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3D Rendering Software Market Upcoming Trends, Statistics and Forecast - 2023

11-01-2018 08:03 PM CET | IT, New Media & Software

Press release from: Allied Market Research

3D Rendering Software Market Upcoming Trends, Statistics

The global visualization & 3D rendering software market was valued at $747 million in 2016, and is projected to reach $2,904 million by 2023, growing at a CAGR of 21.7% from 2017 to 2023. Healthcare sector is expected to witness the highest growth rate during the forecast period, owing to the rise in need of real-time images of anatomy in life-science studies. Moreover, increase in demand for cloud deployment model for low cost of instalment and managed services is anticipated to drive the visualization & 3D rendering software market among end user.

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The construction & real estate market in the end user segment has witnessed high demand in the global visualization & 3D rendering software market in 2016 due to increase in growth of real-estate sector in emerging countries such as India, Brazil, China, and others. In addition, high demand for virtual modeling and building design in real-estate and architecture sectors are expected to fuel the market growth in the near future. Moreover, the healthcare industry has witnessed increased adoption of visualization & 3D rendering software across various regions, owing to increase in need of 3D anatomical models for life science studies and pre-surgical needs.

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The increase in demand for automated virtualization solution and surge in ICT expenditure is anticipated to augment the market penetration. The prominent markets, such as North America, Europe, and Asia-Pacific, provide growth opportunities to the global visualization & 3D rendering software market. Moreover, growth in adoption of low-cost cloud deployment model is anticipated to fuel the visualization & 3D rendering software market growth in the near future.

North America was the highest revenue contributor in 2016, accounting for around 38.0% share of the overall market. In addition, Europe is projected to grow at the highest CAGR of 22.7% during the forecast period, driven by growth in investment media & entertainment and healthcare industry.

Dominating Market Players Profiled

•Act-3D B.V.
•Autodesk Inc.
•Embodee Corp.
•Otoy Inc.
•Luxion Inc.
•SAP SE
•Siemens AG
•Sphere 3D
•Webmax Technologies

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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