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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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.
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Diagramming Software Market: Strategic Insights
Market Size Value in US$ 700.00 million in 2021 Market Size Value by US$ 1313.66 million by 2028 Growth rate CAGR of 9.4% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Diagramming Software Market: Strategic Insights
Market Size Value in | US$ 700.00 million in 2021 |
Market Size Value by | US$ 1313.66 million by 2028 |
Growth rate | CAGR of 9.4% from 2021-2028 |
Forecast Period | 2021-2028 |
Base Year | 2021 |
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Speak to AnalystPlayers 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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Deployment Type, Enterprise Size and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Increasing Adoption of Diagramming Software Across Large Enterprises
Rising Adoption of Cloud-Based Diagramming Software across Organizations
Automation in documentation and diagramming is being highly adopted across industries to eliminate repetitive human work. Technologies like artificial intelligence (AI) are integrated with diagramming software to automate the creation of flowcharts, organization charts, mapping charts, and workflows. The integration of advanced technologies like AI with diagramming solutions is enabling the automation across both the creation and updating of charts based on pre-entered criteria.
Based on deployment type, the diagramming software market is bifurcated into on-premise, and cloud. Cloud segment led the diagramming software market with a market share of 77.8% in 2020.
Strategic initiatives by Major Players
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.
Key players operating the global diagramming software market include 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, Miro, Pingboard, and FlowMapp amongst others.
North America held the significant market share in year 2020, along with the notable revenue generation opportunities in Europe and APAC.
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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