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3D Rendering and Visualization Software Market by 2023 ( CAGR of 21.7% Expected) Key players profiled 3D Virtualization, Act-3D B.V., Autodesk, Inc., Embodee Corp., Otoy Inc., Luxion Inc., SAP SE, Siemens AG, Sphere 3D, and Webmax Technologies

01-29-2019 07:01 PM CET | IT, New Media & Software

Press release from: Allied Market Research

3D Rendering and Visualization Software Market by 2023 ( CAGR

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 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.

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.

North America visualization & 3D rendering software market was dominant in 2016, owing to the growth in demand for advanced 3D imaging and increase in adoption of visualization & 3D rendering software. Global players focus on innovating 3D modeling software solution in architecture sector to strengthen their product offering.

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For instance, in March 2015, Siemens AG developed an enhanced version of visualization & 3D rendering software algorithm for healthcare application. This strategic move is expected to expand the companys presence in visualization & 3D rendering software market. In addition, industry participants focus on improving their visualization & 3D rendering software to ensure competence and effectiveness of the visualization & 3D rendering software solution across other emerging markets such as Latin America, Middle East, and Africa.

The increase in demand for automated virtualization solution and surge in ICT expenditure are 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.

The key players profiled in the study are

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

All these players are involved in the competitive strategies, such as geographical expansion, mergers & acquisitions, product portfolio expansion, and partnership to augment the visualization & 3D rendering software market growth.

Similar Report:

Crowd Analytics Market: lobal Opportunity Analysis and Industry Forecast, 2017-2023@ https://www.alliedmarketresearch.com/crowd-analytics-market

About Us:

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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