LONDON, Nov. 02, 2021 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the specialist design services market, the market is segmented by type into interior design services, graphic design services, industrial and fashion design services and other design services. The interior design services market was the largest segment of the specialized design services market segmented by typeaccounting 29.8% of the total in 2020. Going forward, the interior design services market should be the fastest growing segment in the Specialized Design Services Market segmented by Type, at a 9.2% CAGR during the period 2020-2025.
The global specialist design services market is expected to grow from $119.05 billion in 2020 to $127.11 billion in 2021 at a compound annual growth rate (CAGR) of 6.8%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market should reach $174.21 billion in 2025 at 8% CAGR.
The trade research company’s report titled Specialty Design Services Global Market Report 2021 – By Type (Interior Design Services, Graphic Design Services, Industrial Design Services, Fashion and Other Design Services), By Mode (Online, Offline), COVID-19 Impact and Recovery Covers Key Specialty Design Services Companies, Specialty Design Services Market Share by Company, Specialty Design Services Manufacturers, Specialty Design Services Market Size specialized design services and specialized design services market forecast. The report also covers the global specialized design services market and its segments.
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The landscape of interior design services is rapidly changing as companies offer their design services and themes online. Online crowdsourcing allows clients to submit photos of a space online, and interior design service providers send design ideas and style boards relevant to the space directly to clients. Once the client selects a design, they receive a personalized floor plan and shopping list with instructions. For example, Laurel and Wolf in the United States offers interior design and decorating services to customers online through its crowdsourcing platform.
Companies in the interior design services market are focusing on the new trend of electronic design and virtual design to provide personalized services to customers. E-design is an interior design service offered entirely online, it is a simple and affordable alternative to traditional interior design as the service is performed virtually eliminating the need for in-person meetings and travel. Companies are focusing on investing in electronic design and virtual design and simultaneously opting for mergers and acquisitions to bring more advancements in electronic design technologies. Foyr Neo is one such interior design software that lets you plan, create, and render 2D and 3D spaces. It not only allows people to customize the perfect design of their taste, but also saves them a lot of money.
North America was the greater region in the specialist design services market, representing 34.8% of the total in 2020. It was followed by Asia-Pacific, then the other regions. In the future, the fastest growing regions in the specialized design services market will be South America and Eastern Europe where growth will be CAGR of 13.9% and 12.7% respectively. Next is the Middle East and Africa, where the markets are expected to grow at CAGRs of 12.0% and 11.6% respectively.
Top Opportunities in the Specialized Design Services Market Segmented by type will arise in the interior design services segmentwho will win $20.0 billion of global annual sales by 2025. The best opportunities in the segment by mode will arise in the offline segmentwho will win $35.2 billion of global annual sales by 2025. Specialized design services market size will gain the most in the UNITED STATES at $13.4 billion.
Global Specialized Design Services Market Report 2021 – COVID-19 Impact And Recovery is part of a series of new reports by The Business Research Company that provide Specialized Design Services market overviews, analyzes the Specialized Design Services market and forecast market size and growth for the overall market, Specialty Design Services market segments and geographies, Specialty Design Services market trends, Specialty Design Services market drivers, Market restraints specialized design services, revenue, profiles and market shares of the leading specialized design services market competitors in more than 1000 industry reports, covering more than 2,500 market segments and 60 geographies.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
Here is A List of similar reports from the trade research company:
Global Design, Research, Promotion and Consulting Services Market Report 2021 – By Type (Photographic Services, Market Research Services, Advertising, PR and Related Services, Scientific Research and Development Services, consulting services, management consulting services, specialized design services, architectural services, engineering consultants and related services), by mode (online, offline), impact and recovery of COVID-19
Global Design, Editing and Rendering Software Market Report 2021 – By Type (Engineering Design Software, Animation and Visual Effects Design Software, Image/Video Editing and graphic design), by application (industrial engineering, games, video, other), COVID-19 Impact and recovery
Global Architectural, Engineering and Related Services Consultants Market Report 2021 – By Type (Engineering Services, Architectural Services, Surveying and Mapping Services, Geophysical Services, Laboratory Testing Services, building inspection, drafting services), airport, pipeline, electrical), COVID-19 impact and recovery
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