New Industry Research on “Deck Design Software Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Deployment, End-User, and Application,” the market was valued at US$ 186.14 million in 2019 and is projected to reach US$ 510.66 million by 2027; it is expected to grow at a CAGR of 14.0% from 2020 to 2027
Integration of Technology in Deck Design Software Fuels Growth of Deck Design Software Market
The integration of technologies, such as artificial intelligence and machine learning algorithms, in deck designing software is increasing its efficiency, thereby contributing to the market growth. These technologically advanced solutions operate as a smart tool to print professionally designed deck plans. For instance, Delta Software International LLC offers CAD Pro for creating precise and professional deck designs for landscape decks, hot tub decks, pool decks, deck railing, custom deck plans, multi-level decks, and commercial decks. The software allows in-app purchase for specific needs as per the client’s requirement, such as outdoor kitchens, shade arbors, decks, tree houses, and lake houses. These easy-to-use plans add value and comfort to the user and enable them to save overall operational cost. Additionally, CAD Pro’s “Smart Dimensioning” tool enables automatic creation of deck plan dimensions with a few simple clicks, thus, saving overall time in designing. Thus, integration of technology with the software is expected to influence the growth of deck design software market during the forecast period.
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Impact of COVID-19 Pandemic on Deck Design Software Market
The COVID-19 pandemic first began in Wuhan, China, during December 2019, and since then, it has spread across the world. The COVID-19 crisis is affecting industries worldwide, and the global economy witnessed the worst hit in 2020 and it is likely to continue in 2021. The closure of construction activities across the globe to combat the spread of the virus adversely affected any new adoption of technology. However, with strict social distancing norms laid down by the federal government, 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. Thus, the spread of the COVID-19 virus initially affected the deck design software market severely; however, it is expected to influence the adoption of cloud-based solution over the years.
With the rising complexity in deck designing, manually made deck designs have no way to verify their accuracy and correctness. Design rules have become quite complicated in the latest process technologies. Their definition is often vague and difficult to understand, and their respective implementation of the check deck may take more than 100,000 lines of code to create and debug for as long as two years. Therefore, manually coding these tests is not only very slow, but it also lead to error. For instance, Sage-DA launched its integrated design rule management (iDRM) solution. This solution is based on a modern and innovative technology that allows complex design rules to be quickly captured visually with instantaneous control capability that allows the definition of the rule to be tested against the test layout. For designers, iDRM offers a simple visual and unambiguous explanation of the rule and allows closure between the original intent of the rule and its application at the same time. This is increasing the efficiency of the designers, thereby influencing adoption rate of the software. The above-mentioned factors are anticipated to influence the deck design software market growth over the years.
Strategic Insights:
The players operating in the deck design software market are focusing on strategies, such as mergers, acquisitions, and market initiatives, to maintain their positions in the market. A few developments by key players are listed below:
- In November 2020, Fiberon announced the expansion of their partnership with Wolf Home Products. Fiberon decking and railing products would now be available throughout Ohio, Western Pennsylvania, and upstate New York, marking an enhanced multi-state expansion of the partnership between the two companies.
- In August 2018, MiTek Inc. had released the latest version of MiTek deck designer, which allows advanced customization of deck levels, direction, and color & size of deck planks, among other features.
Geographically, North America held the largest share of the deck design software market in 2019, followed by Europe and Asia Pacific. Further, Asia Pacific is projected to witness the highest growth rate during the forecast period. The deck design software market is segmented into deployment, end-user, application, and geography. Based on deployment, the deck design software market is segmented into cloud and on-premises. The cloud segment is expected to hold a significant market share during the forecast period. Similarly, in terms of end-user, the deck design software market is segmented into individual and designers. The designers segment is expected to have a significant market share in 2019. Further, based on application, the deck design software market is segmented into residential and commercial. The commercial segment is expected to hold a significant market share during the forecast period.
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