North America Diagramming Software Market Growth Opportunities and Forecast by 2028

The diagramming software market in North America is expected to grow from US$ 315.77 million in 2021 to US$ 538.21 million by 2028; it is estimated to grow at a CAGR of 7.9% from 2021 to 2028.

The US, Canada, and Mexico are major economies in North America. Strategic initiatives by major players is the major factor driving the growth of the North America diagramming software market. Major players operating in the diagramming software market include 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.

Thus, constant initiatives undertaken by the major companies operating in the North America diagramming software market are expected to propel the growth of the market in the coming years.

The COVID-19 outbreak across North American countries, such as the US, Canada, and Mexico, has severely impacted all industries. Any impact on industries directly affects the region's economic development. The unprecedented rise in the number of COVID-19 cases across the US and the subsequent lockdown to combat the spread of the novel coronavirus across the country in the first two quarters of 2020 have led to numerous businesses to come on a standby situation. Technological investments in all industries in 2020 experienced a dip owing to the above-mentioned reasons. According to studies, more than 67% of enterprises across the US have adopted work from home environment due to the pandemic. This has propelled the adoption of cloud-based diagramming solutions across enterprises to enable smooth remote working among teams. The need for collaboration among team members during presentations and meetings has also fueled the adoption of collaboration enabled diagramming software across the region. Thus, the COVID-19 outbreak pandemic has positively impacted the growth of the diagramming software market in North America.

North America Diagramming Software Market Segmentation   

North America Diagramming Software Market – By Deployment Type

• Cloud
• On-Premises

North America Diagramming Software Market – By Enterprise Size

• SMEs
• Large Enterprises

North America Diagramming Software Market – By Application

• Corporates
• Educational Institutions
• Personal

North America Diagramming Software Market– By Country

• US
• Canada
• Mexico

North America Diagramming Software Market-Companies Mentioned

• CREATELY (CINERGIX PTY LTD)
• DRAW.IO (//SEIBERT/MEDIA GMBH)
• Edrawsoft
• Gliffy (Perforce Software, Inc.)
• Lucid Software Inc
• Microsoft Corporation
• Miro
• MYDRAW (NEVRON SOFTWARE LLC)
• Nulab Inc
• Samepage.io
• SmartDraw, LLC

North America Diagramming Software Report Scope