Home / Press Release / Visualization And 3D Rendering Software Market To Grow At 17.3% CAGR During The Forecast Period From 2019- 2027

Visualization And 3D Rendering Software Market To Grow At 17.3% CAGR During The Forecast Period From 2019- 2027

According to a new market research report published by Credence Research “Visualization and 3D Rendering Software Market ((Deployment Type- Cloud-based and On-premise), (Application- Gaming, Videography, Marketing & Advertisement, Training, Architectural, Others (Cartoon, etc.)), (End-user- Media & Entertainment, Building & Construction, Designing, Healthcare, Academia, and Others (Energy & utilities, etc.)) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027”, the overall visualization and 3D rendering software market worldwide was valued at US$ 970.5 Mn in 2018 and is set to grow with a CAGR of 17.3% during the forecast period.

Market Insights

Growing demand of 3D visualization and rising need of new marketing techniques are driving the visualization and 3D rendering software market globally. Processing and developing 3D model into 3D photorealistic image is known as visualization and 3D rendering. Wide adoption of the software in building and construction, healthcare, academia and other industries are helping the market to grow. Low cost, improved visual communication, user-friendly interface, accurate renderings and other are some of the benefits due to which the demand for the software is increasing rapidly. Growing infrastructure development in developing countries such as India, China, and other Latin American countries are also helping the market growth. Consequently, we presume that the market will show tremendous growth throughout the forecast period 2019-2027.

Based on deployment model, the visualization and 3D rendering software market is segmented into cloud- based and on-premise. In 2018, the on-premise segment was the highest revenue contributor. On-premise segment was around 60% of the market revenue contributor in the same year. On-premise segment was dominant due to client preference of using software at their premises. On the other hand, we presume that the cloud-based segment will be the fastest growing segment and surpass the on-premise segment during the forecast period. Less cost and growing cloud market are the major reasons for the segment growth.  Hence, we expect that cloud-based segment be the fastest growing segment throughout the forecast period.

Based on the geography, North America dominates the visualization and 3D rendering software market in 2018 followed by Europe and Asia Pacific. North America contributed around 36% of the revenue share in the same year. North America was dominant owing to early technological adoption and developed country. Presence of major market players and rising demand for advanced 3D visualization are some of the other factors for the dominance of North America. On the other flip, Asia Pacific will be the fastest growing region during the forecast period owing to growing investments for infrastructure development and 3D visualization solutions. China, India and other developing nations will be the major contributors in the market.

Some of the major companies profiled in the report include Act-3D B.V., Autodesk, Inc., Embodee Corp, Corel Corporation , NewTek, Inc , Trimble, Inc , NVIDIA Corporation , Otoy Inc., Luxion Inc., SAP SE, Siemens AG, Sphere 3D, and Webmax Technologies among others.

Browse the full report at https://www.credenceresearch.com/report/visualization-and-3d-rendering-software-market

The Global Visualization And 3D Rendering Software Market is Segmented into:

Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Million

 By Deployment Model (2017–2027; US$ Mn)

 By Application (2017–2027; US$ Mn)

 By End-user (2017–2027; US$ Mn)

 By Geography Segment (2017–2027; US$ Mn)

*Complete segmentation list is on report page

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