San Francisco, 15 November
2018: According to a report published by Grand View Research,
Inc.; the visualizationand 3D rendering software market is expected to reach a valuation of
around USD 5.63 billion by 2025.
Increasing demand for
innovative and cost-effective technologies for visualization and simulation can
propel the market over the forecast period (2014 to 2025). In addition, development
of user-friendly renderer interface is also expected to support the market
growth.
The software can be used for product
designing, modeling, visualization, animation, and simulation. Rising focus on cost
and time management, innovation, and increasing need for realistic media have
increased the demand for these types of software. These solutions are extensively
used in real-time marketing. They allow
organizations to get real-time feedbacks and decision marking capabilities to
increase profits. Thus, benefits such as real-time reviewing, time management,
and cost optimization are likely to fuel the market growth in the coming years.
However, lack of
infrastructure, especially in emerging economics is the major challenge for the
market. Since, accessibility of 3D content and well-established infrastructure
play an important role. In addition, several issues associated with design,
deployment, and delivery of 3D content are likely to hinder the market growth.
Access
Research Report of Visualization
& 3D Rendering Software Market@ www.grandviewresearch.com/industry-analysis/visualization-3d-rendering-software-market
Worldwide visualization and 3D
rendering software market can be segmented on the basis of application, end
user, deployment, and region.
Based on application, the
market can be bifurcated into product design and modeling, visualization and
simulation, animation, and others.
The visualization and
simulation segment is a leading segment and expected to exhibit significant
growth by 2025. Visualization and simulation allow companies to manage customer
insights and to provide personalized services regarding animation, visual
effects, and graphics.
The animation segment is also
expected to show substantial growth in the coming years. Animation delivers
realistic experience to clients and supports to manage time and cost. Increasing
use of 3D animation in several industries including manufacturing, architecture,
gaming, and filmmaking to get accurate information related to designs is
expected to boost the segment.
As per end user, the market
can be categorized into architecture, engineering, and Construction,
healthcare, manufacturing and automotive, gaming, media and entertainment, and
others.
Browse more reports of this category by
Grand View Research at: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
In 2016, the architecture,
engineering, and construction segment estimated for the largest market share. This
segment is expected to remain on the top over the forecast period. The segment
is projected to gain over 25.0% by 2025. However, the healthcare sector is projected
to grow with notable CAGR over the projected period. The software is extremely
helpful to provide training and education to healthcare staff. Since, it helps to view anatomical images, surgical
planning, diagnoses, and results. It also helps to communicate regarding
patient’s condition with patient’s family or friends. The media and entertainment
segment is expected to gain important share over the forecast period. Since visualization,
animation, and simulation provides a realistic experience.
On the basis of deployment,
the market can be classified into on-premise and cloud. The cloud segment is the
leading segment and likely to maintain its supremacy with a CAGR of 23.6% over
the forecast period. Cloud based platform are highly scalable and provides better
mobility.
Geographically, the market can
be divided into North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa.
In 2016, North America conquered
the market and expected to remain dominant over the forecast period due to
early user of the technology and existence of established players. The region
is expected to increase the adoption of these software due to existence of reliable
wireless connectivity. Early use of
advanced technologies in several industries including engineering, architectural,
and construction, media and entertainment, gaming, and others will also be
expected to increase the product demand in the coming years.
Key companies operating in the market include Trimble,
Inc.; Autodesk, Inc.; Adobe Systems Incorporated; Dassault Systemes; and
Luxion, Inc. The major companies are mainly concentrating on R &D and to
provide innovative, cost-effective, and user-friendly solutions. Apart from new
product development, top players also following strategies like mergers and
acquisitions to gain traction in the market.
Access Press Release of
Visualization & 3D Rendering Software Market@ www.grandviewresearch.com/press-release/global-visualization-3d-rendering-software-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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