Global 3D Rendering Software Market Research Report, By Type (Plug-in and Standalone), Application (Marketing & Advertisement, Research & Training, Gaming, Videography) and End-User (Real Estate, Media & Entertainment, Healthcare) – Forecast till 2023
— Market Highlights
The global 3D rendering software market is projected to experience growth at 15% CAGR from 2017 to 2023 (forecast period). High need for effective visual communication mediums is the primary market driver of the market. Immense demand from real estate and construction sectors to portray futuristic designs is likely to boost market sales till 2023. In addition, easy availability of sample models online which can be compatible with the latest 3D software can be monumental in its growth.
Rapid development of 3D technology and increased adoption of 3D technology in various industries such as building and construction, media and entertainment and others are also propelling the growth of the global 3D rendering software market. Introduction of advanced device affordable prices that can effectively run the 3D rendering software is also contributing to the expansion of the global 3D rendering software market during the assessment period.
Animation has brought about unparalleled cinematic marvels which were only perceived in dreams or written in books. 3D rendering is the process of converting wireframe models to 3D which will be photorealistic. Various techniques include ray tracing, radiosity, and scanline rendering. Some of the well-known software include AutoCAD, Rhino, and Blender which assist visualizers in putting their idea across to impress their clients. The global 3D rendering software market report by Market Research Future (MRFR) compiles a list of drivers, opportunities, and threats engulfing the market.
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The global 3D rendering software market is segmented by type, application, and end-user.
By type, it is segmented into plug-in and stand alone.
By application, it is segmented into videography, marketing & advertisement, research & training, and gaming. The research & training segment can be lucrative for the 3D rendering software market due to shortage of skilled professionals. On the other hand, the marketing & advertisement segment is predicted to be defining for the market owing to the need for detailed designs for a higher appeal. Furthermore, the rendering software can make products visually appealing to users and help them making an emotional connect with users. This is evident with car manufacturers using storytelling with the help of cars to sell its concept.
By end-user, it is segmented into healthcare, media & entertainment, and real estate. The real estate segment is expected to be one of the biggest revenue generators due to demand from the construction sector in developing economies. Initiatives by governments for developing smart cities will require the need for 3D imaging software which can render realistic designs. On the other hand, the media & entertainment segment can generate significant revenue due to the need for high-end visuals for depicting ideas and novel concepts.
The global 3D rendering software market has been segmented into five major regions such as Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. The North America region command the maximum share of the global 3D rendering software market owing to the rapid adoption of 3D printing technology in various industrial sectors such as aerospace, automotive, healthcare and others, increasing demand for 3D rendering technology in infotainment industry, rise in trend of VFX in media industry and development of advanced software to support 3D rendering for various applications in this region.
Increased incorporation of 3D technology in the in building and construction industry to optimize the infrastructural development in the urban areas of emerging economies of China, Japan, India and others, and surge in smart city projects are propelling the growth of the 3D rendering software market in the Asia Pacific region, making it the fastest growing market in the global 3D rendering software market.
Increased investments from prime companies for research and development in the field of 3D technology is majorly fueling the growth of the 3D rendering software market in the Europe region. Poor economic conditions and low penetration of advanced technology in the underdeveloped countries of the Middle East and Africa region are resulting in the slow growth of 3D rendering software market in this region.
Major Key players
Some of the prime players profiled by Market Research Future (MRFR) that are operating in the global 3D rendering software market are Autodesk, Inc (the U.S.), Siemens AG (Germany), Adobe Systems (the U.S.), Dassault Systèmes (France), NVIDIA Corporation (the U.S.), Trimble, Inc (the U.S.), Next Limit Technologies (Spain), Corel Corporation (Canada), SAP SE (Germany), Chaos group (Bulgaria), The Foundry Visionmongers Ltd (London), NewTek, Inc. (the U.S.), Render Legion S.R.O (Prague), Luxion, Inc. (the U.S.), and Cristie Digital System (the U.S). Rapid development in 3D technology is aiding the players in the global 3D rendering software market for expanding their businesses by introducing innovative rendering solutions in the global market. Initiatives such as strategic mergers and acquisitions are also empowering the players to retain their dominance on the global 3D rendering software market during the review period.
June 2019 – Nvidia, a renowned company for making graphic cards, has decided to foray into game development and storytelling. It has decided to develop its real-time rendering for gamers and advances in hardware.
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List of Figures
FIGURE 1 Global 3D Rendering Software Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global 3D Rendering Software Market
FIGURE 4 Value Chain Of Global 3D Rendering Software Market
FIGURE 5 Share Of Global 3D Rendering Software Market In 2017, By Country (In %)
FIGURE 6 Global 3D Rendering Software Market, 2017-2023,
FIGURE 7 Sub Segments Of Type
FIGURE 8 Global 3D Rendering Software Market Size By Type, 2017
FIGURE 8 Share Of Global 3D Rendering Software Market By Type, 2017 TO 2023
FIGURE 9 Global 3D Rendering Software Market Size By Applications, 2017
FIGURE 10 Share Of Global 3D Rendering Software Market By Applications, 2017 TO 2023
FIGURE 11 Global 3D Rendering Software Market Size By Industry, 2017
FIGURE 12 Share Of Global 3D Rendering Software Market By Industry, 2017 TO 2023
Name: Abhishek Sawant
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Organization: Market Research Future
Release ID: 88896761