UI/UX Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.65 Billion |
| Market Size (2029) | USD 7.03 Billion |
| CAGR (2024 - 2029) | 33.35 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
UI/UX Market Analysis
The UI/UX Market size is estimated at USD 1.65 billion in 2024, and is expected to reach USD 7.03 billion by 2029, at a CAGR of 33.35% during the forecast period (2024-2029).
- As the significance of user-centered design in crafting effective digital products grows, so does the demand for UI/UX (user interface/user experience) design. Organizations are transitioning from a product-centric focus to a customer-centric one, underscoring the necessity for intuitive and engaging user experiences. This shift has spurred a heightened demand for adept UX designers, tasked with fostering meaningful interactions and bolstering customer satisfaction.
- In competitive markets, companies are increasingly valuing investments in UI/UX design as a means of differentiation. This commitment is evident in the rising job opportunities for UI/UX designers spanning diverse sectors, from tech and e-commerce to healthcare and finance. Firms that champion UX design often witness a return on investment (ROI) reaching up to 100%, attributing this success to enhanced user experiences that boost customer satisfaction and retention.
- Moreover, businesses embracing a user-centered design methodology report a 50% uptick in user engagement and satisfaction over their counterparts who sideline UX. The surge in remote work has amplified the dependence on collaboration tools, streamlining design processes for dispersed teams. Designers are increasingly turning to tools that support real-time feedback and iterative design methodologies.
- However, the rapid evolution of technology poses challenges for designers striving to stay abreast of emerging tools, platforms, and methodologies. This relentless pace demands continuous education and adaptability, often stretching both time and resources, potentially stunting market growth.
- The COVID-19 pandemic hastened the pivot to digital platforms across myriad sectors. In the aftermath, the UI/UX landscape has been reshaped, with pronounced trends leaning towards user-centric design, heightened accessibility, and data-driven methodologies. The booming e-commerce sector presents fertile ground for UI/UX designers to refine and elevate online shopping journeys.
UI/UX Market Trends
E-Commerce to Hold Significant Growth
- In today's dynamic market landscape, e-commerce stands out as a transformative force, redefining shopping habits and brand interactions. Central to this evolution is the pivotal role of UI/UX design, which not only enriches the shopping journey but also determines the triumph of e-commerce platforms.
- As reported by ITA, B2C e-commerce sales are projected to surge from USD 3,322.6 billion in 2022 to a forecasted USD 5,178.3 billion by 2026. In this competitive arena, e-commerce brands are increasingly on the lookout for adept UI/UX designers.
- User studies highlight the impact of effective UI/UX design services, showcasing that enhanced filtering can reduce shopping time by 44%. Moreover, research from Amazon Web Services underscores the stakes: e-commerce businesses forfeit 35% of potential sales due to subpar user experiences, amounting to an eye-watering USD 1.4 trillion.
- An intelligent, clutter-free, and user-centric UI/UX strategy not only captivates shoppers but also extends their screen time. This increased engagement translates directly to heightened sales and a superior return on investment (ROI). Industry experts emphasize the stakes: a refined UI can boost website conversions by 200%, while an enhanced UX can elevate them by a staggering 400%.
- Marketing efforts might draw first-time shoppers to a website, but it's the engaging UI and intuitive UX that ensure they stay. This underscores the paramount importance of UI/UX design in e-commerce: the ability to captivate new customers, even with their fleeting attention spans. Take Amazon, for instance: its user-friendly interface demystifies online shopping, making it the preferred choice for newcomers.
- A well-designed and well-planned website/application keeps the user’s demands in their mind throughout the process. This means that the customer will interact with the site more and buy more frequently, just because they find the site convenient and fulfilling all their needs. Myntra serves as a prime example, where its captivating design and seamless experience facilitate effortless browsing and checkout, directly correlating to heightened sales.
- Beyond user engagement, UI/UX design plays a crucial role in propelling e-commerce platforms towards organic growth and bolstering SEO efforts. A design that prioritizes user-friendliness not only elevates the user experience but also enhances SEO rankings, paving the way for organic expansion. Given the surging demand for e-commerce, the market is poised for significant growth.
North America is Expected to Hold a Major Share of the Market
- North America's rapid digital transformation has significantly shaped the demand for UI/UX design. The U.S. Bureau of Labor Statistics forecasts a 22% surge in employment for web developers and digital designers between 2020 and 2030, underscoring the growing appetite for UI/UX expertise.
- In 2023, a UX designer in the U.S. commands an average salary of around USD 100,000 annually, influenced by factors like experience, location, and specialized skills. Meanwhile, seasoned UX designers can see their earnings soar to over USD 130,000 each year.
- As mobile usage takes center stage in online activities, there's a pronounced shift towards mobile-first design strategies. Designers are now emphasizing responsive designs to guarantee fluid experiences across all devices.
- In Canada, the appetite for UX designers is surging, evident from a notable uptick in job postings across diverse sectors. A report from the Canadian Digital Media Network highlights a 20% year-over-year rise in UX job postings, signaling robust market demand.
- Canada is witnessing a growing trend of integrating artificial intelligence (AI) into design processes. AI tools are aiding designers in user research, testing, and personalization, thereby streamlining workflows and enhancing design results. Given these dynamics, the region is poised to capture a substantial market share in the coming years.
UI/UX Industry Overview
The UI/UX market is highly competitive and fragmented, primarily driven by the presence of major players. These key players employ strategies such as mergers, acquisitions, and product innovations to maintain a competitive edge and broaden their global footprint. Key player include Designit, Epic Games, Inc., Meta Platforms, Inc., and others.
The global UI/UX market is poised for significant growth as organizations recognize the critical role of user experience in driving customer satisfaction and loyalty. With trends such as mobile-first design, accessibility focus, and data-driven approaches shaping the landscape, skilled UI/UX professionals are essential for creating effective and engaging user interfaces that meet evolving consumer expectations. As companies invest more in this area, opportunities for designers are likely to expand further in the coming years.
UI/UX Market Leaders
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Designit
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Epic Games, Inc.
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Meta Platforms, Inc.
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Tencent Holdings Limited
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Nvidia Corporation
*Disclaimer: Major Players sorted in no particular order
UI/UX Market News
- August 2024: Moxo has been recognized for the Best UX/UI Design in a SaaS Product, at the 2024 SaaS Awards. This esteemed recognition underscores Moxo's commitment to streamlining onboarding and account management workflows, enabling seamless service orchestration processes across customer, vendor, and partner interactions.
- March 2024: Pixso, the innovative online collaborative platform for UI/UX design, has announced the introduction of a Lifetime Subscription. This new option allows creative professionals and teams to access Pixso's robust toolset with a single investment, eliminating the need for ongoing subscription fees.
UI/UX Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of Impact of macroeconomic trends
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Demand for Digital Products
5.1.2 Growth of E-commerce and Mobile Applications
5.2 Market Restraints
5.2.1 High Development Costs
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Cloud
6.1.2 On-Premises
6.2 By Applications
6.2.1 Large Enterprises
6.2.2 Medium and Small Enterprises
6.3 By End-users
6.3.1 E-commerce
6.3.2 Healthcare
6.3.3 BFSI
6.3.4 Education
6.3.5 IT and Telecom
6.3.6 Other End-users
6.4 By Geography***
6.4.1 North America
6.4.2 Europe
6.4.3 Asia
6.4.4 Australia and New Zealand
6.4.5 Latin America
6.4.6 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Designit
7.1.2 Epic Games, Inc.
7.1.3 Meta Platforms, Inc.
7.1.4 Tencent Holdings Limited
7.1.5 Nvidia Corporation
7.1.6 Samsung Electronics Co., Ltd.
7.1.7 Microsoft Corporation
7.1.8 Ramotion
7.1.9 UX Studio
7.1.10 Halo Lab
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
UI/UX Industry Segmentation
In digital design, user interface (UI) refers to the interactivity, look, and feel of a product screen or web page, while user experience (UX) covers a user's overall experience with the product or website.
The UI/UX market is segmented by type (cloud, on-premises), by applications (large enterprises, medium and small enterprises), by end-user (e-commerce, healthcare, BFSI, education, IT and telecom, other end-users), by geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Type | |
| Cloud | |
| On-Premises |
| By Applications | |
| Large Enterprises | |
| Medium and Small Enterprises |
| By End-users | |
| E-commerce | |
| Healthcare | |
| BFSI | |
| Education | |
| IT and Telecom | |
| Other End-users |
| By Geography*** | |
| North America | |
| Europe | |
| Asia | |
| Australia and New Zealand | |
| Latin America | |
| Middle East and Africa |
UI/UX Market Research FAQs
How big is the UI/UX Market?
The UI/UX Market size is expected to reach USD 1.65 billion in 2024 and grow at a CAGR of 33.35% to reach USD 7.03 billion by 2029.
What is the current UI/UX Market size?
In 2024, the UI/UX Market size is expected to reach USD 1.65 billion.
Who are the key players in UI/UX Market?
Designit, Epic Games, Inc., Meta Platforms, Inc., Tencent Holdings Limited and Nvidia Corporation are the major companies operating in the UI/UX Market.
Which is the fastest growing region in UI/UX Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in UI/UX Market?
In 2024, the North America accounts for the largest market share in UI/UX Market.
What years does this UI/UX Market cover, and what was the market size in 2023?
In 2023, the UI/UX Market size was estimated at USD 1.10 billion. The report covers the UI/UX Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the UI/UX Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
UI/UX Industry Report
Statistics for the 2024 UI/UX market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. UI/UX analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
