The "Specialized Design Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global specialized design services market as it emerges from the COVID-19 shut down.
The global specialized design services market is expected to grow from $119.05 billion in 2020 to $127.11 billion in 2021 at a compound annual growth rate (CAGR) of 6.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $174.21 billion in 2025 at a CAGR of 8%.
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North America was the largest region in the global specialized design services market, accounting for 35% of the market in 2020. Asia Pacific was the second largest region accounting for 28% of the global specialized design services market. Africa was the smallest region in the global specialized design services market.
Virtual reality and augmented reality technologies are being widely used by interior design service providers to provide customized design to customers and offer low cost design plans in a short time span. Virtual reality is the use of computer technology to create a computer stimulated visuals and augmented reality is a real environment objects supplemented with computer-generated information through sensory inputs. These technologies aid in reducing rework, increase quality, lower labour costs, improve safety, streamline collaboration and aid in project management. For instance, Decorilla, an online interior design service provider, is providing AR and VR based technologies for interior designing. Large companies such as Google, Facebook, and Samsung are also widely using these technologies to increase productivity and enhance quality associated with designing. Other companies using virtual reality and augmented reality for interior designs include roOmy and Vectorworks.
Many design services companies are entering into new markets, or collaborating with foreign designers to offer a wide range of services, thereby eliminating boundaries on the geographic scope of design services. As overseas travel is becoming prevalent, awareness of the latest design trends is increasing. Therefore, many companies have access to more globalized and advanced design services. For instance, Callison RTKL, a Baltimore based design firm collaborated with HBS realtors, an Indian real estate company to design residential buildings in India.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Specialized Design Services Market Characteristics
4. Specialized Design Services Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Specialized Design Services Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Specialized Design Services Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Specialized Design Services Market Trends and Strategies
8. Impact of COVID-19 on Specialized Design Services
9. Specialized Design Services Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.3. Forecast Market Growth, Value ($ Billion)
10. Specialized Design Services Market Regional Analysis
10.1. Global Specialized Design Services Market, 2020, by Region, Value ($ Billion)
10.2. Global Specialized Design Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Specialized Design Services Market, Growth and Market Share Comparison, by Region
11. Specialized Design Services Market Segmentation
11.1. Global Specialized Design Services Market, Segmentation by Type
11.2. Global Specialized Design Services Market, Segmentation by Mode
12. Specialized Design Services Market Metrics
12.1. Specialized Design Services Market Size, Percentage of GDP, 2015-2025, Global
12.2. Per Capita Average Specialized Design Services Market Expenditure, 2015-2025, Global
For more information about this report visit https://www.researchandmarkets.com/r/wo2zhp
View source version on businesswire.com: https://www.businesswire.com/news/home/20210304005438/en/
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