3D Rendering Market to achieve considerable growth in 2025, APAC to remain a dominant growth avenue
Sellbyville, United States - August 22, 2019 /MarketersMedia/ —
3D Rendering Market in the cloud rendering software segment will attain an annual growth rate of more than 24% over the projected timeline. The cost-effective nature of 3D rendering as a service along with flexibility and scalability offered by the cloud model is augmenting its demand in the market. On the other hand, the service market will grow at a CAGR of more than 27% over the forecast period. The growing trend of outsourcing 3D rendering requirement among SMEs is the primary factor driving the 3D rendering market growth.
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Large enterprises account for over 60% share in the 3D rendering market. Large enterprises have dedicated department and resources to fulfill their 3D rendering requirement. These players use 3D rendering software to design, develop, and manufacture prototypes and models of the products. Moreover, large enterprises have a relatively higher budget for marketing and advertisement campaigns. This encourages the use of 3D rendering among players to develop high-quality 3D visuals and models of the products.
The growing demand for real-time rendering solution also acts as a major driver for the 3D rendering market. As the competition among the market players is rising and the market dynamics are changing, the software developers are shifting to more customer-centric products and advanced technologies to provide better customer experience. Therefore, the organizations are focusing on real-time rendering solution to provide more fast, flexible and sophisticated solutions to meet customers' requirements.
Product marketing has been revolutionized by the advent of 3D rendering services. Marketers of hardware products have always been placed in a challenging position when it came to communicating functions, value and differentiators of their product. The challenge has been almost insurmountable for startups due to their tight marketing budgets. However, 3D rendering of products has helped in greater engagement of consumers on limited marketing expenditure. 3D rendering market is expected to record 23% CAGR over 2019-2025 from product design & modeling segment.
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North America is dominating the regional landscape with more than 35% share in the 3D rendering market. The early adoption of the technology in the region is the primary factor supporting the growth of the market. Moreover, the presence of the leading software developers in the region, such as Adobe, Autodesk, and NVIDIA, also foster market growth.
On the other hand, Asia Pacific 3D rendering market is estimated to grow at a CAGR of 24% over the forecast period. The rapid industrialization & urbanization in the region acts as the primary factor accelerating the adoption of 3D rendering solutions. Furthermore, the growing automotive and manufacturing sector in the region also promotes the growth of the 3D rendering market.
Table Of Content For This Research Report:
Chapter 6. Global 3D Rendering Market, By Organization Size
6.1. Key trends, by organization size
6.2. Large enterprise
6.2.1. Market estimates and forecast, 2014-2025
6.3. SME
6.3.1. Market estimates and forecast, 2014-2025
Chapter 7. Global 3D Rendering Market, By Application
7.1. Key trends, by application
7.2. Product design & modeling
7.2.1. Market estimates and forecast, 2014-2025
7.3. Animation
7.3.1. Market estimates and forecast, 2014-2025
7.4. Visualization & simulation
7.4.1. Market estimates and forecast, 2014-2025
7.5. Others
7.5.1. Market estimates and forecast, 2014-2025
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