NEW YORK, August 10, 2023 (Globe Newswire) — Reportlinker.com announces the release of the report “APAC Interior Design Software Market Size and Share Analysis – Growth Trends and Forecasts (2023-2028)” – https: //www .reportlinker.com/p06484292/?utm_source=GNW
APAC interior design software market size is expected to grow from USD 1.06 billion in 2023 to USD 1.79 billion by 2028, at a CAGR of 11.10% during the forecast period (2023-2028) .
Interior design software is essential for building apartment plans and making the most of your space. The interior design market also sees an increase in the need for such software in the region due to the growth in the construction market in India and China during the forecast period. Other countries expected to drive demand for interior design software in the region are Australia, Indonesia, Singapore, South Korea, and Malaysia.
One of the main reasons for the increase in demand for interior design software is the increased productivity that comes from reducing reliance on paperwork and documentation. It also helps businesses reduce the total cost of interior design by providing advanced budgeting features. Architects can also use this program to create complete floor plans with the correct dimensions, flooring, windows, walls, doors, lighting, cabinetry, and furniture.
Rising need for interior design and decoration in commercial, residential, and construction sectors is driving the APAC interior design software market. With advances in artificial intelligence AR/VR, businesses are spending millions to create web apps that are easy to use and provide cutting-edge user engagement and experiences.
Additionally, this software allows architects to create detailed floor layouts with correct proportions, floor coverings, windows, walls, doors, lighting, cabinetry, furniture, and more. Additionally, the government’s contribution in accelerating the expansion of the construction and real estate sector is also propelling the market.
However, concerns about interoperability with interior design software are hindering industry expansion. In the initial stages of software implementation, there is a setup fee that includes the cost of the interface, accessibility, and devices used for data entry, as well as a separate subscription fee that users must pay monthly or annually. Initial costs are expected to be quite expensive when compared to subscription fees, which is expected to limit the growth of the Asia Pacific construction management software market.
The coronavirus outbreak forced many small and essential businesses to close, and many others responded by going virtual. Interior design is one of the businesses he has avoided complete closure by adapting to the needs of the modern environment. The interior designer conducted a virtual tour of the location where the client was looking for a design. We used Zoom calls for sales, consultations, and chats. However, the commercial construction industry was expected to be hit hardest due to reduced income and suspension of activities during the lockdown.
APAC interior design software market trends
Residential sector is expected to hold significant market share
The housing sector is expected to grow the fastest over the forecast period due to population growth and rising demand for comfortable and comfortable living conditions. Additionally, as technology advances, homes are no longer just places to live. In Asia Pacific, millennials with unique lifestyles believe that home design should express their individuality. Most homeowners prefer a design company that understands their vision and can develop cost-effective ideas for kitchens, living rooms, closets, and more.
According to the Population Standards and Demographic Bureau, the world’s degree of urbanization in 2022 was 57 percent, 52 percent, and 67 percent in Asia and Oceania, respectively.
A startup is disrupting the local interior design industry. Livspace has become one of the leading home interior design and renovation platforms in India. The business has built over 5,000 of his homes totaling over 2 million square feet and collaborates with over 2,000 other designers. The business has successfully built a strong brand presence in partnership with Brand Capital, the strategic investment arm of Times Group.
Moreover, the rapid increase in local building standards and norms in current housing in this century and population growth require designers to immediately respond in terms of rationalization of space to accommodate the lack of architectural living space. sexuality is on the rise. Moreover, the upcoming smart city and smart house initiatives in the Asia-Pacific region are expected to increase the residential segment market over the forecast period.
China is expected to hold significant market share
The country segment of China is expected to grow significantly during the forecast period. The architectural infrastructure plans of Chinese countries have been revised, which will greatly contribute to the expansion of the interior design software market in the Asia-Pacific region.
Population growth and urbanization in the region’s major cities, such as Tokyo and Beijing in China, accelerated growth in the residential sector. Recently, China’s five-year national development strategy was announced. In the 14th Five Year Plan (2021-2025), the government aims to increase urbanization by 10 million people every year until the end of 2025, with a goal of 65% urbanization.
According to the National Bureau of Statistics of China, in 2022, about 65.2 percent of China’s total population lived in cities. China’s urbanization rate has steadily increased over the past few decades.
Additionally, interior design companies are leveraging augmented reality, virtual reality, cloud computing, and 3D technologies to meet the growing demand and provide seamless home interior and remodeling experiences to their customers. 3D platform suppliers include Cedro. Cedro is an online 3D home design platform used by professional home builders, remodelers, and interior designers to develop their 2D and 3D floor plans and interior and exterior renderings.
Additionally, companies such as Livspace, HomeLane, Bonito Designs, Infurnia, and Spacejoy are looking to significantly advance in the category by using the capital to expand their user base. From getting to know their clients to designing and delivering the final product, these organizations are bringing investors into the industry while providing a wealth of opportunities for diverse new talent.
APAC Interior Design Software Industry Overview
The APAC interior design software market is consolidated by the presence of major players such as Dassault System SE, Autodesk Inc, Trimble, Inc., Foyr LLC, Infurnia Technologies Pvt. Market players are adopting strategies such as partnerships, mergers, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In November 2022, Trimble and HP collaborated to integrate Trimble’s latest robotic total station with HP’s new SitePrint robotic layout technology. This solution aims to improve the layout process for interior architecture projects.
In March 2022, Autodesk, Inc. announced that it had signed a definitive agreement to acquire The Wild, a cloud-connected augmented reality (XR) platform. This includes the company’s namesake solutions, The Wild and IrisVR. This acquisition enables Autodesk to address the growing need for advances in augmented reality (AR) and virtual reality (VR) technology within the AEC industry and further support AEC customers throughout the project delivery lifecycle. Become.
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