Visualization and 3D Rendering Software Market Demand, Technology Advancement and Business Outlook 2021 to 2030

At an estimated value of over USD 1.63 billion in 2019, the Global Visualization and 3D Rendering Software Market is predicted to thrive at a CAGR of 17.5% and valued at over USD 9.61 billion over the forecast year 2020-2030.

Visualization and 3D rendering is a process of developing and processing 3D model into a pixel perfect 3D photorealistic image, which can be used by the end-users such as architecture, building and construction, media and entertainment, design and engineering, healthcare and life sciences, and academia, and others (GIS and forensic science industry).

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Top Companies: 3D Virtualization, Act-3D B.V., Autodesk, Inc., Embodee Corp., Otoy Inc., Luxion Inc., SAP SE, Siemens AG, Sphere 3D, and Webmax Technologies.

Market Dynamics and Trends

The global visualization and 3D rendering software has witnessed a rapid growth in the market. This is due to high demand for virtual modeling and building design in real-estate sector in various developed and the developing regions, including North America, Europe, and Asia-Pacific. Also, benefits such as cost optimization, time management, and real-time reviewing are expected to propel the market growth.

However, the countries in Latin America, the Middle East, and Africa have not yet adopted technologically advanced hubs with rich IT infrastructure and digital content, which in turn is expected to hinder the global market growth during the forecast period. On the contrary, increase in number of residents shifting towards urban areas and government investments on smart cities with smart infrastructure hub are expected to enhance market opportunity for visualization & 3D rendering software globally in the coming years.

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Market Segmentations and Scope of the Study:

The global visualization & 3D rendering software market is segmented on the basis of type, deployment model, application, end user, and geography. On the basis of type, it is bifurcated into plugin and stand-alone. On the basis of deployment model, it includes cloud and on-premise deployment. On the basis of application, it is classified into marketing & advertisement, research & training, gaming, videography, and cartoon. On the basis of end user, the market is divided into construction & real estate, energy & utility, media & entertainment, education, healthcare & life science, others. Geographically, the market is analyzed across North America, Europe, Asia Pacific and RoW.

Geographical Analysis:

North America is leading the market and is expected to retain its position over the forecast period, owing to early adoption of the technology and presence of leading market players. Rise in need for automated 3D modelling and increase in adoption of visualization & 3D rendering solutions contribute to the market growth in North America and Europe.

Asia-Pacific is anticipated to show a steep rise in the market growth due to the emerging economies, technological advancement and urbanization. However, RoW is expected to account less market share in the global visualization & 3D rendering software market as compared to other regions, due to slow ICT spending and slow growth in real estate industry. Furthermore, the Latin America and Middle East are expected to gain traction, but the growth is expected to be stable during the forecast period.

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