DUBLIN--(BUSINESS WIRE )--The "Visualization and 3D Rendering Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global visualization and 3D rendering software market reached a value of US$ 2.14 billion in 2021. Looking forward, the market is projected to reach US$ 6.87 billion by 2027, exhibiting a CAGR of 20.9% during 2022-2027.
Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.
Visualization and 3D rendering refers to the process of creating and generating images based on three-dimensional (3D) data. This software is widely used to create displays and graphical interfaces for software and applications and convert 3D models, 2D images and videos.
The visualization and rendering equipment is commonly available in stand-alone and plug-in variants. They offer real-time insights, improved processing, a user-friendly renderer interface and enhanced cost-effectiveness. The rendering software is widely used for architectural and product animation, visualization, design, high-end video game development, training simulation, marketing and advertising. As a result, it finds extensive applications across various industries, such as construction, media and entertainment and healthcare.
The rising demand for virtual modeling and building design solutions is one of the key factors driving the growth of the market. With the increasing development of smart cities and escalating demand for efficient architectural planning solutions, organizations are widely adopting visualization and 3D rendering solutions to stimulate construction plans, transportation systems and utility networks.
In line with this, 3D modeling also assists in visualizing the interior and exterior features of upcoming construction projects, which is also creating a positive outlook for the market. Moreover, various technological advancements, such as the integration of artificial intelligence (AI) solutions with the rendering and visualization software, are providing a thrust to the market growth.
Additionally, the increasing demand for real-time rendering solutions with advanced editing capabilities is favoring the market growth. They enable the users to make prompt adjustments to the designs and automatically adjust the lights and material textures. Other factors, including the development of user-friendly rendering software with effective tools, plug-ins and add-ons, along with the increasing demand for high-level gaming and videography platforms, are anticipated to drive the market toward growth.
Key Questions Answered in This Report
5 Global Visualization and 3D Rendering Software Market
6 Market Breakup by Product Type
7 Market Breakup by Deployment Mode
9 Market Breakup by End Use Industry
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900