Visualization and 3D Rendering Software Market Analysis Report By Application, By End User, By Deployment And Segment Forecasts From 2020 To 2027

Industry Insights

The global visualization & 3D rendering software market size has generated a revenue of USD 1.6 billion in 2019. It is estimated to witness a 21.41% CAGR from 2020 to 2027. The rising adoption of innovative technology for product design and development is anticipated to trigger the growth of the market. Also, the deployment of user-friendly software interfaces and higher competitive rivalry is expected to contribute towards an increase in the demand for these software solutions.

The rising focus over time and cost management, innovation, and surging demand for realistic media has paved the way towards the adoption of such software by several organizations. Also, the need for obtaining decision-making aids to maximize profit and get real-time feedback is propelling market growth.

These software solutions are majorly used in product modeling, design, and animation for developing technologically advanced products. Also, the need for reducing time consumption and making good marketing and operational decisions is gaining traction among various organizations. Such factors are driving the market growth for visualization and 3D rendering software.

Application Insights

In 2019, the application segment of visualization and simulation held the largest share across the visualization and 3D rendering software market. This can be associated with their feature of permitting enterprises in the management of customer insights. Moreover, stringent competition among the organizations for enhancing visual experience to their customers is projected to trigger market growth.

The animation segment is also anticipated to hold a substantial share over the forecasted period, 2020 to 2027. Several industries like manufacturing, architecture, gaming, filmmaking, and others make use of 3D animation to gain exact information about designs.

End-user Insights

The segment of architecture, engineering, & construction held the largest share across the market in 2019. This can be associated with the surging usage of these solutions for designing, developing, and analyzing the structures. The segment of media and entertainment also accounted for a substantial share owing to the usage of such software for animation, visualization, and simulation purposes.

The healthcare end-user segment is anticipated to register significant growth from 2020 to 2027. This can be associated with the increasing usage of such software aids for educating and training personnel. Moreover, its feature of enhancing the anatomical view that would benefit the diagnoses and surgical planning is estimated to propel the demand for such software.

Deployment Insights

The market can be segmented into cloud and on-premise based on deployment type. The cloud deployment segment held the largest share across the market in 2019. This can be associated with their enhanced features like increased mobility, on-demand resource availability, and high scalability.

The need for time and cost optimization is prevailing across several organizations. Moreover, the adoption of tailored and customized cloud solutions over conventional on-premise deployment by several enterprises is expected to boost the market growth for 3D and visualization software.

Regional Insights

In 2019, North America accounted for the largest share across the market. It is also anticipated to continue its dominance over the forecasted period, 2020 to 2027. This is attributed to the surging presence of key players like Dassault Systèmes, and Autodesk, Inc. across Canada and the U.S.

The rising adoption of 3D rendering and visualization software across this region owing to an increasing network of wireless connectivity is expected to trigger the growth of the market. Also, the rising adoption of technologically advanced solutions across engineering, architectural, media and entertainment, and gaming industries is increasing the popularity of such solutions.

COVID-19 Impact Insight

The global visualization & 3D rendering software market has been affected owing to the COVID-19 pandemic. Lockdown imposition and restrictions over travel have brought economic instability and demand stagnancy across several industrial sectors. Also, suspension and delays in product launches, movie releases, and R&D activities have affected the demand for visualization and suspension software. However, rapid technological advancements being undertaken by the key players to enhance the user experience for online education and entertainment purpose is expected to boost the growth of the market in the upcoming years.

Visualization and 3D Rendering Software Market Share Insights

The global market for visualization & 3D rendering software includes key organizations like Dassault Systèmes; Autodesk, Inc.; Trimble, Inc.; Chaos Software; Luxion, Inc., and Corel Corporation. They are continuously developing advanced and innovative software solutions to gain a competitive advantage over other players.

They are continuously developing cost-effective, user-friendly, and creative solutions for widening their client base. Also, strategies like acquisitions, partnerships, and mergers are being undertaken by prominent players. For example, Autodesk and Microsoft Azure have collaborated for the development of cloud rendering scalable solutions.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends from 2016 to 2027 in each of the sub-segments. For this study, Million Insights has segmented the global visualization & 3D rendering software market based on applications, end-users, deployment, and regions:

• Application Outlook (Revenue, USD Million, 2016 - 2027)
    • Product Design & Modeling
    • Animation
    • Visualization & Simulation
    • Others

• End-user Outlook (Revenue, USD Million, 2016 - 2027)
    • Architecture, Engineering, and construction
    • Gaming
    • Healthcare
    • Manufacturing & Automotive
    • Media & Entertainment
    • Others

• Deployment Outlook (Revenue, USD Million, 2016 - 2027)
    • On-premise
    • Cloud

• Regional Outlook (Revenue, USD Million, 2016 - 2027)
    • North America
        • The U.S.
        • Canada
    • Europe
        • The U.K.
        • Germany
    • The Asia Pacific
        • China
        • Japan
    • Latin America
    • Middle East & Africa