Growing Infrastructure Development to boost the demand for Visualization and 3D Rendering Software Market
The visualization and 3D rendering software market worldwide is expected to grow with a CAGR of 17.3% throughout the forecast period from 2019 to 2027, starting from US$ 970.5 Mn in 2018. Growing infrastructure development and rising demand for 3D visualization are the major factors driving the market growth. In addition, the growing demand for 3D visualization in healthcare, media and entertainment, advertising, and other industries will also boost the need for software. Furthermore, a user-friendly interface, less cost, precise renderings, and other software benefits are also helping the market grow. Thus, we project that the visualization and 3D rendering software market will show huge growth during the forecast period.
Market Synopsis
Healthcare Segment to be the Fastest Growing Segment
The end-users visualization and 3D rendering software market is segmented into media & entertainment, building & construction, designing, healthcare, and others (energy & utilities, etc.). The healthcare segment will be the fastest growing due to the growing need for 3D visualization for diagnoses, surgical planning, anatomical images, etc. In addition, the growing adoption of new technologies and solutions in the healthcare industry are some other factors for the fastest growth of the segment. As a result, we presume the healthcare segment to be the fastest-growing segment during the forecast period.
The Asia Pacific to be the Fastest Growing
North America led the visualization and 3D rendering software market, followed by Europe and the Asia Pacific in 2018. North America contributed nearly 36% of the market revenue share in the same year. North America enjoys market governance due to factors such as an established economy, early adoption of technology, and growing demand for advanced 3D visualization. On the other flip of the coin, the Asia Pacific would demonstrate the fastest growth rate owing to increased investments in infrastructure development, rising demand for 3D solutions, and the growing healthcare industry in the region. Subsequently, we assume that the Asia Pacific be the fastest growing region throughout the forecast period.
Some of the prominent players operating in the visualization and 3D rendering software market are 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 Web max Technologies among others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The visualization and 3D rendering software market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global visualization and 3D rendering software market based on deployment model, application, end-user, and geography.
Frequently Asked Questions
The market for Visualization And 3D Rendering Software is expected to reach US$ 970.5 Mn Bn in 2028.
The Visualization And 3D Rendering Software market is expected to see significant CAGR growth over the coming years, at 17.3%.
The report is forecasted from 2019-2027.
The base year of this report is 2021.
Act-3D B.V., Autodesk, Inc., Embodee Corp, Corel Corporation, NewTek, Inc, Trimble, Inc, NVIDIA Corporation, Otoy Inc., Luxion Inc., SAP SE, Siemens AG are some of the major players in the global market.
