AI-Powered Design Tools Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033
Posted by Sushmitha on May 9th, 2024
Overview and Scope
AI-powered design tools refer to software applications or platforms that utilize artificial intelligence (AI) algorithms and machine learning techniques to assist designers in various aspects of the design process by streamlining the design process, empowering designers with advanced capabilities, and ultimately enhancing the quality and efficiency of design outputs. These tools automate repetitive tasks, generate design suggestions, analyze data to inform design decisions, and even learn from user interactions to improve their functionality over time.
Sizing and Forecast
The AI-powered design tools market size has grown exponentially in recent years. It will grow from .54 billion in 2023 to .54 billion in 2024 at a compound annual growth rate (CAGR) of 21.9%. The growth in the historic period can be attributed to increased adoption of automation, growing emphasis on user experience (UX) and user interface (UI) design, rising demand for personalization, accessibility and democratization of design, rise of e-commerce.
The AI-powered design tools market size is expected to see exponential growth in the next few years. It will grow to .34 billion in 2028 at a compound annual growth rate (CAGR) of 22.2%. The growth in the forecast period can be attributed to increased adoption across industries, rise of generative design, increased personalization demand, rapid prototyping and iterative design. Major trends in the forecast period include cloud-based solutions, integration with augmented reality (AR) and virtual reality (VR), integration of ai and human creativity, natural language processing (NLP) in design workflows.
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Segmentation & Regional Insights
The AI-powered design tools market covered in this report is segmented –
1) By Type: Graphic Design Tools, User Experience (UX) And User Interface (UI) Design Tools, Automated Content Creation Tools, Image And Video Processing Tools, 3D Design And Modeling Tools, Automated Layout And Formatting Tools, Branding And Logo Design Tools, Other Types
2) By Technology: Machine Learning, Natural Language Processing, Generative AI
3) By Application: Automotive And Transportation, Media And Entertainment, Education And Research, Fashion And Apparel, Architecture And Construction, E-commerce And Retail, Other Application
North America was the largest region in the AI-powered design tools market in 2023. The regions covered in the AI-powered design tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rise of digital channels is expected to propel the growth of the AI-powered design tools market going forward. Digital channels include the various online platforms and mediums through which communication, marketing, and distribution of content or services occur, such as social media and e-commerce. It arises because of increased Internet penetration, personalization and targeting, cost-effectiveness, integration and synergy, and cost-effectiveness. AI-powered design tools are used in digital channels to leverage artificial intelligence and machine learning algorithms to streamline design processes, enhance creativity, and improve efficiency. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, total e-commerce sales were estimated at ,118.7 billion by 2023, which increased by 7.6% (±1.2%) from 2022, and e-commerce total sales increased by 15.4% in 2023 from 14.7% in 2022. Furthermore, according to Avocado Social, a UK-based social media marketing consultancy, overall social media user numbers rose by 424 million in 2021, a growth rate of more than 10%, representing 4.6 billion social media users worldwide. Therefore, the rise of digital channels is driving the growth of the AI-powered design tools market.
Key Industry Players
Major companies operating in the AI-powered design tools market are Adobe Inc, Autodesk Inc, Canva Inc, Figma, Tailor Brands LLC, InVisionApp Inc, Corel Corporation, Design Pickle, Desygner Inc, Sketch Inc, Affinity Designer, BrandCrowd, Bannersnack, Crello, Looka, Design Wizard, Vecteezy, Designhill, Vectary, Snappa, PicMonkey, Lunacy, Vectr, Gravit Designer, Boxmode
The ai-powered design tools market report table of contents includes:1. Executive Summary
2. AI-Powered Design Tools Market Characteristics
3. AI-Powered Design Tools Market Trends And Strategies
4. AI-Powered Design Tools Market - Macro Economic Scenario
5. Global AI-Powered Design Tools Market Size and Growth
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32. Global AI-Powered Design Tools Market Competitive Benchmarking
33. Global AI-Powered Design Tools Market Competitive Dashboard
34. Key Mergers And Acquisitions In The AI-Powered Design Tools Market
35. AI-Powered Design Tools Market Future Outlook and Potential Analysis
36. Appendix
