Visualization and 3D Rendering Software Market Opportunities and Key Market Players

Visualization and 3D Rendering Software Market

The Visualization and 3D Rendering Software Market size is expected to grow from USD 1.06 billion in 2017 to USD 2.92 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.40% during the forecast period, as per a report by MarketsandMarkets.

Visualization and 3D rendering is a process of developing and processing 3D model into a pixel perfect 3D photorealistic image, which can be used by the end-users such as architecture, building and construction, media and entertainment, design and engineering, healthcare and life sciences, and academia, and others (GIS and forensic science industry). The base year for the study is 2016 and the forecast period is considered to be 2017 to 2022.

Why growth of high definition 3D viewing experience is an opportunity?

After the evolution of the 3D technology, developments can be witnessed in terms of enhancing the content quality and improving the user-viewing experiences. The availability of 3D technology now has started providing High Definition (HD) content to enhance their customers’ viewing experience through advanced 3D enabled devices such as 3D display units and VR devices. HD 3D experience helps in acquiring better customer engagement. It provides more visual information in the same time span in terms of reality, capturing attention, and increased emotional response. This improvement in user viewing experience would help various companies to examine their products in detail so that they can make further enhancements thereby making them more likable.

3D technology has been widely used in media and entertainment, architectural and construction, and manufacturing industries. These industries find 3D technology as more engaging as compared to other technology.

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Key Market Players for Visualization and 3D Rendering Software Market

The key players in the visualization and 3D rendering software market include Autodesk, Inc (California, US), Siemens AG (Munich, Germany), Adobe Systems (California, US), Dassault Systèmes (Vélizy-Villacoublay, France), NVIDIA Corporation (California, US), Trimble, Inc (California, US), Next Limit Technologies (Madrid, Spain), Corel Corporation (Ottawa, Canada), SAP SE (Walldorf, Germany), Chaos group (Sofia, Bulgaria), The Foundry Visionmongers Ltd (London, UK), NewTek, Inc (Texas, US), Render Legion S.R.O. (Prague, Czech Republic), Luxion, Inc (California, US), and Cristie Digital Systems (California, US). These players have adopted various strategies such as partnerships, agreements, mergers and acquisitions, and new product developments to achieve growth in the global visualization and 3D rendering software market.

The North American region is expected to contribute the largest market share in the visualization and 3D rendering market

North Americais expected to hold the largest market share in the visualization and 3D rendering market during the forecast period, as the visualization and 3D rendering enhance and increase the precision of organizational procedures so as to offer enriched products to end-users. The MEA region is expected to grow at the highest rate, as the region is experiencing the presence of creditable organizations that are gradually enabling the embracement of advance technologies.

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