Press release
3D Rendering Services Market Expected to Reach USD 174.5 Billion by 2031 | Leading Players such as - Rayvat Rendering, CG Studio, Mapsystems
3D Rendering Services Market
On the contrary, a lack of skilled professionals and security & privacy concerns hamper the market. However, the surge in the implementation of cloud-based 3D rendering services is expected to create lucrative opportunities for the market players.
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Impact of COVID-19 on 3D Rendering Services Market:
• The growth of the 3D rendering services market is expected to decline during the Covid-19 pandemic outbreak. The operational activities related to the construction industry have been banned by government to control the transmission of coronavirus. Therefore the adoption of 3D rendering services in its application sectors such as architects, designers, engineering firms, and real estate companies might be decreased.
• However, the adoption of 3D rendering services is carried out by some companies for the previously approved construction projects during the global lockdown.
As per the report published by Allied Market Research, the global 3D rendering service market accounted for $8.56 billion in 2018, and is projected to reach $61.65 billion by 2026, growing at a CAGR of 28.1% from 2019 to 2026. The report offers a detailed analysis of value chain, market dynamics, top winning strategies, key segments, business performance, and competitive landscape.
Access the full summary at: https://www.alliedmarketresearch.com/3d-rendering-services-market
The global 3D rendering service market is segmented on the basis of service type, end user, project type, and geography. Based on service type, the market is divided into interior visualization, exterior visualization, modeling services, walkthrough & animation, and floor plan.
Based on end user, the market is categorized into architects, designers, engineering firms, and real estate companies. The designer segment is projected to portray the highest CAGR of 39.0% during the study period. However, the architects segment held the largest share in 2018, accounting for more than one-fifth of the market.
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On the basis of project type, the market is divided into commercial project and residential projects. The commercial segment dominated the market in 2018, contributing to more than two-thirds of the market. However, the residential segment is projected to manifest the fastest CAGR of 29.1% during the forecast period.
The global 3D rendering service market is analyzed across several regions such as North America, Asia-Pacific, Europe, and LAMEA. The market across the Asia-Pacific region is projected to portray the highest CAGR of 30.1% during the study period. However, the market across North America held the largest share in 2018, contributing to nearly two-fifths of the market.
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The global 3D rendering service market report includes an in-depth analysis of the major market players such as RealSpace Vision Communication Inc., Professional 3D Services, Flatworld Solutions Pvt. Ltd., Rayvat Rendering, CG Studio, Mapsystems, 3D Animation Services, WinBizSolutions, XpressRendering, and Tesla Outsourcing Services.
Key Benefits for 3D Rendering Services Market:
• The study provides an in-depth analysis of the global 3D Rendering Services market forecast along with the current & future trends to elucidate the imminent investment pockets.
• Information about key drivers, restrains, and opportunities and their impact analysis on the global 3D Rendering Services market size is provided in the report.
• Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
• The quantitative analysis of the market industry for the period 2018-2026 is provided to determine the market potential.
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