ID: MRFR/ICT/9228-CR | October 2021 | Region: Global | 100 Pages
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Companies Profiled | |
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Key Players | |
Adobe (US) | |
Webflow (US) | |
Balsamiq Studios LLC (US) | |
Axure Software Solutions Inc. (US) | |
Altia Inc. (US) | |
Corel Corporation (US) | |
Figma (US) | |
Sketch B.V. (Netherlands) | |
InVisionApp Inc. (US) | |
Caretta Software Ltd. (UK) | |
Pidoco GmbH (Germany) | |
Crank Software Inc. (Canada) | |
Extron (UK) |
Market Driving Forces | |
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Drivers | |
Rise in demand for implementing user-friendly and attractive UI | |
Various advantages of GUI design software tools • Rising demand from various industry verticals |
The graphical user interface (GUI) design software market is estimated to register a CAGR of over 9.8% to reach USD 1,496.2 Million by the end of 2027.
Graphical User Interface (or GUI) enables users to perform necessary actions over their devices, platforms, programs, or applications instead of commanding computing systems through commands (or command-line interfaces), bypassing the need of learning or remembering computer coding languages.Based on the vertical, the market has been split into BFSI, IT & telecom, manufacturing, automotive, medical & healthcare, media & entertainment, and others.
There are some major positive and negative consequences witnessed for the GUI design software tools during the pandemic. The pandemic forced work from home to major industries, which has surged the demand for cloud-based deployments. In fact, the developing nations’ enterprises were on a steady pace toward cloud adoption for the better part of the decade. COVID-19 has acted as a catalyst for the same. Major industries shifted towards cloud-based deployments during the pandemic, and this trend is expected to continue post-pandemic world. However, on-premises deployments have experienced a minor decline, especially in the 2020 fiscal year. However, the 2021 year is expected to bounce back the on-premises deployments as most offices have resumed their work. The major industries such as media & entertainment, IT & telecom, medical & healthcare, and BFSI performed impressively during the pandemic in terms of the adoption of GUI design software tools.
Market Dynamics:
Drivers:
Opportunities:
Restraints:
Value Chain Analysis
The value chain analysis for the graphical user interface (GUI) design software market comprises three primary levels, beginning with software designing & development, followed by system integrators and end-users.
Segment Overview
The global graphical user interface (GUI) design software market has been segmented on the basis ofdeployment, organization size, vertical, and region.
By deployment, the graphical user interface (GUI) design software market has been segmented cloud and on-premises. The cloud segment accounted for the larger market share in 2018 and is estimated to register a CAGR of 86.8% during the review period.
The global graphical user interface (GUI) design software market, based on organization size, has been segmented into small & medium enterprises (SMEs) and large enterprises.
The global graphical user interface (GUI) design software market, based on vertical, has been segmented into automotive, IT & telecom, media & entertainment, medical & healthcare, manufacturing, and others.
Regional Analysis
The global graphical user interface (GUI) design software market has been studied across Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. North America accounted for the largest market share of 52.2% in 2018. The most significant factor driving the regional market's growth is the rise in demand for user-friendly and attractive UI, which boosts the need for UI software and tools globally.
The graphical user interface (GUI) design software market in Europe is anticipated to show a high growth rate due to technological advancements in graphics processing and cloud computing.These advancements have propelled the adoption of AI, machine learning-based technology in the automotive sector that help reveal the potential of GUI design software technology.
The graphical user interface (GUI) design software market in Asia-Pacific is expected to exhibit a high growth rate on account of the rising popularity of three-dimensional graphical user interfaces. China shows prominent growth in the regional market.
Competitive Landscape
Adobe strategically focuses on four core areas to achieve greater diversity and inclusion, including forming a talent pipeline, attracting diverse candidates, enhancing the employee experience, and driving diversity across the company.
Key players operating in the global graphical user interface (GUI) design software market areAdobe (US), Webflow (US), Balsamiq Studios, LLC (US), Axure Software Solutions, Inc. (US), Altia Inc. (US), Corel Corporation (US), Figma (US), Sketch B.V. (Netherlands), InVisionApp Inc. (US), Caretta Software Ltd. (UK), Pidoco GmbH (Germany), Crank Software Inc. (Canada), and Extron (UK)
Recent Developments
Report Overview
As per MRFR, the global graphical user interface (GUI) design software market has witnessed notable growth over the past few years.The global graphical user interface (GUI) design software market has been segmented into deployment, organization size, vertical, and region.Based on region, the graphical user interface (GUI) design software market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Objective of the Study
Scope of the Report
The scope of the global graphical user interface (GUI) design software market study includes the market size analysis and a detailed analysis of the vendor’s products and strategies. The graphical user interface (GUI) design software market has been classified based on deployment, organization size, vertical, and region.
Intended Audience
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Report Attribute/Metric | Details |
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Market Size | 2027: USD 1,496.2Million |
CAGR | 9.8% CAGR (2021–2027) |
Base Year | 2020 |
Forecast Period | 2021-2027 |
Historical Data | 2019 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Deployment, Organization Size, Vertical, and Region |
Geographies Covered | North America, Europe, Asia-Pacific, Middle East & Africa, and South America |
Key Vendors | Adobe (US), Corel Corporation(US), Figma (US), Sketch B.V.(Netherlands), and InVisionApp Inc. (US) |
Key Market Opportunities | • Rapid technological advancements in GUI design software tools • Rising adoption among SMEs |
Key Market Drivers | • Rise in demand for implementing user-friendly and attractive UI • Various advantages of GUI design software tools • Rising demand from various industry verticals |
The global graphical user interface design software market is predicted to grow at a 9.8% CAGR between 2021- 2027.
North America will lead the global graphical user interface design software market.
Rising adoption in SMEs and rapid technological advances are the key factors driving the global graphical user interface design software market growth.
High cost and complex implementation may limit the global graphical user interface design software market growth.
Key contenders profiled in the global graphical user interface design software market include Adobe, Webflow, Balsamiq Studios, LLC, Axure Software Solutions, Inc, Altia Inc, Corel Corporation, Figma, Sketch B.V, InVisionApp Inc, Caretta Software Ltd, Pidoco GmbH, Crank Software Inc, and Extron.