Dublin, Aug. 09, 2023 (GLOBE NEWSWIRE) -- The "Specialized Design Services Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global specialized design services market has witnessed remarkable growth, soaring from $142.78 billion in 2022 to $156.19 billion in 2023 at an impressive compound annual growth rate (CAGR) of 9.4%. This growth trajectory is projected to continue, with the specialized design services market expected to reach $214.86 billion by 2027, growing at a CAGR of 8.3%.
North America emerged as the largest region in the specialized design services market in 2022, closely followed by Asia-Pacific, which secured the second-largest position in the market. The market comprises various types of specialized design services, including interior design services, graphic design services, and industrial design services.
The specialized design services market research report presents valuable statistics and insights, encompassing global market size, regional shares, competitors' market share, detailed market segments, trends, and opportunities within the specialized design services industry.
Virtual reality and augmented reality technologies are being widely used by interior design service providers to provide customized designs to customers and offer low-cost design plans in a short time span. Virtual reality is the use of computer technology to create computer-stimulated visuals, and augmented reality is a real-world object supplemented with computer-generated information through sensory inputs.
These technologies aid in reducing rework, increasing quality, lower labour costs, improving safety, streamline collaboration and aiding 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 design. 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.
The specialized design services market consists of revenue earned by entities by providing services such as planning, designing and administering projects as required by client specifications. The specialized design services market does not include architectural, engineering and computer system design services.
Specialized design services undertake processes where human capital is the major input. They make available the knowledge and skills of their employees, often on an assignment basis, where an individual or team is responsible for the delivery of services to the client. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Major companies in the specialized design services market include
- Suzhou Gold Mantis Construction Decoration Co. Ltd.
- Gensler
- China Railway Signal & Communication Corporation Limited
- China Energy Engineering Group
- Nippon Express Co. Ltd.
- Perkins+Will
- HOK Group
- Arcadis NV
- Martela Oyj
- CPFL Energia S.A
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Specialized Design Services Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
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
5.2. Distribution
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. Specialized Design Services Market - Macro Economic Scenario
8.1 COVID-19 Impact On Specialized Design Services Market
8.2 Ukraine-Russia War Impact On Specialized Design Services Market
8.3 Impact Of High Inflation On Specialized Design Services Market
9. Specialized Design Services Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Specialized Design Services Market Regional Analysis
10.1. Global Specialized Design Services Market, 2022, By Region, Value ($ Billion)
10.2. Global Specialized Design Services Market, 2017-2022, 2022-2027F, 2032F, 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, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Interior Design Services
- Graphic Design Services
- Industrial Design Services
- Fashion And Other Design Services
11.2. Global Specialized Design Services Market, Segmentation By Mode, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Online
- Offline
11.3. Global Specialized Design Services Market, Segmentation By Service Provider, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Large Enterprise
- Small and Medium Enterprise
12. Specialized Design Services Market Metrics
12.1. Specialized Design Services Market Size, Percentage Of GDP, 2017-2027F, Global
12.2. Per Capita Average Specialized Design Services Market Expenditure, 2017-2027F, Global
For more information about this report visit https://www.researchandmarkets.com/r/w883m0
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