Published Date: 9-Mar-2021
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According to a new report Global Visualization and 3D Rendering Software Market, published by KBV research, The Global Visualization and 3D Rendering Software Market size is expected to reach $5.6 billion by 2026, rising at a market growth of 24.5% CAGR during the forecast period.
The Architectural & Visualization market dominated the Global Visualization & 3D Rendering Software Market by Application 2019. The research & training segment would exhibit prominent growth rate during the forecast period. It is due to the increasing demand for planning and execution of precise visual representation of various research objects like internal body organs, instruments, microparticles, and others that have resulted in the increasing applications of visualization & 3D rendering software in research & education enterprises.
The construction & real-estate segment is estimated to witness a substantial market share over the forecast period. It is owing to the growing construction industries in developing nations like China, Brazil, and India. Additionally, the increasing demand for virtual modeling and building design in the construction, real estate, and architecture industry is anticipated to boost the growth of the 3D rendering software market growth during the forecast period. In addition, the healthcare & life science sector has recorded a rising adoption of the 3D rendering software in many regions, due to the growing requirements for 3D anatomical models for life science studies and pre-surgical requirements.
Based on Region, North America witnessed the largest market share in 2019 and is estimated to continue its dominance during the forecast period, due to the presence of key market players like Autodesk, Adobe, etc. This region is expected to witness an increasing adoption of visualization & 3D rendering software owing to the existence of trustworthy wireless connectivity. The increasing adoption of the advanced technologies in different sectors, like engineering, architecture, gaming, construction, media & entertainment, and others, has impacted the growth of the market in this region.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Autodesk, Inc., Adobe, Inc., Siemens AG, Dassault Systemes SE, NVIDIA Corporation, SAP SE, Trimble, Inc., Corel Corporation (KKR Capitals), Next Limit SL, and Luxion, Inc.
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