New York, NY, Nov. 19, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Visualization and 3D Rendering Software Market - by Deployment (On-premise and Cloud-based), by Application (Architectural & Product Visualization, High-End Video Games, Marketing & Advertisement, and Training Simulation), and by End-User (Architecture, Building and Construction, Media & Entertainment, Semiconductor, Healthcare, Automotive, and Education Institutes among Other End-users)- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024.’’ According to the report, global demand for visualization and 3D rendering software market was valued at around USD 906 million in 2017 and is expected to reach approximately USD 2,571 million by 2024, growing at a CAGR of above 22.53% between 2018 and 2024.
Visualization and 3D rendering are often considered as the last step involved in any animation procedure. It is implied for developing final appearance to any 3D model along with several visual effects such as shading, mapping, motion blurs, shadows, reflections, and texture. This procedure is a new way of collaborating projects and presenting the designs and concepts to the client. Various 3D visualization software tools such as virtual reality are used in flight simulators, games, and entertainment.
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The tremendously rising demand for 3D rendering in the architectural industry is significantly driving the market demand. 3D architectural rendering can be implemented using a variety of software such as AutoCAD and others. The worldwide interior designing market is substantially growing at a rate of 5.88% and is observed to reach the value of USD 109.06 billion by the year 2019. Furthermore, 3D rendering is highly opted by machine designing for representing components. The demand for visualization and 3D rendering are currently at a high pace in the healthcare industry, especially in dental applications. However, the complicated workflow of complete 3D rendering procedure is hindering the visualization and 3D rendering software market growth to some extent. Moreover, flourishing product prototyping demand globally is anticipated to create surplus opportunities for visualization and 3D rendering software market in the forecast period.
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The visualization and 3D rendering market are segmented based on deployment, application, end-user, and region. On the basis of deployment, the market is classified into on-premise and cloud-based. On-premise visualization and 3D rendering solutions that are installed on user’s computers are observed to hold prominent market share. Visualization and 3D rendering are implemented in numerous applications that are majorly classified into architectural & product visualization, high-end video games, marketing & advertisement, and training simulation. High-end video games segment is anticipated to grow rapidly due to accelerating demand for3D games. Based on the end-user, the market is segmented into architecture, building, and construction, media & entertainment, semiconductor, healthcare, and education institutes among others. Massive utilization of 3D rendering by numerous designers, building information modeling (BIM) modeler, and architects has led architecture, building and construction segment to attain a significant market share. Regionally, the visualization and 3D rendering software market is segmented into five regions North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific is anticipated to grow substantially in the forecast period due to flourishing architectural industry and rising number of players.MEA region has not adopted technically advanced IT hubs and digital content that in turn is anticipated to hinder the visualization and 3D rendering software market growth of this region to some extent in the forecast period.
Adoption of visualization and 3D rendering software is globally emerging and rapid technological developments are implemented by major market players. Prime players of virtualization and 3D rendering software market are Dassault Systèmes, Next Limit Technologies ,Chaos group Autodesk, Inc., Siemens AG,The Foundry Visionmongers Ltd , Adobe Systems, , NVIDIA Corporation, Trimble, Inc. , Corel Corporation,Render Legion S.R.O., SAP SE,Christie Digital Systems NewTek, Inc. , and Luxion, Inc., among others.
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The report segments global visualization and 3D rendering software market as follows:
Visualization and 3D Rendering Software Market: Deployment Segment Analysis
- On-premise
- Cloud-based
Visualization and 3D Rendering Software Market: Application Segment Analysis
- Architectural & Product Visualization
- High-End Video Games
- Marketing & Advertisement
- Training Simulation
Visualization and 3D Rendering Software Market: End-user Segment Analysis
- Architecture, Building, and Construction
- Media & Entertainment
- Semiconductor
- Healthcare
- Education Institutes
- Automotive
- Others
Visualization and 3D Rendering Software Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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