Diagramming Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Deployment Type (Cloud and On-Premises), Enterprise Size (Small and Medium-Size Enterprises and Large Enterprises), and Application (Educational Institutions, Corporates, and Personal)
The global diagramming software market is expected to grow from US$ 700.00 million in 2021 to US$ 1313.66 million by 2028; it is estimated to grow at a CAGR of 9.4% during 2021-2028.
Automation in documentation and diagramming is being highly adopted across industries to eliminate repetitive human work. Various technologies, such as artificial intelligence (AI), are integrated with diagramming software to automate the creation of flowcharts, organization charts, mapping charts, and workflows. The integration is enabling the automation across both the creation and updating of charts based on pre-entered criteria. The diagramming software contributes positively to achieve various organizational goals such as communication and presentations. By migrating the diagramming solutions on the cloud, the enterprises are experiencing numerous benefits while propelling the speed of diagramming and reducing internal and external costs. This aspect of reducing costs and accelerating diagram approvals is influencing the adoption of cloud-based diagramming solutions across enterprises. The adoption of diagramming software enables to define workflow and hierarchy in a better manner, thereby offering transparency among organizations. For example, the increasing expansion of businesses across the globe and rising adoption of centralized management among them is widening the employee base for the organizations. This is boosting the demand among the enterprises to have a proper organization chart that will enable them to allocate resources to projects undertaken as per their expertise.
Owing to the sudden COVID-19 outbreak, most of the individuals are working from home and spending more time online, which is boosting the shift to digital technology adoption. The rising demand for digital resources is stressing the systems of several software and platform organizations and hindering their capability to serve services with reliability and quality. The need for collaboration among team members during presentations and meetings has propelled the adoption of collaboration enabled diagramming software across the region. All these factors are positively impacting the growth of the diagramming software market.
The diagramming software market is segmented on the basis of deployment type, enterprise size, application, and geography. Based on deployment type, the market is bifurcated into cloud and on-premises. Based on enterprise size, the market is bifurcated into small and medium-size enterprises and large enterprises. By application, the diagramming software market is segmented into educational institutions, corporates, and personals. Geographically, the market is broadly segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, India, Japan, South Korea, and the Rest of APAC), Middle East and Africa (South Africa, Saudi Arabia, the UAE, and the Rest of MEA), and South America (Brazil, Argentina, and the Rest of SAM). In 2020, the North America segment accounted for the significant share in the global market.
A few key players operating in the global diagramming software market and profiled in the market study are Creately (Cinergix Pty Ltd); draw.io (//SEIBERT/MEDIA GmbH); Edrawsoft; Gliffy (Perforce Software, Inc.); Lucid Software Inc.; Microsoft Corporation; MyDraw (Nevron Software LLC); Nulab, Inc.; Samepage.io; SmartDraw, LLC; Miro; Pingboard; and FlowMapp.
The overall global diagramming software market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the diagramming software market with respect to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the diagramming software market.
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