Computer Graphics Market: APAC to Shine in terms of Demand for Computer Graphics Tools

Of the several factors guiding the global computer graphics market towards a brighter future, the leading driver today is the growing use of image processing and 3D animation effects in the media and entertainment industry. Their growing use of 3D animation is prompting a heavier competition between players in order to reduce product costs and increase product quality. The market is also being augmented by the growth in demand for graphic software across various industries, such as apparel, automotive, healthcare and medical devices, construction, and manufacturing. However, the global computer graphics market is currently being restrained by the constant need for hardware changes due to regular upgrades of the 3D computer graphics software.

The global computer graphics market is expected to reach a value of US$ 211.60 bn by 2024. The market is projected to expand at a CAGR of 5.5% during the forecast period from 2016 to 2024, and was valued at US$137.46 bn by the end of 2016.

Obtain Report Details @
http://www.transparencymarketresearch.com/computer-graphics-market.html

The global computer graphics market, by geography, has been segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Asia Pacific is expected to witness a relatively faster adoption rate of computer graphics than other regions and hence show a faster growth rate as compared to other regions. Within Asia Pacific, the applications of computer graphics were extremely high in the entertainment segment. This segment is projected to contribute the leading share of revenue in the computer graphics market, backed by the growth in the film entertainment industry in countries such as China and India. Furthermore, the region is known to be the preferred destination for the outsourcing of large amounts of work from developed countries of North America and Europe, including the U.S, Canada, and the U.K. Additionally, cost competitive hardware component availability and relatively cheap labor are the factors that are driving the growth of computer graphics market in Asia Pacific.

The computer graphics market in North America is expected to witness a significantly healthy growth rate, owing to the presence of a large number of visual effects (VFX) companies, including some of the top rate ones such as Walt Disney Animation Studios, Warner Bros Animation, DreamWorks Animation, and Industrial Light & Magic. The region is also a hub for computer graphics hardware component and application software providers such as Autodesk Inc., Adobe Systems Inc., Microsoft Corporation, and Siemens PLM Software. Furthermore, the U.S. is a primary production location for a large number of film entertainment companies.

Access PDF Brochure at
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2740

On the basis of components, the global computer graphics market is segmented into hardware and application software. The hardware segment includes all critical hardware needed to support various computer graphics application software, tools, and technologies. Examples include Graphic Processing Units (GPU), motion capturing systems, graphic cards, workstations processors, specialized RAM and storage, game consoles, and portable devices including 3D scanners. The hardware component is estimated to contribute major share in the global computer graphics market, this is owing to high costs associated with various critical components.

On the basis of application, the global computer graphics market is segmented into CAD, image processing, user interface, entertainment (3D/animation/visual effects (VFX), and education graphics. The entertainment application segment is anticipated to contribute the leading share in the global computer graphics market over the coming years. The entertainment industry includes computer-generated imagery using 3D modeling and rendering to produce three dimensional models for analytics, and visual effects, all of which are currently highly sought-after applications.

The key players listed in the global computer graphics market to date, include Advanced Micro Devices (AMD), Inc., ARM Ltd., Intel Corporation, Imagination Technologies Limited, Nvidia Corporation, Sony Corporation, Adobe Systems Ltd., Siemens PLM Software, Autodesk Inc., Microsoft Corporation and Dassault Systèmes SA. Other players include Matrox, Mentor Graphics, Inc. and 3D PLM-related software providers including, PTC, SAP PLM, and Oracle PLM.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.