DUBLIN--(BUSINESS WIRE)--The "Visualization and 3D Rendering Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application, Deployment and End User" report has been added to ResearchAndMarkets.com's offering.
Visualization and 3D Rendering Software Market is expected to reach US$ 7,433.6 million by 2028, registering a CAGR of 18.2% from 2021 to 2028.
The visualization and 3D rendering software market in North America is segmented into Canada, the US, and Mexico. Of these, the US and Canada are the developed countries with significant acceptance of modern technologies, a high standard of living, and advanced infrastructure. Moreover, the region is the home of the world's largest media & entrainment sector, which is harnessing the latest designing and animation tools for producing enhanced graphical content.
Most of the fortune 500 companies in the world, including extensive designing and R&D centers, have presence in the region. Manufacturing companies invest ample amounts in designing tools, such as visualization and 3D rendering tools, to deliver competitive products in the visualization and 3D rendering software market.
Further, the presence of a vast manufacturing sector subsequently complements the logistics industry in North America. With a focus on the optimization of resources, logistics industries are now actively investing in advanced technologies, including visualization and 3D rendering tools, for maximizing the use of their warehouse facilities.
Healthcare, infrastructure, and construction are among the major sectors in the region. Designers and engineers are utilizing visualization and 3D rendering in planning and construction operations. Also, the high emphasis on the maintenance of transport and public infrastructure is among the other factors propelling the visualization and 3D rendering software market growth.
The US is the major visualization and 3D rendering software market for visualization and 3D rendering tools as the country is known for the early adopter of advance technologies. The presence of largest movie & entrainment industry coupled with high emphasis on the use of various advance designing tools across several industry verticals is fueling the growth of the visualization and 3D rendering software market.
Investments for modernizing the country's aging infrastructure along with the rapidly increasing population propelling high demand for housing construction in the US. Thus, the visualization and 3D rendering software market for is expected to grow in the US. Also, the residential construction of the US is experiencing a high growth attributed to the increased demand for more apartments.
This will further result in rise in the construction sector thus, influencing the visualization and 3D rendering software market growth. Moreover, the presence of headquarters of market players such as Autodesk, Inc.; Christie Digital Systems USA, Inc.; Luxion Inc.; and others is among other factor driving the growth of the visualization and 3D rendering software market.
With the increasing adoption of smart devices, digital signage, and the internet, the use of visualization and 3D rendering content for marketing and advertisement is remarkably high in North American countries. These advanced designing tools are being used for animation, VFX, digital media, and films.
Further, the presence of a huge content creator community and the headquarters of video game giants, such as Electronic Arts; Activision Blizzard; and Rockstar Games, Inc., in the region is contributing to the adoption of visualization and 3D rendering tools in North America. NTi Audio AG, Sennheiser, and Televic Conference Group, and others, is supporting visualization and 3D rendering software market growth substantially.
Key Industry Dynamics
Market Drivers
- Increase in Need for Faster and Efficient Solutions
- Surge in Demand for Gaming and Videography
- Rise in Construction and Infrastructure Developments
Market Restraints
- Lack of Skilled Workforce and Supporting Infrastructure in Developing Countries
Market Opportunities
- Proliferation of Virtual Reality (VR)
- Rapid Expansion in Manufacturing Industry and Need for Prototyping
Future Trends
- Emergence of Factory Automation
- Emerging Cloud-based Technologies
Company Profiles
- Autodesk, Inc.
- Christie Digital Systems USA, Inc.
- Dassault Systemes
- Nvidia Corporation
- Chaos Group
- Luxion Inc.
- Otoy Inc.
- Next Limit
- Act-3D (Lumion)
- Thea Render (Altair)
For more information about this report visit https://www.researchandmarkets.com/r/js9sma
