3D Rendering Market Growth Drivers, Future opportunities and Forecast by 2026
The 3D Rendering market is estimated to record over USD 9 billion by 2026. Demand for enhanced visualization and animation production is likely to drive new growth opportunities for product developers. Growing industrialization and urbanization along with the application of advanced technologies in industrial production designing may boost the demand for this industry over the coming years.
For the uninitiated, this industry includes modeling, refining and rendering of images. The technology is highly preferred in product design and customization sectors to drive new product development. It is also widely used as a software in architectural visualization and animated movies.
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The 3D rendering software segment is growing rapidly and is estimated to record at a CAGR of more than 20% during the forecast period. Availability of cost-effective and advanced software solutions that offer strong visualization, modeling and animation capabilities will favor segment growth.
Cloud-based 3D rendering software provides accelerated, remote modeling and visualization. Enterprises are preferring pay-per-use business model used in cloud-based software owing to its cost-effectiveness. Increasing partnerships between industry vendors and cloud service providers may fuel new growth strides in software market.
North America is anticipated to contribute substantially towards growth of global market over the forecast period, owing to the presence of numerous 3D rendering market service, software and GPU vendors. Several companies in the region are launching new 3D software suites.
The animation industry is increasingly using market solutions. Estimates suggest that the animation application segment may register at a CAGR of almost 25% over the forecast timeframe. Animation production firms are using the solutions for producing animated movies, video games, illustrations and architecture. Companies are combining these solutions with animation tools to obtain realistically visualized movies or images.
Companies like Trimble Inc., Adobe Inc., Autodesk Inc., and Nvidia Corporation are holding a major share in the 3D rendering market business landscape. These firms are focusing on expanding their market position through new product developments and advanced technological solutions.
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Table of Content
Chapter 5 3D Rendering Market, By Component
5.1 Key trends, by component
5.2 Software
5.2.1 Software market estimate and forecast 2015-2026
5.2.2 On-premise
5.2.2.1 On-premise market estimate and forecast 2015-2026
5.2.3 Cloud
5.2.3.1 Cloud market estimate and forecast 2015-2026
5.3 Services
5.3.1 Service market estimate and forecast 2015-2026
Chapter 6 Market, By Organization Size
6.1 Key trends, by organization size
6.2 Small and Medium Enterprises (SMEs)
6.2.1 SMEs market estimate and forecast 2015-2026
6.3 Large organization
6.3.1 Large enterprises market estimate and forecast 2015-2026
Chapter 7 Market, By Application
7.1 Key trends, by application
7.2 Product, design & modeling
7.2.1 Product, design & modeling market estimate and forecast 2015-2026
7.3 Animation
7.3.1 Animation market estimate and forecast 2015-2026
7.4 Visualization & simulation
7.4.1 Visualization and simulation market estimate and forecast 2015-2026
7.5 Others
7.5.1 Others market estimate and forecast 2015-2026
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