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Computer Graphics Market To Be Sustained By Technological Advancements During 2020 - 2030

06-09-2022 10:25 AM CET | IT, New Media & Software

Press release from: Transparency Market Research

Computer Graphics Market To Be Sustained By Technological

According to a new market report pertaining to the global computer graphics market published by Transparency Market Research the global computer graphics market is projected to reach a value of US$ 308.61 Bn by 2030.

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The computer graphics market is projected to expand at a CAGR of 6.2% from 2020 to 2030. Expansion of the computer graphics market can be attributed to the growing use of image processing and 3D animation effects in the media and entertainment industry and the growing demand for graphic software across various industries. North America is anticipated to lead the global computer graphics market in terms of revenue, followed by the Asia Pacific, during the forecast period.

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Online games have become easily accessible and are gaining traction, with the ubiquity of smartphones and tablets. This has brought a large number of free-to-play game models and in turn generated opportunities in the computer graphics market. Additionally, smaller game developers are grouping up with bigger entertainment companies to break into the gaming market by adding to the total number of games. The popularity of e-sports and Game as a Service, which functions using 3D animation and image processing technology, has grown to a great extent, thereby increasing the global number of online game players and providing new opportunities in the computer graphics software market to develop new games.

Computer Graphics Market: Market Taxonomy

The global computer graphics market has been segmented based on components, applications, and regions. In terms of components, the computer graphics market is segmented into hardware and application software. Based on application, the computer graphics market is segmented into CAD, image processing, entertainment, user interfaces, and others (education graphics, etc.).

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Computer Graphics Market: Regional Outlook

The global computer graphics market, by region, has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America. As compared to other regions, the computer graphics market in North America is expected to witness significantly healthy growth, with a rate relatively closer to that of the Asia Pacific region. In North America, the U.S. and Canada are anticipated to drive the growth of the computer graphics market. This is due to the presence of a large number of visual effects (VFX) companies, which includes some of the top VFX companies based out of the region such as Walt Disney Animation Studios, Warner Bros Animation, DreamWorks Animation, and Industrial Light & Magic. The region is also a center of computer graphics hardware components and application software providers including Autodesk Inc., Adobe Systems Inc., Microsoft Corporation, Siemens PLM Software, and many others. Furthermore, U.S. states are primary production locations for a large number of film entertainment work. Additionally, government support for film entertainment with various programs designed to attract film production has resulted in the significant growth of the computer graphics market in the region.

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The report provides an in-depth segment analysis of the global computer graphics market, thereby providing valuable insights at the macro as well as micro levels. Analysis of major countries which offer considerable opportunities or account for a significant share has also been included as part of the geographic analysis of the computer graphics market.

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About Transparency Market Research:

Transparency Market Research is a Global Market Research Report company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Transparency Market Research Inc.
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