According to the new research report on 'Visualization and 3D Rendering Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis,' the market is expected to reach US$ 7,433.6 million by 2028, registering a CAGR of 18.2% from 2021 to 2028.Visualization and 3D Rendering Software Market is expected to reach US$ 7,433.6 million by 2028
The visualization and 3D rendering software market in North America is segmented into Canada, the US, and Mexico. Of these, the US and Canada are the developed countries with significant acceptance of modern technologies, a high standard of living, and advanced infrastructure. Moreover, the region is the home of the world’s largest media & entrainment sector, which is harnessing the latest designing and animation tools for producing enhanced graphical content. Most of the fortune 500 companies in the world, including extensive designing and R&D centers, have presence in the region. Manufacturing companies invest ample amounts in designing tools, such as visualization and 3D rendering tools, to deliver competitive products in the visualization and 3D rendering software market. Further, the presence of a vast manufacturing sector subsequently complements the logistics industry in North America. With a focus on the optimization of resources, logistics industries are now actively investing in advanced technologies, including visualization and 3D rendering tools, for maximizing the use of their warehouse facilities. Healthcare, infrastructure, and construction are among the major sectors in the region. Designers and engineers are utilizing visualization and 3D rendering in planning and construction operations. Also, the high emphasis on the maintenance of transport and public infrastructure is among the other factors propelling the visualization and 3D rendering software market growth.
The US is the major visualization and 3D rendering software market for visualization and 3D rendering tools as the country is known for the early adopter of advance technologies. The presence of largest movie & entrainment industry coupled with high emphasis on the use of various advance designing tools across several industry verticals is fueling the growth of the visualization and 3D rendering software market. Investments for modernizing the country’s aging infrastructure along with the rapidly increasing population propelling high demand for housing construction in the US. Thus, the visualization and 3D rendering software market for is expected to grow in the US. Also, the residential construction of the US is experiencing a high growth attributed to the increased demand for more apartments. This will further result in rise in the construction sector thus, influencing the visualization and 3D rendering software market growth. Moreover, the presence of headquarters of market players such as Autodesk, Inc.; Christie Digital Systems USA, Inc.; Luxion Inc.; and others is among other factor driving the growth of the visualization and 3D rendering software market.
With the increasing adoption of smart devices, digital signage, and the internet, the use of visualization and 3D rendering content for marketing and advertisement is remarkably high in North American countries. These advanced designing tools are being used for animation, VFX, digital media, and films. Further, the presence of a huge content creator community and the headquarters of video game giants, such as Electronic Arts; Activision Blizzard; and Rockstar Games, Inc., in the region is contributing to the adoption of visualization and 3D rendering tools in North America. NTi Audio AG, Sennheiser, and Televic Conference Group, and others, is supporting visualization and 3D rendering software market growth substantially.
The global visualization and 3D rendering software market is segmented on the basis of application, deployment type, and end-users. Based on application, the visualization and 3D rendering software market is segmented into training simulation, marketing & advertisement, video games, product visualization, and architectural visualization. Based on deployment type, the visualization and 3D rendering software market is bifurcated into on-premise and cloud. By end-user, the visualization and 3D rendering software market is segmented into media & entertainment, architecture, construction & building, design & engineering, healthcare, and others. Autodesk Inc.; Christie Digital Systems USA, Inc.; Dassault Systèmes; NVIDIA CORPORATION; Chaos Group; Luxion Inc.; OTOY Inc.; Next Limit; Act-3D. (LUMION); and Thea Render by Altair players are considered during the course of visualization and 3D rendering software market study.
Key Findings of Study:
Construction is considered one of the key contributions to the country’s socio-economic development. The developing economies worldwide, such as Ethiopia, India, China, Brazil, Vietnam, South Korea, Tanzania, and Myanmar, are experiencing a high rise in their respective construction sectors due to the surge in the number of new households and other commercial construction. According to the Haver Analytics/Oxford Economics, Contribution to Global Construction Growth Outlook 2020-2030, China and India are the key countries with booming residential construction activities. Also, the basic infrastructure of these economies is at an increasing pace. For instance, Asia Pacific and SAM comprise several developing economies, attracting a lot of FDIs in their infrastructural development.
Further, the government initiatives to support the growth in the construction industry are among other factors fueling the demand for visualization and 3D rendering software. For instance, in September 2021, the Egyptian Government announced its support for constructing 37 new smart city projects. In February 2021, the South Korean Government announced that the building regulations are expected to be relaxed in urban areas to support redevelopment projects and increase the number of new houses (up to 836,000) across the nation. These developments are likely to further lead to their infrastructural development.
With the construction sector expanding, the demand for visualization and 3D rendering software is increasing significantly. Moreover, with the focus on sustainability, governments worldwide are emphasizing on the development of energy-efficient buildings by offering benefits, such as subsidiaries and tax incentives. For instance, in February 2021, the German Government announced its support with subsidies and incentives worth US$ 7.2 billion for increasing energy efficiency in buildings. All these factors are driving the visualization and 3D rendering software market growth remarkably.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global visualization & 3D rendering software market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global visualization & 3D rendering software market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Frequently Asked Questions about the Global Visualization and 3D Rendering Software Market
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| Report Attribute | Details |
|---|---|
| No. of Pages | 180 |
| Published | March 2022 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 2300.5 Million |
| Forecasted Market Value ( USD | $ 7433.6 Million |
| Compound Annual Growth Rate | 18.2% |
| Regions Covered | Global |
Table of Contents
1. Introduction
3. Research Methodology
4. Visualization & 3D Rendering Software Market Landscape
5. Visualization and 3D Rendering Market - Key Industry Dynamics
6. Visualization & 3D Rendering Software Market - Global Analysis
7. Visualization and 3D Rendering Software Market Analysis - By Application
8. Visualization and 3D Rendering Software Market Analysis - By Deployment Type
9. Visualization and 3D Rendering Software Market Analysis - By End User
10. Visualization and 3D Rendering Market - Geographic Analysis
11. Visualization & 3D Rendering Software Market- COVID-19 Impact Analysis
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Executive Summary
The visualization and 3D rendering software market was valued at US$ 2,300.5 million in 2021 and is projected to reach US$ 7,433.6 million by 2028; it is estimated to grow at a CAGR of 18.2% from 2021 to 2028.The visualization and 3D rendering software tools help users in designing basic three-dimensional models of objects. The visualization and 3D rendering software assists in the product designing, real-time marketing, and training apart from multiple other capabilities. Businesses and individual users across the world are using visualization and 3D rendering software tools to improve operations and increase productivity and usage of resources to their full extent by identifying problem areas and aspects that need improvements. The tools are being widely employed in various land-centric industries, such as engineering & construction, manufacturing, and transportation & logistics, as well as in many other industries such as media & entertainment, healthcare, and education. The increase in need for cost-effective technologies has increased the adoption of visualization and 3D rendering software.
A few of the factors driving the growth of the global visualization and 3D rendering software market are the growing demand for 3D animation and 3D content, rising 3D display devices, and technological advancements in AR and VR. Further, the growing adoption and integration of technologies, such as artificial intelligence and machine learning, in visualization and 3D rendering software to boost the accuracy of 3D content is complementing the visualization and 3D rendering software market growth. All these factors are anticipated to offer ample growth opportunities for visualization and 3D rendering software market players during the forecast period.
Impact of COVID-19 Pandemic on North America Visualization and 3D Rendering Software Market
North America is technological advanced region owing to which the penetration of advanced technologies including visualization and 3D rendering software is high. Before the COVID-19 outbreak, the visualization and 3D rendering software market was growing at a steady pace, and adoption rate by various end users was increasing. However, the onset of COVID-19 pandemic spurred the demand for visualization and 3D rendering software from the media & entrainment segment, as the sector witnessed an increase in demand for on-demand entertainment services, such as on-demand video services and gaming, from the masses from 2020. However, the adoption of visualization and 3D rendering software was marginally lower from the construction segment owing to lower revenues in 2020. Meanwhile, as the economy started to revive from late Q4 of 2020, the visualization and 3D rendering software market is experiencing growth in adoption rate from various end users.
The visualization and 3D rendering software market is broadly segmented into five major regions—North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America led the global visualization and 3D rendering software market in 2020. The growth of the visualization and 3D rendering software market in the region is attributed to a few factors such as favorable government policies and positive outlook toward the new technology adoption. Further, the presence of robust digital infrastructure and major market players propels the visualization and 3D rendering software market in North America. In terms of market size, Europe ranks second in the global visualization and 3D rendering software market.
Europe has the presence of well-developed countries that favors the adoption and application of new technologies. Also, the existence of the manufacturing & construction industry increases the penetration of visualization and 3D rendering software in the region. The APAC is projected to witness an impressive growth rate in visualization and 3D rendering software market during 2022–2028.
Autodesk Inc.; Christie Digital Systems USA, Inc.; Dassault Systèmes; NVIDIA CORPORATION; Chaos Group; Luxion Inc.; OTOY Inc.; Next Limit; Act-3D. (LUMION); and Thea Render by Altair are among the key players operating in the global visualization and 3D rendering software market.
The overall global visualization and 3D rendering software market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the visualization and 3D rendering software market. The process also serves the purpose of obtaining an overview and forecast of the visualization and 3D rendering software market with respect to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the visualization and 3D rendering software market
Companies Mentioned
A selection of companies mentioned in this report includes:
- Autodesk Inc.
- Christie Digital Systems Usa, Inc.
- Dassault Systèmes
- Nvidia Corporation
- Chaos Group
- Luxion Inc.
- Otoy Inc.
- Next Limit
- Act-3D (Lumion)
- Thea Render (Altair)
