Growth in the specialist design services market benefits from sustained economic growth
Business Research Company Specialized Design Services Market 2022 – Opportunities and Strategies – Global Forecast to 2030
LONDON, GREATER LONDON, UK, June 21, 2022 /EINPresswire.com/ — The global economy is expected to experience a continued period of steady growth over the forecast period. The US economy was already showing some growth and this is expected to continue over the forecast period. According to the Conference Board, the US economy will grow 3.8% (year-on-year) in 2022 and 3.0% (year-on-year) in 2023. The European market is expected to see growth return later in the recovery period. forecast. . In the European Union, growth in 2022 is expected to reach 4.5%. Emerging markets are expected to continue to post generally higher levels of growth than developed markets over this period. According to the Organization for Economic Co-operation and Development (OECD), India’s economic growth is expected to reach 9.7% for 2022. This is expected to drive the growth of the specialist design services market.
The Global specialized design services market size is expected to grow from $121.08 billion in 2020 to $179.50 billion in 2025 at a rate of 8.2%. The global specialized design services market share is then expected to grow at a CAGR of 7.1% from 2025 and reach $252.70 billion by 2030.
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Companies are focusing on the implementation of big data analytics in their system and product design services, shaping the outlook for the specialized design services market. Big data analytics is defined as the process of examining large sets of data to determine hidden patterns, correlations, market trends, and customer preferences. In January 2021, there were 4.66 billion active Internet users worldwide, or 59.5% of the world’s population. Of this total, 92.6% (4.32 billion) accessed the Internet through mobile devices. With increasing internet penetration, data analytics will enable designers to improve their services by getting customer feedback and eliminating design flaws. Large companies are investing in big data analytics to better understand their customers in order to provide them with an experienced design. Data has always been an important business input, recent advancements in artificial intelligence (AI) and other analytics have only increased the number of organizational arenas in which decision makers can activate these big data sets. , from hiring to product development to customer engagement. Organizations are increasingly reaping the rewards of data and design.
The main actors covered by the global specialist design services industry are AECOM, Gensler, Perkins and Will, HOK Group, Inc., HKS Architects.
TBRC’s global specialist design services market segmentation is split by type into interior design services, graphic design services, industrial design services, fashion and other design services, by online, offline mode.
Specialized Design Services Market 2022 – By Type (Interior Design Services, Graphic Design Services, Industrial Design Services, and Fashion and Other Design Services), By Mode (Online and Offline) and By Region , Opportunities and Strategies – The Global Forecast to 2030 is one of a series of new reports from The Business Research Company that provides an overview of the specialist design services market, forecasts the size and growth of the services market Global Specialized Design Services Market Segments, Specialized Design Services Market Segments, Geographies, Specialized Design Services Market Trends, Specialized Design Services Market Drivers, Restraints, Revenue, Profiles and Shares of the market of the main competitors.
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