The Business Research Company’s Visualization And 3D Rendering Software Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
— The Business Research Company
LONDON, GREATER LONDON, UK, December 11, 2023 /EINPresswire.com/ — The global visualization and 3D rendering software market is poised for substantial expansion, marked by a projected growth from $2.94 billion in 2022 to $3.64 billion in 2023 at a compound annual growth rate (CAGR) of 23.8%. This upward trajectory is anticipated to continue, reaching a market size of $8.39 billion by 2027 with a CAGR of 23.2%.
Major Players Shaping the Market Landscape
Key players in the visualization and 3D rendering software market include Autodesk Inc., Adobe Inc., Chaos Software, Corel Corporation, Dassault Systemes SE, Luxion Inc., Next Limit Technologies, Newtek Inc., Nvidia Corporation, SAP SE, Siemens AG, Trimble Inc., Altair Engineering Inc., and Cebas Visual Technology Inc. These industry leaders play a pivotal role in driving innovation and advancing the capabilities of visualization and 3D rendering software.
Surge in Gaming and Videography Driving Market Growth
The increasing demand for gaming and videography stands as a significant contributor to the growth of the visualization and 3D rendering software market. With nearly 227 million people playing video games in the US in 2021, as reported by the Entertainment Software Association (ESA), the market is witnessing a surge in the use of 3D rendering software to create realistic scenes and enhance visual experiences in games and movies. This trend is expected to persist, driven by the ongoing popularity of video games among adults and children, with two-thirds of adults and three-quarters of children under the age of 18 playing video games at least once a week.
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Artificial Intelligence and Machine Learning Integration: A Key Trend
A key trend shaping the visualization and 3D rendering market is the integration of artificial intelligence (AI) and machine learning (ML) in software applications. The use of AI and ML techniques in visualization and 3D rendering software significantly reduces the effort and time required by users to prepare renders. These advanced technologies also enhance the realism and attractiveness of 3D renders for customers. For instance, Printpal, a US-based machine learning firm, introduced PrintWatch in February 2022, an AI-based defect detection software for use with 3D printers. Leveraging machine learning, PrintWatch monitors 3D print jobs in real-time, detecting defects as they begin to form and taking necessary actions to prevent defective prints, saving time, filament, and reducing the risk of hardware damage.
Regional Dynamics: North America Leads, Asia-Pacific Emerges as a Key Player
In 2022, North America claimed the largest share in the visualization and 3D rendering software market. However, Asia-Pacific is positioned to be the fastest-growing region in the forecast period, reflecting a noteworthy shift in the global market landscape. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities.
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Visualization And 3D Rendering Software Global Market Report 2023 from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Visualization And 3D Rendering Software Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on visualization and 3D rendering software market size, visualization and 3D rendering software market drivers and visualization and 3D rendering software market trends, visualization and 3D rendering software market major players, visualization and 3D rendering software market competitors’ revenues, visualization and 3D rendering software market positioning, and visualization and 3D rendering software market growth across geographies. The visualization and 3D rendering software market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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