United States is using Autodesk CAD, Sketchup, Lumion, and Vray solutions and enables its clients to virtually visualize the project via a 360-degree rendering.
  • With the advent of 5G and the increasing power of computational devices, VR application in the interior design solutions is expected to grow significantly during the forecast period, and this allows graphics to become more realistic and render fast.
  • With the recent outbreak of Covid-19, home-buying decisions are expected to be postponed by a majority of buyers till the mid of 2021. Various business enterprises are also expected to either halt or postpone their commercial office expansion plans for the same period, and such developments are expected to impact the demand for interior design software negatively. The commercial building sector is expected to be the worst hit due to slumping revenues and closure of their businesses during the lockdown period.

Scope of the Report

Interior design software enables architects to create floor plans and design spaces with ease and efficiency. The solution has various combinations of features, such as 2D space planning and floor plan creation, 3D designing, and modeling with rendering. The solution is typically downloaded or accessed via the internet.

The study under consideration deals with market trends, growth, and estimated numbers of the market segmented by end-user sectors, such as residential and non-residential, by geography covering North America, Europe, Asia-pacific, Latin-America, and Middle East & Africa. Competitive intelligence covers vendor profiles with segment and regional details, solutions, and recent developments.

End User
Residential Sector
Non-residential Sector
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

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Key Market Trends

Residential Sector to Witness the Highest Growth

  • Owing to the growing population and rising demand for a pleasant and comfortable living space, the residential sector is expected to have the highest growth rate over the forecast period.
  • Residential design involves the design of the interior of private residences. The interior designer might work on a project from the initial planning stage or may work on the remodeling of an existing structure.​
  • With the increasing technological innovations, setting up a home is no longer a household affair. In the current scenario, many millennials who have unconventional living patterns, consider their home decor as a reflection of their personality. Most homeowners prefer designing firms who can understand their vision and curate cost-effective designs for kitchens, living rooms, wardrobes, etc.
  • Capturing this demand, the interior designing companies are using augmented and virtual reality, cloud computing, and 3D technology to offer customers seamless home interiors and renovation experience. Also, catching on the trend, startups like Livspace, HomeLane, Bonito Designs, Infurnia, and Spacejoy are eyeing significant growth in the segment by leveraging the funds to increase their user base.
Interior Design1.png

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Asia-Pacific to Register the Highest Growth

  • The Asia-Pacific segment is expected to have the highest growth rate during the forecast period. Building infrastructure plans in the countries, such as China and India, are anticipated to be a significant contributor to the growth of the Asia-Pacific segment.
  • ​According to the market study, India is expected to rank third in terms of volumes of constructions by 2030 with a target of 11 million buildings to be constructed, therefore highlighting bright prospects for the market studied.
  • ​Growing urbanization and population growth in major cities in the Asia-Pacific, such as Beijing, China; Tokyo, Japan; and Mumbai, India, has led to an augmented increase of residential apartments. For instance, according to the World Bank, the urbanization rate in China increased to 60.60% in 2019 from 57.90% in 2017.
  • Start-ups are disrupting the interior design ecosystem in the region. For instance, Livspace has grown to become one of India's largest home interiors and renovation platform. The company has designed over 5,000 homes, a whopping 2 million square feet, and works with over 2,000 design partners. The company partnered with Brand Capital, the strategic investment arm of The Times Group, and was able to create a strong brand presence.
geo1.png

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Competitive Landscape

The interior design software market is moderately competitive. The regional vendors are focusing on providing cost-effective solutions with limited operational capabilities and at comparatively lower prices than the international players. Major players in the market are Autodesk Inc., Dassault Systemes SE, Trimble Inc., among others.

  • April 2020 - Autodesk released 3Ds Max 2021 version. The latest version from the company focuses on rendering and textures by leveraging the improvements in performance. The version also added support for python 3, scriptable baking, and more focus on CAD-related workflows and interoperability with Autodesk's CAD tools, such as AutoCAD and Revit.
  • March 2020 - Trimble Inc. announced that its subsidiary Sketchup's app called SketchUp Viewer for VR, now added support to all the major VR headsets, including the latest editions of Oculus Quest and SteamVR. All the users need is a cable to setup leveraging, which users would be to view of their SketchUp models in VR.​

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions​ and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview​

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis​

      1. 4.2.1 Bargaining Power of Suppliers​

      2. 4.2.2 Bargaining Power of Consumers​

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Intensity of Competitive Rivalry​

      5. 4.2.5 Threat of Substitutes

    3. 4.3 Market Drivers

      1. 4.3.1 Want for better interior design and decoration

      2. 4.3.2 Rise in Government Initiatives for Promoting Construction and Real-estate Worldwide

    4. 4.4 Market Challenges

      1. 4.4.1 Interoperability Issues with Interior Design Software

    5. 4.5 Assessment of Impact of Covid-19 on the Industry

  5. 5. MARKET SEGMENTATION

    1. 5.1 End User

      1. 5.1.1 Residential Sector

      2. 5.1.2 Non-residential Sector

    2. 5.2 Geography

      1. 5.2.1 North America

      2. 5.2.2 Europe

      3. 5.2.3 Asia-Pacific

      4. 5.2.4 Latin America

      5. 5.2.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Autodesk Inc.

      2. 6.1.2 Dassault Systemes SE

      3. 6.1.3 Trimble Inc.

      4. 6.1.4 SmartDraw LLC

      5. 6.1.5 Foyr LLC

      6. 6.1.6 Roomtodo OU

      7. 6.1.7 ECDESIGN Sweden AB

      8. 6.1.8 RoomSketcher AS

      9. 6.1.9 Space Designer 3D

      10. 6.1.10 BeLight Software Ltd

      11. 6.1.11 Chief Architect Inc.

      12. 6.1.12 Infurnia Technologies Pvt. Ltd

      13. 6.1.13 EasternGraphics GmbH

      14. 6.1.14 InnoPlanner Ltd

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Interior Design Software Market market is studied from 2018 - 2026.

The Interior Design Software Market is growing at a CAGR of 9.07% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

  • Autodesk Inc.
  • Dassault Systemes SE
  • Trimble Inc.
  • SmartDraw LLC
  • Foyr LLC

Are the major companies operating in Interior Design Software Market.

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