Cloud segment to Dominate North America Deck Design Software Market during 2019–2027
According to The Insight Partners market research study on “North America Deck Design Software Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Deployment Type, End User and Application,” is expected to reach US$ 190.58 million by 2027 from US$ 74.98 million in 2019. The market is estimated to grow at a CAGR of 12.9% from 2020 to 2027. The report provides trends prevailing in the North America deck design software market along with the drivers and restraints pertaining to the market growth. Rising Adoption of Deck Designing Software in Real Estate Industry are the major factor driving the growth of the North America deck design software market. However, Prevalence of Open Source Deck Design Software hinder the growth of North America deck design software market.
North America has the highest adoption and growth rate of new technologies owing to favorable government policies to boost innovation and strengthen the infrastructure capabilities. Hence, any impact on industries is expected to affect the economic growth of the region in a negative manner. Presently, the US is the world’s worst affected country due to COVID-19 outbreak thereby affecting constructional activities and investments in the sector adversely. With the closure of construction activities across major countries such as United States, Canada and Mexico amongst others to combat the spread of the virus across the region is thereby affecting any new adoption of technology, adversely. However, with the start of economic activities in the region, with strict social distancing norms laid down by the federal government across the countries, 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 across the region. Thus, the spread of the corona has initially affected the deck design software market severely, but is expected to influence the adoption of cloud based solution over the years.
The market for deck design software market is segmented into by Deployment type, End User and Application, and country. Based on deployment type, the market is segmented into cloud and on-premise. In 2019, the cloud segment held the largest share North America deck design software market. Based on end user type the deck design software market is divided into individual and designers. Individual is expected to the fastest growing segment over the forecast period. On the basis of application, the market is segmented into residential and commercial. The commercial segment accounts for largest market share in the 2019.
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, Trex Company, Inc.are among the leading companies in the North America deck design software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020 AZEK Building Products (TimberTech) announced its new marketing campaign name as “better tech, better deck.” This campaign is meant to inspire many homeowners looking to build, renovate, and remodel their outdoor area this summer season.
The report segments the North America Deck Design Software Market as follows:
Deck Design Software Market – By Deployment
- Cloud
- On-Premise
Deck Design Software Market – By End-User
- Individual
- Designers
Deck Design Software Market – By Application
- Residential
- Commercial
Deck Design Software Market– By Country
- US
- Canada
- Mexico
Contact Us
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com