April 4, 2020
Visualization And 3D Rendering Software

Visualization And 3D Rendering Software Market: Asia Pacific will be the fastest-growing region during the forecast period

According to a new market research report issued by Credence Research, “the overall visualization and 3D rendering software market worldwide was valued at US$ 970.5 million in 2018 and is set to grow at a CAGR of 17.3% over the forecast period.” Growing demand for 3D visualization and increasing need for new marketing techniques drive visualization and 3D rendering software market. Visualization and 3D rendering is called processing and developing 3D model into 3D photorealistic image. Wide software adoption in construction, healthcare, academia and other industries helps the market to grow. Low cost, improved visual communication, user-friendly interface, accurate rendering and others are some of the benefits due to which software demand is rapidly increasing. Developing infrastructure in developing countries such as India, China, and other Latin American countries also helps market growth. Consequently, we presume the market will show tremendous growth throughout 2019-2027 forecast period.

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The visualization and 3D rendering software market is segmented into cloud-based and on-premise based on deployment model. On-premise segment was the highest revenue contributor in 2018. On-premise segment was about 60% of the market contributor in the same year. On-premise segment prevailed due to customer preference to use software at their premises. On the other hand, we assume the cloud-based segment will be the fastest growing segment, surpassing the on-premise segment during the forecast period. Lower costs and growing cloud market are the main reasons for segment growth. We therefore expect cloud-based segment to be the fastest-growing segment throughout the forecast period.

In 2018, North America dominates the visualization and 3D rendering software market, followed by Europe and Asia Pacific. North America contributed 36 percent of the same year’s revenue share. Due to early technological adoption and developed country, North America dominated. The presence of major market players and rising demand for advanced 3D visualization are some of North America’s other dominant factors. On the other hand, Asia Pacific will be the fastest growing region in the forecast period due to growing infrastructure development and 3D visualization solutions. China, India, and other developing nations will be key market contributors.

Some of the report’s major companies include Act-3D B.V., Autodesk, Inc., Embodee Corp, Corel Corporation, NewTek, Inc., Trimble, Inc., NVIDIA Corporation, Otoy Inc., Luxion Inc., SAP SE, Siemens AG, Sphere 3D and Webmax Technologies among others.

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About Credence Research:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives.

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