The Global Specialized Design Services Market Is Valued At USD 170 Billion

Posted by praneeth on July 11th, 2018

Specialized design services comprise of companies that are involved in planning, designing and administering projects as per client needs and specifications. The specialized design services market does not include architectural, engineering and computer system design services. It includes Interior Design Service, Industrial Design Services and Graphic Design Service.

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The global specialized design services market is valued at USD 170 billion in 2017. Drivers of the market are economic growth, increase in the number of internet users and globalization.

In the report, the global specialized design services market is divided into four segments. Interior designers occupy the major share in the market, accounting for, nearly half of the market share. Graphic designers occupy the two-fifth of the market share and the remaining share is occupied by the other two segments, namely, industrial and fashion designers.

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The USA was the largest country in the specialized design services market in 2017, accounting for more than one-fifth of the market share. This was mainly due to rising demand for corporate design, commercial design and graphic design services from automobile, FMCG and electronics industries. China and the UK are the next largest countries in the market.

The specialized design services market is relatively fragmented, with most companies in the market being small and local. The top five competitors in the market made up 2% of the total market in 2017. Callison RTKL was the largest competitor of the market, followed by Gensler, Perkins+Will, Inc., HOK Group, Inc. and Frog Design Inc. Callison RTKL was founded in 1975 and is headquartered in Seattle, USA.

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