Introduction
Traditional Interior Design Agencies are likely to become comparable to having a CD collection within the next five years due to AI-powered interior design.
There are a few reasons why AI-powered interior design has the potential to be worth more than all traditional interior design agencies combined. We'll explore how and why it is fairly likely to happen in this article.
Time & Cost
It's no secret that traditional interior design is a mixture of two things: slow and expensive, which is why AI-powered interior design has the ability to lead the industry. Yes, traditional interior design agencies will likely always exist (just like CDs), however, as both traditional design agencies and everyday users turn to AI-powered design tools for significant savings and practically instant turnaround times, it is not far-fetched to say that an AI-powered company has a good chance of being worth more than all traditional interior design agencies combined.
"Success in creating effective AI, could be the biggest event in the history of our civilization. Or the worst. We just don’t know. So, we cannot know if we will be infinitely helped by AI, or ignored by it and side-lined, or conceivably destroyed by it." — Stephen Hawking
The Current Problems with AI Interior Design
There's no secret that AI interior design is not yet the best invention since sliced bread; there are some caveats such as the furniture it renders not being real furniture, inaccurate sizing, and other issues. Once these main pain points that AI interior design are addressed, expect to see just how an AI interior design company will be able to be worth more than every traditional interior design agency combined.
The Future of AI-powered Interior Design
Currently, AI interior design is a new concept and it might be difficult to fully gauge its trajectory. As AI interior design becomes the norm and as AI generation for interior design improves, expect the value of traditional interior design to decrease drastically and expect to see AI interior design take much of the market share that traditional interior design had.
The Future of AI-powered Interior Design
Currently, the main issues with AI-powered interior design is the furniture generated doesn't exist in the world. Additionally, there is also no way to ensure timely furniture installation by professionals.
Although these problems can be overlooked and avoided by shopping for similar furniture to the ones rendered, expect the landscape for AI-powered interior design to adapt and accommodate solutions to these problems over the coming years.
The Market Size
With the interior design industry expected to grow by over $34 billion before 2027 and AI becoming the forefront of interior design, you can expect a company that leverages AI in the correct manner to become a Fortune 500 company.
Goodbye interior designers
Unless you're in the top few percentile as an interior designer, over the next 10 years, expect your job to be lost. While interior designers will always exist, it is no secret that AI will change the landscape for the industry. Sadly, traditional interior design has mostly cons compared to AI-powered interior design, with few benefits.
Conclusion
Although the traditional interior design industry won't be destroyed entirely, it doesn't take Albert Einstein to figure out that the industry is about to have significant changes powered by AI. Not only are AI-powered tools going to be used internally by traditional interior design agencies, but a traditional interior design agency probably isn't going to need 5 junior interior designers.
I anticipate traditional interior design agencies will become leaner as they also start to leverage AI-powered interior design and I expect the market share to move towards AI-powered tools as people turn to AI-powered designs rather than traditional interior design agencies.
In a world where speed and cost are more than a little bit important, there's room for an AI-powered interior design company to take significant market share if done correctly. I can't predict the future, but if I could, I would expect that there will be a big shift over the next few years and let's see how it unfolds.
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Can AI be an industry-leader in Interior Design?