Visualization & 3D Rendering Software Market Overview:
Global Visualization & 3D Rendering Software Market was valued at $747 million in 2016, and is estimated to reach $2,904 million by 2023, growing at a CAGR of 21.7% from 2017 to 2023. Visualization & 3D rendering applications including marketing & advertisement, research & training, gaming and videography are offered by prominent visualization & 3D rendering software providers, such as Embodee Corp., Luxion Inc., SAP SE, Siemens AG, and others, to virtually create high level of graphical representation. Visualization & 3D rendering provides streamlined real-time image synthesis and real-time 3D modelling applications. The global visualization & 3D rendering software market is expected to witness significant growth rate, 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.
Europe visualization & 3D rendering software market is expected to register the highest CAGR in the near future. Global vendors invest heavily in the market to improve the overall visualization & 3D rendering solution offering to ensure low-cost and on time image analysis, precision modeling, and virtual infrastructure modeling. The Asia-Pacific region, which includes countries such as China, India, Japan, and Australia, offer lucrative opportunities for market players. Moreover, surge in demand for high level gaming interface and growth in healthcare studies drive the Europe visualization & 3D rendering software market.
The global visualization & 3D rendering software market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 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. However, LAMEA 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.
Visualization & 3D Rendering Software Market Segmentation
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.
The key players profiled in the report are 3D Virtualization, Act-3D B.V., Autodesk, Inc., Embodee Corp., Otoy Inc., Luxion Inc., SAP SE, Siemens AG, Sphere 3D, and Webmax Technologies. The report discusses the key strategies adopted by the companies along with the detailed analysis of the current trends, upcoming opportunities, and restraints in the global visualization & 3D rendering software market along with detailed information about their impacts.
Top Impacting Factors
High Demand for Virtual Modeling and Building Design
Virtual modeling and architectural design in real estate sector is expected to fuel the visualization & 3D rendering software market across the globe.
Surge in Demand for High Level Gaming and Videography
With growth in demand for high level graphical imaging in gaming and cinematography, the demand for visualization & 3D rendering software is on high trend.
Lack of it Infrastructure in the Underdeveloped Nations
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 in the near future.
Growth in Urbanization and Smart City Project
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-depth analysis of the global visualization & 3D rendering software market and its dynamics are provided to understand the market scenario.
- Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on the prevailing opportunities.
- Porters Five Forces analysis examines the competitive structure of the market and provides a clear understanding of the factors that influence the market entry and expansion.
- A detailed analysis of the geographical segments enable the identification of profitable segments for market players.
- Comprehensive analysis of the trends, sub segments, and key revenue pockets are provided in the report.
Visualization & 3D Rendering Software Market Key Segments:
By Deployment Model
- Marketing & advertisement
- Research & training
By End User
- Construction & real estate
- Energy & utility
- Media & entertainment
- Healthcare & life science
- North America
- Rest of Europe
- South East Asia
- Rest of Asia-Pacific
- Latin America
- Middle East