0
2019
3d Rendering Services Market

3D Rendering Services Market

by Service Type (Interior Visualization, Exterior Visualization, Modeling Services, Walkthrough & Animation, and Floor Plan), End User (Architects, Designers, Engineering Firms, and Real Estate Companies), and Project Type (Commercial Project and Residential Projects): Global Opportunity Analysis and Industry Forecast, 2019-2026
Update Available On-Demand

Report Code: A05809
Pages: 221
Nov 2019 | 7166 Views
Author(s) : Pramod B , Supradip B
Tables: 109
Charts: 57
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COVID-19

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3D Rendering Services Market Statistics - 2026

The global 3D Rendering Services market size was valued at $8,563.87 million in 2018, and projected to reach $61,651.18 million by 2026, growing at a CAGR of 28.10% from 2019 to 2026. 3D rendering is a process of generating an image based on the three-dimensional data that are stored within a computer program. It is most often used for demonstration at various conferences, exhibitions, and presentations. It is mainly used in architectural designs, video games, and animated movies, simulators, TV special effects, and design visualization. This service helps reduce operational cost, real-time virtualization, and builds efficiency in 3D model structures as well as maps. 3D rendering is an integrated service used for advanced rendering and graphical representation. Thus, providing a significant growth in the global market.
 
The 3D Rendering Services market trends include increase in need for virtualized and real-time experience in designing and planning in construction projects and surge in the adoption of 3D Rendering Services for faster delivery of construction projects drives the growth of the market. In addition, increase in demand for better resource management & faster decision-making capabilities and surge in the need for real-time rendering fuels the growth of the market. Furthermore, dearth of imaging infrastructure and lack of skilled labor are expected to hinder the growth of the 3D Rendering Services market. Moreover, increase in adoption of cloud-based 3D Rendering Services among the SMEs is anticipated to provide major opportunities for the market.

3D Rendering Services Market Infographics

The commercial projects are estimated to garner significant global 3D Rendering Services market share. The major factors driving the adoption of 3D Rendering Services in this sector include increase in adoption of this services by the organizations to value their products in the eyes of their customers. However, residential projects are expected to grow at the highest rate during the forecast period, owing to increase in the real-time rendering for getting photorealistic results of the building and demand by the customers to have a quality 3D image. 

The report focuses on the growth prospects, restraints, and trends of the 3D Rendering Services market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the global market.

3D Rendering Services Market
By Project Type

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Commercial is projected as one of the most lucrative segments.

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Segment review

The global 3D Rendering Services market is segmented into service type, end user, project type and region. In terms of service type, the market is segmented into interior visualization, exterior visualization, modeling services, walkthrough and animation and floor plan. As per end user, the market is categorized into architects, designers, engineering firms, and real estate companies. In terms of project type, the market is bifurcated into commercial project and residential projects. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the 3D Rendering Services market analysis are RealSpace Vision Communication Inc., Mapsystems, Professional 3D Services, 3D Animation Services, Flatworld Solutions Pvt. Ltd., WinBizSolutions, Rayvat Rendering, XpressRendering, Tesla Outsourcing Services and CG Studio. 

3D Rendering Services Market
By End-user

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Designers is projected as one of the most lucrative segments.

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Top impacting factors

Surge in the need for virtualized and real-time experience in designing and planning

Designing and planning are two important phases of construction projects, owing to which there has been an increase in the need for virtualized and real-time planning and designing of the buildings. 3D Rendering Servicess help designers, 3D artists, and architects to manipulate designs in real-time and gain valuable insights of both the qualitative and quantitative nature of the buildings that they are designing. In addition, surge in digital technologies that are widely used in designing buildings and infrastructures drives the growth of the 3D Rendering Services market.

3D Rendering Services Market
By Service Type

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Floor Plan is projected as one of the most lucrative segments.

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Lack of security and privacy issues

The major challenge faced by the 3D Rendering Services industry is providing security and privacy of data stored in the system, owing to rise in data breaches that has increased in different regions. As a result, security issues became the major concerns of the data stored on cloud, which hampers the growth of the 3D Rendering Services market.

Increase in adoption of cloud-based 3D Rendering Servicess

Rise in cloud adoption have propelled on-going R&D activities for more efficient cloud services and products. Increase in preference for cloud-based deployment is prompting the providers to offer on-demand deployment of their software for commercial customers. Furthermore, companies are providing rendering services on the cloud to increase the usability as well as offer better customer experience, and at the same time reduce the cyberattack threats. These factors offer growth opportunities for the 3D Rendering Service market.

3D Rendering Services Market
By Region

2026
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific would exhibit the highest CAGR of 30.10% during 2019-2026.

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Impact of COVID-19 on 3D Rendering Services Market:

  • The growth of the 3D rendering services market is expected to decline during the Covid-19 pandemic outbreak. The operational activities related to the construction industry have been banned by government to control the transmission of coronavirus. Therefore the adoption of 3D rendering services in its application sectors such as architects, designers, engineering firms, and real estate companies might be decreased.
  • However, the adoption of 3D rendering services is carried out by some companies for the previously approved construction projects during the global lockdown. 

Key Benefits for 3D Rendering Services Market :

  • The study provides an in-depth analysis of the global 3D Rendering Services market forecast along with the current & future trends to elucidate the imminent investment pockets.
  • Information about key drivers, restrains, and opportunities and their impact analysis on the global 3D Rendering Services market size is provided in the report.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the market industry for the period 2018–2026 is provided to determine the market potential.

3D Rendering Services Market Report Highlights

Aspects Details
By Service
  • Interior Visualization
  • Exterior Visualization
  • Modeling Services
  • Walkthrough and Animation
  • Floor Plan
By End User
  • Architects
  • Designers
  • Real Estate Companies
  • Engineering Firms
By Project Type
  • Commercial Project
  • Residential Projects
By Region
  • North America  (U.S., Canada)
  • Europe  (UK, Germany, France, Italy, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, Singapore, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players 3D Animation Services, Adobe Inc., Autodesk Inc., Corel Corporation, Flatworld Solutions Pvt. Ltd., Nvidia Corporation, Rayvat Rendering, Siemens AG, Tesla Outsourcing Services, XpressRendering
 

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3D rendering service offers a flexible and versatile photorealistic visual of exteriors and interiors of the existing landscapes and structures. 3D rendering is a solution for processing 3D images, which are stored in systems to draw realistic lighting, colors, shadows, textures, and others. The construction and real-estate organizations globally have started adopting 3D rendering services for providing a photorealistic model of exactly what the project will look like in real life to their customers. Numerous benefits associated with 3D rendering service, such as availability of software & infrastructure, cost-effective pricing, superior quality and superior technical resources, are the lucrative factors that boost the growth of the 3D rendering service market. The technology is utilized to design and render construction projects such as buildings & homes, commercial spaces, manufacturing facilities, and others. Furthermore, increase in the need for virtualized and real-time experience in designing and planning construction projects and surge in the adoption of 3D rendering services for faster delivery of construction projects drive the growth of the market. Moreover, high demand for virtual modeling and building design in real estate and architecture is expected to create lucrative opportunities for the market.

The global 3D rendering service market has a very competitive and fragmented environment consisting of several international and regional players.

The global players are focusing on several new product developments and increasing their presence in many regions, leading to the growing competition in terms of features, quality, and price for the local vendors. Market players are adopting various business strategies to enhance their product offerings, boost product development, and increase their market penetration. For instance, in June 2019, Siemens Digital Industries Software launched the new version of Solid Edge software. The new version features numerous enhancements that are expected to enable small and medium-sized manufacturing companies to accelerate manufacturing processes and product development.

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