Visualization and 3D Rendering Software Market: On-Premise Deployment Presently Most Preferred but Cloud-based Deployment Rapidly Gaining Traction
The market presents significant demand for customized solutions. Thus, offering more innovative solutions or introducing higher versions of existing products with added features could help companies to further reinforce their positions or achieve larger share in the overall market. In February 2017, NVIDIA Corporation announced the release of GameWorks DX12, a software that is said to have advanced real-time simulation and rendering technologies. Introduction of such solutions could allow companies in the visualization and 3D rendering market to achieve better returns.
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Transparency Market Research estimates that the global visualization and 3D rendering software market, which was pegged at US$577.4 mn in 2016, will exhibit an excellent CAGR of 24.3% from 2017 and 2025 and rise to a valuation of US$4,068.8 mn by 2025.
In terms of the type of deployment, the on-premise segment presently holds the dominant position in the global visualizations and 3D rendering software market. The segment accounted for a massive 66% of the overall revenue generated from the sales of visualization and 3D rendering software in the global market in 2016. However, owing to the rising popularity and the significant rise in the rate of adoption of the cloud medium for deploying visualization and 3D rendering software, the on-premise deployment segment will suffer a huge blow in its revenue valuation over the forecast period.
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In terms of geography, the global market earns a massive portion of its revenues owing to sales across North America and Europe regions. Collectively, the revenue generated by the market for visualization and 3D rendering software in these regions accounted for a share of over 62% of the global market in 2016. Asia Pacific is also a key regional market for visualization and 3D rendering software products owing to the vast scope of usage in the thriving construction industry in the region. Driving on the back of the vast demand across construction and several other industries, the Asia Pacific market is expected to dominate in terms of rate of growth over the report’s forecast period.
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