Press release
Artificial Intelligence (AI) Rendering Market Poised for 25.3% Growth, Set to Hit $4.9 Billion by 2029
Artificial Intelligence AI Rendering
The growing popularity of online gaming is expected to accelerate the expansion of the AI rendering market. Online gaming involves playing video games over the internet, either alone or with other players, typically in real-time across various digital platforms. The surge in online gaming is driven by advances in internet connectivity, the development of advanced gaming platforms, and the increasing use of AI to enhance the gaming experience. AI rendering is crucial for improving real-time graphics quality and performance, creating a more immersive and visually appealing experience for gamers. For example, in February 2022, according to the Department of Foreign Affairs and Trade, an Australian government agency, the digital games industry generated $226.5 million in revenue in 2021, marking a 22% increase from 2020. The market is expected to reach $294 billion by 2024. Hence, the growing interest in online gaming is driving the growth of the AI rendering market.
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What growth opportunities are expected to drive the artificial intelligence (ai) rendering market's CAGR through 2034?
The artificial intelligence (AI) rendering market has seen substantial growth in recent years. It is expected to grow from $1.59 billion in 2024 to $2 billion in 2025 at a CAGR of 25.7%. This past growth was attributed to the rise of computer graphics in entertainment, increasing use of AI in image processing, expansion of the entertainment sector, growing demand for realistic visual effects, and advancements in virtual production.
The artificial intelligence (AI) rendering market size is forecasted to grow rapidly in the coming years. By 2029, it is expected to surge to $4.94 billion at a CAGR of 25.3%. This expansion is driven by the growing popularity of online gaming, an increasing demand for visually impressive graphics, greater dependence on advanced rendering software, the rising need for real-time rendering, and a stronger emphasis on consumer engagement. The major trends anticipated in this period include technological advancements, real-time rendering innovations, cloud-based rendering services, AI integration, and the incorporation of augmented reality.
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What are the emerging trends shaping the future of the artificial intelligence (ai) rendering market?
In the AI-powered rendering market, leading companies are focusing on developing advanced technologies like 3D rendering and visualization software to enhance design processes and user experiences. These AI-powered tools generate high-quality, realistic images or animations of objects and environments. For example, in April 2024, Dimension 5 Techs, a Canadian technology company, introduced D5 Render 2.7, a real-time rendering software tailored for architecture. This AI-powered software enhances the workflow for architects and designers, enabling them to create realistic visualizations with ease and efficiency, setting new standards in the architectural visualization industry.
Which growth-oriented segments of the artificial intelligence (ai) rendering market are leading the industry's development?
The artificial intelligence (AI) rendering market covered in this report is segmented -
1) By Offering: Software, Services
2) By Deployment Mode: Cloud-Based, On-Premise
3) By Application: Architecture, Gaming, Visual Effects, Product Design, Advertising, Virtual Reality (VR), Augmented Reality (AR)
4) By End-User: Designers, Architects, Animators, Game Developers, Advertisers
Subsegments:
1) By Software: AI Rendering Software for 2D Graphics, AI Rendering Software for 3D Models, Real-time Rendering Solutions, Image Upscaling and Enhancement Tools, Animation Rendering Software
2) By Services: Consulting Services for AI Rendering Solutions, Custom AI Model Development Services, Integration and Implementation Services, Technical Support and Maintenance Services, Training and Education Services
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What regions are leading the charge in the artificial intelligence (ai) rendering market?
Asia-Pacific was the largest region in the artificial intelligence (AI) rendering market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) rendering market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the artificial intelligence (ai) rendering market?
Major companies operating in the artificial intelligence (AI) rendering market are Intel Corporation, NVIDIA Corporation, Adobe Inc., Autodesk Inc., Unity Technologies, Epic Games Inc., Bentley Systems Incorporated, Pixar Animation Studios, SideFX Software, SketchUp Inc., Chaos Group, Blender Foundation, Daz 3D Inc., Corona Renderer, Renderosity, OTOY Inc., cebas Visual Technology, Artisto, DeepArt, Bunkspeed, Lumion, Anima, Redshift Rendering Technologies
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What Is Covered In The Artificial Intelligence (AI) Rendering Global Market Report?
•Market Size Forecast: Examine the artificial intelligence (ai) rendering market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the artificial intelligence (ai) rendering market for a structured understanding.
•Key Players Overview: Analyze major players in the artificial intelligence (ai) rendering market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the artificial intelligence (ai) rendering market.
•Segment Contributions: Evaluate how different segments drive overall growth in the artificial intelligence (ai) rendering market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the artificial intelligence (ai) rendering market.
•Industry Challenges: Identify potential risks and obstacles affecting the artificial intelligence (ai) rendering market.
•Competitive Landscape: Review strategic developments in the artificial intelligence (ai) rendering market, including expansions, agreements, and new product launches.
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