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