Report : Deck Design Software Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Deployment (Cloud and On-premises), End User (Individual and Designers), and Application (Residential and Commercial)
Rising Adoption of Deck Designing Software in Real Estate Industry to Provide Growth Opportunities for Deck Design Software Market
According to our latest market study on “Deck Design Software Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Deployment, End-User, and Application,” the market was valued at US$ 186.14 million in 2019 and is projected to reach US$ 510.66 million by 2027; it is expected to grow at a CAGR of 14.0% from 2020 to 2027.
The constantly rising standard of living among the global population is increasing their spending on building dream houses. This is influencing the adoption of modern trends, designs, and layouts in both residential and commercial complexes. Some of the recent trends of building layouts are implementation of modern/industrial aesthetic, varied-plank decking, natural materials, and composite decking, among others. These changing trends in infrastructure designing are boosting the need for designing software across the real estate industry. Chief Architect, Inc. offers home designer software to both professionals and individuals for designing outdoor living, decks, and landscapes. The solution offers Patio & Deck Software Tools, which provide easy deck designing to its clients. The tool also automatically generates a material list or creates cut and buy lists. It also offers options for deck roofs, foundations, framing, deck planking, and railing styles to choose from and customize according to specific client needs. This enables the professionals to avoid repetitive tasks, thereby reducing the time taken for the designing process. Thus, the above-mentioned factors are fuelling the growth of the deck design software market.
Geographically, North America held the largest share of the deck design software market in 2019, followed by Europe and Asia Pacific. Further, Asia Pacific is projected to witness the highest growth rate during the forecast period. The deck design software market is segmented into deployment, end-user, application, and geography. Based on deployment, the deck design software market is segmented into cloud and on-premises. The cloud segment is expected to hold a significant market share during the forecast period. Similarly, in terms of end-user, the deck design software market is segmented into individual and designers. The designers segment is expected to have a significant market share in 2019. Further, based on application, the deck design software market is segmented into residential and commercial. The commercial segment is expected to hold a significant market share during the forecast period.
Impact of COVID-19 Pandemic on Deck Design Software Market
The COVID-19 pandemic first began in Wuhan, China, during December 2019, and since then, it has spread across the world. The COVID-19 crisis is affecting industries worldwide, and the global economy witnessed the worst hit in 2020 and it is likely to continue in 2021. The closure of construction activities across the globe to combat the spread of the virus adversely affected any new adoption of technology. However, with strict social distancing norms laid down by the federal government, real estate companies are more inclined to adopt cloud solutions in order to enable remote working on designing and planning layouts of residential and commercial properties. Thus, the spread of the COVID-19 virus initially affected the deck design software market severely; however, it is expected to influence the adoption of cloud-based solution over the years.
AZEK Building Products (TimberTech); Chief Architect, Inc.; Delta Software International LLC (CAD Pro); Fiberon; Idea Spectrum, Inc.; Luxwood Software Tools; MiTek Inc.; Simpson Strong-Tie Company Inc.; SmartDraw, LLC; and Trex Company, Inc. are among the major companies operating in the deck design software market.
The report segments the global deck design software market as follows: