Diagramming Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Deployment Type (Cloud and On-Premises), Enterprise Size (Small and Medium-Size Enterprises and Large Enterprises), and Application (Educational Institutions, Corporates, and Personal)
Publication Month: Sep 2021 | Report Code: TIPRE00011177 | No. of Pages: 150 | Category: Technology, Media and Telecommunications | Status: Published
The diagramming software market is expected to grow from US$ 700.00 million in 2021 to US$ 1313.66 million by 2028; it is estimated to grow at a CAGR of 9.4% during 2021–2028.
The diagramming software is experiencing a rise in adoption across both large enterprises and small and medium enterprises over the years. Enterprises are adopting these solutions for various applications including flowchart, mind map, organization chart, timeline, and grant chart. The adoption of diagramming software enables to define workflow and hierarchy in a better manner, thereby offering transparency among organizations. Additionally, the diagramming software are useful for various departments of an organization. These solutions are applied across departments such as marketing, human resources, operations, and engineering. These solutions help different departments to create flowcharts, customer journey mapping, process diagrams, project mapping, and timeline diagrams. Companies such as Lucid Software Inc. and Cinergix Pty Ltd are offering different solutions for each department based on their requirements. These solutions are also able to easily collaborate on a real-time basis with the teams across remote locations. Thus, the above-mentioned factors are influencing the rapid adoption of diagramming software across enterprises, thereby contributing to the growth of the Diagramming Software market
Impact of COVID-19 Pandemic on Diagramming Software Market
Owing to the sudden COVID-19 outbreak, most of the individuals are working from home and spending more time online, which is boosting the shift to digital technology adoptions. The rising demand for digital resources is stressing the systems of several software and platform organizations and hindering their capability to serve services with reliability and quality. The need for collaboration among team members during presentations and meetings has propelled the adoption of collaboration enabled diagramming software across the region. All these factors are positively impacting the growth of the diagramming software market.
Lucrative Regions in Diagramming Software Market
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Market Insights–
Diagramming Software Market
Rising Adoption of Cloud-Based Diagramming Software across Organizations
Owing to the rise in industrialization and globalization initiatives in both developed and developing countries, business activities are growing across all industries. Additionally, it has been observed that more than 75% of enterprises worldwide are planning to adopt digital transformation to have business recovery out of 2020. The enterprises are looking ahead to adopt cost-effective and collaborative solutions to accomplish their pre-determined digital goals. For instance, penetration of free and cloud-based platforms such as diagramming software is expected to gain high momentum. The cloud-based platform assists teams to track, collaborate, and possibly manage workflows. The diagramming solutions enable the end users to automate the management approval workflow process for business and release complete transparency.
Enterprise Size Based Insights
Based on enterprise size, the diagramming software market is bifurcated into small and medium-size enterprises and large enterprises. The large enterprises segment held a larger market share in 2020.
Strategic Insights
Players operating in the diagramming software market are mainly focused on the development of advanced and efficient products.
- In 2021, The Wondershare EdrawMind Version 9.0 integrated new UI, and advanced features such as outline mode and branch-free positioning. This new launch is expected to provide a smoother and faster working experience and meet the growing needs of its users
- In 2021, Edrawsoft launched its new Wondershare EdrawMax 11.0 version for better customer experience. The new solution comprises diagram options for diverse user scenarios and abundant diagram templates for different industries.
The diagramming software market has been segmented as follows:
Diagramming Software Market – by Deployment Type
- Cloud
- On-Premises
Diagramming Software Market – by Enterprise Size
- Small and Medium-Size Enterprises
- Large Enterprises
Diagramming Software Market – by Application
- Educational Institutions
- Corporates
- Personal
Diagramming Software Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Middle East Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America
- Brazil
- Argentina
- Rest of SAM
Diagramming Software Market – Company Profiles
- CREATELY (CINERGIX PTY LTD)
- Microsoft Corporation
- SmartDraw, LLC
- DRAW.IO (//SEIBERT/MEDIA GMBH)
- MYDRAW (NEVRON SOFTWARE LLC)
- Edrawsoft
- Gliffy (Perforce Software, Inc.)
- Lucid Software Inc
- Nulab Inc.
- Samepage.io
Frequently Asked Questions
Rising Adoption of Cloud-Based Diagramming Software across Organizations
Major players operating in the global diagramming software market include Cinergix Pty Ltd, Edrawsoft, Gliffy, Microsoft Corporation, and SmartDraw, LLC. These companies adopt both organic and inorganic growth strategies such as high investments, product innovation, and global expansion. A few key developments are mentioned below:
In July 2021, Microsoft Corporation announced the launch of its "lightweight version" of the Visio Web app for Office 365 and Microsoft 365 business subscribers for free. This will enable more organizations to adopt the solution, thereby expecting to influence the growth of the diagramming software segment over the years.
In November 2020, MyDraw (Nevron Software LLC) launched its innovative MyDraw v5.0.0 diagramming software. The new software implemented several features and optimizations and fixed bugs of the previous version. More than 300 Shape Libraries for various application sectors are included in the new version of MyDraw.
The List of Companies - Diagramming Software Market
- Creately (Cinergix Pty Ltd)
- draw.io (//SEIBERT/MEDIA GmbH)
- Edrawsoft
- Gliffy (Perforce Software, Inc.)
- Lucid Software Inc.
- Microsoft Corporation
- MyDraw (Nevron Software LLC)
- Nulab, Inc.
- Samepage.io
- SmartDraw, LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global diagramming software market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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