Specialized Design Services Global Market Report 2021: COVID-19 Impact And Recovery To 2030
The Business Research Company’s Specialized Design Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030
LONDON, GREATER LONDON, UK, February 10, 2021 /EINPresswire.com/ — New year, new updates! Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reports
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 as per graphic design market analysis. Therefore, many companies have access to more globalized and advanced design services. For instance, Callison RTKL, a Batimore based design firm, collaborated with an Indian real estate company HBS realtors to design residential buildings in India.
North America was the largest region in the global specialized design services market, accounting for 35% of the market in 2020. Asia Pacific was the second largest region, accounting for 28% of the global specialized design services market. Africa was the smallest region in the global design services market. The major players covered in the global specialized design services industry are John Wood Group PLC, Altran Technologies, Gensler, Jacobs Engineering Group Inc, and Arcadis NV.
The global specialized design services market is expected to grow from $119.05 billion in 2020 to $127.11 billion in 2021 at a compound annual growth rate (CAGR) of 6.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The digital design market size is expected to reach $174.21 billion in 2025 at a CAGR of 8%.
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