Visualization and 3D Rendering Software Market Estimated to Exceed US$ 6.87 Billion Globally By 2027 | CAGR of 20.9%

PRESS RELEASE
Published February 6, 2023

According to IMARC Group latest report titled “Visualization and 3D Rendering Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on visualization and 3D rendering software industry share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global visualization and 3D rendering software market reached a value of US$ 2.14 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.87 Billion by 2027, exhibiting a CAGR of 20.9% during 2022-2027.

Visualization and 3D rendering software refer to innovative solutions that are used for creating and generating images based on three-dimensional or 3D. They are available in plug-in and stand-alone modes. Visualization and 3D rendering software systems help create displays and graphical interfaces for applications and convert 3D models and 2D images and videos. They ensure real-time insights, enhanced processing, a user-friendly renderer interface, and improved cost-effectiveness. Visualization and 3D rendering software variants prove extremely effective for architectural and product animation, visualization, high-end video game development, marketing and advertising, training simulation, etc. Consequently, they find extensive utilization across various sectors, such as construction, education, energy and utilities, media and entertainment, healthcare, etc.

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Market Trends:

The shifting preferences toward virtual modeling and building design are among the key factors driving the visualization and 3D rendering software market. In addition to this, the development of smart cities and the escalating need for efficient architectural planning solutions is acting as another significant growth-inducing factor. In line with this, the increasing usage of the software in visualizing the exterior and interior features of upcoming construction projects is also positively influencing the global market. Moreover, the elevating integration of artificial intelligence (AI) technologies with the rendering and visualization software and the launch of user-friendly rendering software with unique tools, add-ons, and plug-ins are further catalyzing the market growth. Apart from this, the expanding requirement for real-time rendering solutions with advanced editing capabilities and the inflating demand for high-level gaming and videography platforms are expected to propel the visualization and 3D rendering software market over the forecasted period.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • Adobe Inc.
  • Altair Engineering Inc.
  • Autodesk Inc.
  • Chaos Software Ltd.
  • Corel Corporation
  • Dassault Systèmes SE
  • Luxion Inc.
  • Next Limit Technologies
  • NVIDIA Corporation
  • SAP SE
  • Siemens AG
  • Trimble Inc

Visualization and 3D Rendering Software Market Segmentation:

Our report has categorized the market based on region, product type, deployment mode, application and end use industry.

Breakup by Product Type:

  • Plugin
  • Stand-alone

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based

Breakup by Application:

  • Architectural and Visualization
  • Research and Training
  • Gaming
  • Marketing and Advertisement
  • Others

Breakup by End Use Industry:

  • Construction and Real Estate
  • Energy and Utilities
  • Media and Entertainment
  • Education
  • Healthcare and Life Science
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

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