The global visualization and 3D rendering software market size was valued at USD 984.8 million in 2020 and is expected to expand at a robust CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing need for new technologies and just-in-time marketing.
3D visualization is the process of utilizing 3D software to create images and generate designs. Professionals may use 3D visualisation to produce photo-realistic renderings of their creations before they start working on them in the real world. This enables designers to quickly express their ideas to clients and receive feedback, rather than spending time and money by making modifications afterwards. Improved processing, real-time insights, and a user-friendly renderer interface are just a few of the advantages of visualisation and 3D rendering software. Architecture, cinema, and gaming, as well as engineering and manufacturing, are key beneficiaries of 3D visualization system.
The COVID-19 pandemic had affected almost every industry in the globe. Due to outbreak of virus, governing authorities throughout the world imposed a variety of precautionary lockdowns and other restrictions. As the overall economic situation dip in most countries, consumers’ demand for non-essential items has consequently decreased. The same has happened for the visualization and 3D rendering software market.
Market Trends, Drivers, Restraints, and Opportunities
- Creation of a user-friendly rendering interface and advancement of innovative technology for developing software are key factors driving the market growth.
- Growing emphasis on efficient cost and time management, focus on innovation, and a growing need for realistic media are likely to boost the market expansion.
- Lack of adequate IT infrastructure particularly in developing countries is a major challenge that can hamper the market growth during the forecast period.
- Rising concerns to improve about various aspects including the design, creation, and distribution of 3D content are expected to hinder market growth.
- Introduction of various tools such as plug-ins and add-ons expand the scope for visualization improvement is creating lucrative growth opportunities for the market.
Scope of the Report
The report on the global visualization and 3D rendering software market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Visualization and 3D Rendering Software Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Deployments (Cloud-based and On-premise), Applications (Animation, Visualization & Simulation, Product Design & Modeling, and Others), and End-users (Architecture, Engineering, & Construction, Manufacturing & Automotive, Media & Entertainment, Gaming, Healthcare, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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The Foundry Visionmongers Ltd.; Chaos Software; Luxion, Inc.; Autodesk, Inc.; Dassault Systèmes; Trimble, Inc.; Corel Corporation; and Adobe Systems Incorporated
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Market Segment Insights
Cloud-based segment to expand at a considerable CAGR
On the basis of deployments, the visualization and 3d rendering software market is bifurcated into cloud-based and on-premise. The cloud-based segment is projected to expand at a considerable CAGR during the forecast period due to improved mobility, enhanced scalability, and on-demand resource availability of the deployment type. Furthermore, the availability of customized or personalized cloud solutions for businesses is boosting the demand for cloud deployment over on-premise implementation.
Visualization & simulation segment to hold a significant share of the market
In terms of applications, the market is divided into animation, visualization & simulation, product design & modeling, and others. The visualization & simulation segment is expected to represent significant share of the market during the forecast period. The segment growth is influenced by the extensive use of visualisation and simulation by enterprises to manage consumer information as well as deliver customized visual effects, animation, and graphics services. However, the animation segment is projected to account for a key market share as it offers more realistic experience, which also helps with cost and time management.
Healthcare segment to expand at a robust growth rate
Based on end-users, the visualization and 3D rendering software market is segregated into architecture, engineering, & construction, manufacturing & automotive, media & entertainment, gaming, healthcare, and others. The healthcare segment is expected to grow at a significant rate during the projected period. The programmed aids in the visualization of anatomical pictures, resulting in better surgical planning, diagnosis, and surgical results. Moreover, the architecture, engineering, & construction segment is expected to emerge as a fast-growing segment during the forecast period due to extensive adoption of visualization, simulation, and animation for various engineering purposes to ensure accurate and more realistic experience.
North America is anticipated to constitute a key market share
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period due to the presence of a significant number of major global players such as Adobe Systems Incorporated, Autodesk, Inc., and Dassault Systèmes in the region. Owing to the availability of dependable wireless access, the region is expected to see an increase in the usage of visualization and 3D rendering software.
Segments
Segments Covered in the Report
The global visualization and 3D rendering software market has been segmented on the basis of
Deployments
Applications
- Animation
- Visualization & Simulation
- Product Design & Modeling
- Others
End-users
- Architecture, Engineering, & Construction
- Manufacturing & Automotive
- Media & Entertainment
- Gaming
- Healthcare
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- The Foundry Visionmongers Ltd.
- Chaos Software
- Luxion, Inc.
- Autodesk, Inc.
- Dassault Systèmes
- Trimble, Inc.
- Corel Corporation
- Adobe Systems Incorporated
Competitive Landscape
Key players competing in the global visualization and 3D rendering software market are The Foundry Visionmongers Ltd.; Chaos Software; Luxion, Inc.; Autodesk, Inc.; Dassault Systèmes; Trimble, Inc.; Corel Corporation; and Adobe Systems Incorporated. Some of these players have executed several business operation strategies such as products innovation, production capacity expansion, and entering into partnership to strengthen their market position.
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