The global visualization & 3D rendering software market accounted to US$1,321 Mn in 2017 and is expected to grow at a CAGR of 20.9% during the forecast period 2018-2025, to account to US$5,978.2 Mn by 2025.
The 3D artists, architects, and designers are continuously putting efforts into building more efficient and visually exquisite buildings. Architectural visualization and 3D rendering aid the architects and designers for working in collaboration and communicating ideas and techniques more efficiently. The engineering and construction industry across the globe is growing rapidly and significant investments are projected to take place in the coming years. The industry is anticipating significant infrastructure spending as novel IoT trends penetrate the market. The increasing infrastructure investment in the Middle East and Asia Pacific region is expected to be opportunistic for Visualization And 3D Rendering Software Market.
With the technological advancements, more and more architects are expected to implement virtual reality into practice. This will enhance the ability of the architects for communicating the project with the builders and clients. Architectural visualization or architectural rendering help in creating 2D and 3D images that depict the attributes of the proposed architectural design. This software enables the designers and architects for evaluating the scales and proportions by deploying intuitive and interactive 3D modeling and simulating the effects of lighting, acoustics, and ventilation in internal environments.
Architectural visualization consists of every process involved right from basic sketches to the renderings and virtual interactive tours. The client is given a clearer pictorial representation of their purchase. The developments in computer graphics and advancements in technology have supplemented the growth of architectural visualization. The development of designing and construction is expensive and any changes in the layout require added expenses. This has steered the need for having an accurate vision of the construction project before its actual initiation. The real estate agents, architects, builders, and interior designers implement architectural visualizations in order to sell their products and services.
The industry is anticipating significant infrastructure spending as novel IoT trends penetrate the market. The software primarily caters to the designing demands of the engineers, architects, owners, contractors and other end-users belonging to the construction industry.
Geographically, the market for visualization & 3D rendering software is categorized based in five strategic regions namely; North America, Europe, Asia Pacific, Middle East & Africa and South America. North America depicts the largest market for visualization and 3D rendering. Growth in the adoption by the architecture firms have created new growth avenues for the market. Further, verticals including film studios, VFX studios, and BIM modeling has witnessed increasing demand for visualization and 3D rendering software in North America. North America is a hub of technological developments that compliances with economically robust countries. Thus the manufacturing industry in North America pertains to evolve and remain the principal factor for driving prosperity, jobs and innovation.
The key industry players operating in visualization and 3D rendering market globally include Solid Iris Technologies, Solid Angle S.L., Chaos Group, Act-3D B.V., Dassault Systems, Autodesk Inc., Otoy, Inc., Nvidia Corporation, Next Limit Technologies, and Christie Digital Systems USA, Inc. among others. Several other participants are also operational in global visualization and 3D rendering market that offer customers with robust products and solutions, thereby catalyzing the demand of visualization and 3D rendering market.
