Global Graphical User Interface or GUI Design Software Market Highlights
The global graphical user interface or GUI design software market is projected to be valued at USD 1,496.2 million by the end of 2027, registering a CAGR of 9.8% during the forecast period.
GUI design software applications or GUI designers simplify the GUI development by building ready-to-use interfaces, focusing more on the graphical presentation, and embedding advanced technologies, such as voice command interfaces, AI, and IoT, which help end-users in faster and easy processing.
Furthermore, with the help of GUI design software, a user can create interactive wireframes and prototypes of web or mobile user interfaces. GUI design software allows a user to share projects online and export them in various formats. The design software helps with collaboration to make the project run as quickly as possible. Therefore, projects can be done on time and reduced time to market timeframe, propelling its demand among the organizations.
COVID-19 Impact Analysis
The COVID-19 pandemic hit all the major industries such as manufacturing, trade, hospitality, leisure, oil & gas, tourism, automotive, and transportation. However, this is conversely applicable to the GUI design software industry. Spending on cloud, automation, AI, and IoT technologies has witnessed a significant surge. The application development industry significantly accelerated during the pandemic due to increased online interaction to avoid physical interaction. Therefore, GUI design software spending also increased during the pandemic, along with key IT areas spending
Segment Analysis
By deployment, the graphical user interface (GUI) design software market has been segmented cloud and on-premises.
The global GUI design software market, based on organization size, has been segmented into small & medium enterprises (SMEs) and large enterprises. The small & medium enterprises (SMEs) segment accounted for the larger market share in 2018 and is estimated to register a CAGR of 59.4% during the review period.
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.
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Key Players
the key players in the global graphical user interface (GUI) design software market: 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), and Extron (UK).
Key Findings of the Study
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- The global graphical user interface (GUI) design software market is projected to reach a value of USD 1,496.2 million by 2027, with a CAGR of around 9.8% during the forecast period from 2020 to 2027.
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- North America accounted for the largest market share in 2020; this is due to the investments in digital transformation, increasing smartphone penetration, and rapid adoption of digital solutions.
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- Europe is expected to be the second-largest market in 2020, owing to the rising adoption of mobile & desktop applications, increasing use of cloud computing, and the emergence of SaaS-based platforms.These factors contribute to the demand for GUI design software systems in the region.
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- The adoption of GUI design software is high in Asia-Pacific, and thus, the software demand is expected to be high in this region. The countries such as China, India, Japan, South Korea, and Australia are the largest contributors in the global graphical user interface (GUI) design software market.
Rapid technological advancements in GUI design software tools and rising adoption among SMEs are creating lucrative opportunities for the players operating in this market.