Computer Graphics Market Evolving Technology, Trends and industry Analysis – 2024

This report on the global computer graphics market provides analysis for the period 2014–2024, wherein 2015 is the base year and the period from 2016 to 2024 is the forecast period. Data for 2014 has been included as historical information. The report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the global computer graphics market growth during the said period. Technologies that are playing a major role in the driving the global computer graphics market have also been covered in the study.

Of the several factors guiding the global computer graphics market towards a brighter future, the leading driver today is the growing use of image processing and 3D animation effects in the media and entertainment industry. Their growing use of 3D animation is prompting a heavier competition between players in order to reduce product costs and increase product quality.

The market is also being augmented by the growth in demand for graphic software across various industries, such as apparel, automotive, healthcare and medical devices, construction, and manufacturing. However, the global computer graphics market is currently being restrained by the constant need for hardware changes due to regular upgrades of the 3D computer graphics software.

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The global computer graphics market is expected to reach a value of US$ 211.60 bn by 2024. The market is projected to expand at a CAGR of 5.5% during the forecast period from 2016 to 2024, and was valued at US$137.46 bn by the end of 2016.

This segment is projected to contribute the leading share of revenue in the computer graphics market, backed by the growth in the film entertainment industry in countries such as China and India. Furthermore, the region is known to be the preferred destination for the outsourcing of large amounts of work from developed countries of North America and Europe, including the U.S, Canada, and the U.K. Additionally, cost competitive hardware component availability and relatively cheap labor are the factors that are driving the growth of computer graphics market in Asia Pacific.

The computer graphics market in North America is expected to witness a significantly healthy growth rate, owing to the presence of a large number of visual effects (VFX) companies, including some of the top rate ones such as Walt Disney Animation Studios, Warner Bros Animation, DreamWorks Animation, and Industrial Light & Magic.

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The report also includes competition landscape which include competition matrix, market share analysis of major players in the global computer graphics market based on their 2015 revenues, profiling of major players (hardware and application software providers). Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are attributed to company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company’s potential to grow. This section also identifies and includes various recent developments carried out by the leading players.

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