Interior Design Software Market Size

Interior Design Software Market Analysis

The Interior Design Software Market size is estimated at USD 6.13 billion in 2024, and is expected to reach USD 10.54 billion by 2029, growing at a CAGR of 11.44% during the forecast period (2024-2029).

The development of infrastructure on a global basis has increased the need for better interior design and decoration. Also, the continuous increase in cloud-based software usage and rising demand for better interior design and decoration are expected to drive the market's growth.

• One of the key drivers behind the rise in the demand for interior design software is the improved productivity gained by minimizing dependency on paperwork and documentation. This also assists the organizations in lowering their overall cost related to interior design by providing advanced budgeting tools. In addition, the software enables architects to prepare a detailed floor layout, including accurate measurements, flooring, windows, walls, doors, lighting, cabinets, and furniture.
• Architects can detect problems before they arise by using interior design software, thereby cutting down on the need for renovation and construction. Around the world, the number of interior design firms is steadily growing, and the revenues generated by the firms are also increasing. Additionally, VR in interior design solutions is anticipated to dramatically increase over the projection period due to the development of 5G and the growing computing power of devices, enabling the visuals to render more quickly and with greater realism.
• Virtual walkthroughs are becoming highly popular among architecture firms as they help businesses grow and obtain a true understanding of their clientele. For instance, WHA Architecture in the US offers its clients a virtual 360-degree visualization of the project using Autodesk CAD, Sketchup, Lumion, and Vray solutions.
• Owing to such growth in demand for interior design, various vendors offering internal design software are also observing a significant increase in investments. For instance, in January 2022, Infurnia, a cloud-based interior design software platform, declared that it plans to raise INR 40 Cr in an initial public offering (IPO) on the BSE Startup Platform. According to the startup, this is the largest fundraising event in the BSE SME and BSE Startup categories so far this year. It raised INR 4 Cr ($530k) in a Pre-IPO funding round led by Jaipur Rugs, its director Yogesh Chaudhary, and some existing investors.
• Many small and large businesses were forced to close due to the COVID-19 pandemic, while many others reacted by going virtual. One industry that has avoided a total shutdown by adapting to the demands of the current environment is interior design. Virtual tours of the places their clients are searching for a design are conducted by interior designers. Zoom calls are utilized for transactions as well as consultations and conversations. However, due to the declining income and the stoppage of their operations during the lockdown, the commercial building industry is anticipated to suffer the most.