The Global Visualization & 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 process of creating an image based on 3D data that is stored in a computer program is known as Visualization and 3D rendering. Most of the events like exhibitions, conferences, and presentations utilize 3D rendering for demonstration. Moreover, the software provides various advantages like real-time insights, enhanced processing, and a user-friendly renderer interface that drives its demand among the end-users. The main motive of using visualization & 3D rendering software is to generate a visual interface that helps the creators, developers, and customers to better understand the project.
The rising demand for virtual modeling & building design and increasing demand for architecture planning in order to create smart cities would boost the growth of the Visualization & 3D Rendering Software Market during the forecast years. Moreover, the increasing demand for real-time rendering & quick decision-making abilities are positively affecting the growth of the market. Although, the growth of the Visualization & 3D rendering software market is expected to be hampered by the factors such as the lower demand for 3D rendering software in developing countries, the absence of IT infrastructure, and the increasing privacy issues along with the absence of proper security.
The market of visualization & 3D rendering software has recorded a notable growth rate in the last few years. Though, the market witnessed abrupt decline due to the outbreak of COVID-19 pandemic in 2020. This downfall was witnessed due to the lockdown and the travel ban imposed by many governments across the world to contain the spread of the virus.
Based on Component, the market is segmented into Standalone and Plugin. The Standalone market dominated the Global Visualization & 3D Rendering Software Market by Component 2019, growing at a CAGR of 23.3 % during the forecast period. The Plugin market is estimated to grow at a CAGR of 26.7% during (2020 - 2026).
Based on Application, the market is segmented into Architectural & Visualization, Marketing & Advertisement, Research & Training, Gaming and Others. On the basis of application, the architecture & visualization segment dominated the visualization & 3D rendering software market in 2019 and is also expected to maintain the similar trend over the forecast period. The increasing adoption of the 3D rendering software in the construction and real estate sector for visualizing their projects to the customers, increase their profit margin and strengthen their market position, and hence, contributing to the market growth.
Based on Deployment Type, the market is segmented into On-premise and Cloud. Due to the technological enhancements, there has been a paradigm shift from on premise solutions to the cloud deployment. Cloud-based solutions provide companies with rising mobility, higher scalability, and on-demand accessibility of resources. These features allow time and cost optimization. The cloud category will emerge as the most prominent and promising category in the visualization & 3D rendering software market over the forecast period.
Based on End User, the market is segmented into Construction & Real Estate, Media & Entertainment, Education, Energy & Utilities, Healthcare & Life Sciences and Others. The healthcare sector is anticipated to increase at a significant CAGR during the forecast period. All the professionals in the healthcare sector get the training and education by using visualization & 3D rendering software. This software aids in looking at the anatomical images, which results in enhanced surgical planning, outcomes, and diagnoses. Moreover, it also helps in safer communication, about the condition of a patient, with their families.
| Report Attribute | Details |
|---|---|
| Market size value in 2019 | USD 1.5 Billion |
| Market size forecast in 2026 | USD 5.6 Billion |
| Base Year | 2019 |
| Historical Period | 2016 to 2018 |
| Forecast Period | 2020 to 2026 |
| Revenue Growth Rate | CAGR of 24.5% from 2020 to 2026 |
| Number of Pages | 299 |
| Number of Tables | 473 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling, Competitive Landscape |
| Segments covered | Component, Application, Deployment Type, End User, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Free Valuable Insights: Global Visualization & 3D Rendering Software Market to reach a market size of $5.6 billion by 2026
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Asia-Pacific is anticipated to record substantial growth over the forecast period, due to the increasing investment in graphics and animation solutions in numerous end-use sectors like media & entertainment, construction & real estate, and healthcare. In addition, increasing urbanization and swift growth in the construction industry in developing nations like South Korea, China, and India are estimated to propel the visualization & 3D rendering market over the forecast period.
The major strategies followed by the market participants are Acquisitions. Based on the Analysis presented in the Cardinal matrix; SAP SE, Siemens AG, Adobe, Inc., and NVIDIA Corporation are the forerunners in the Visualization & 3D Rendering Software Market. Companies such as Dassault Systemes SE, Autodesk, Inc., Trimble, Inc. are some of the key innovators in the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
By Component
By Application
By Deployment Type
By End User
By Geography
The visualization & 3D rendering software market size is projected to reach USD 5.6 billion by 2026.
There are several reason that cause high demand of this market one of them is increasing demand for real-time rendering and quick decision-making capabilities.
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.
The expected CAGR of visualization & 3D rendering software market is 24.5% from 2020 to 2026.
The 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.
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