According to the new research report on “Visualization and 3D Rendering Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 7,433.6 million by 2028, registering a CAGR of 18.2% from 2021 to 2028.
The visualization and 3D rendering software market in North America is segmented into Canada, the US, and Mexico. Of these, the US and Canada are the developed countries with significant acceptance of modern technologies, a high standard of living, and advanced infrastructure. Moreover, the region is the home of the world’s largest media & entrainment sector, which is harnessing the latest designing and animation tools for producing enhanced graphical content. Most of the fortune 500 companies in the world, including extensive designing and R&D centers, have presence in the region.
Manufacturing companies invest ample amounts in designing tools, such as visualization and 3D rendering tools, to deliver competitive products in the visualization and 3D rendering software market. Further, the presence of a vast manufacturing sector subsequently complements the logistics industry in North America. With a focus on the optimization of resources, logistics industries are now actively investing in advanced technologies, including visualization and 3D rendering tools, for maximizing the use of their warehouse facilities. Healthcare, infrastructure, and construction are among the major sectors in the region. Designers and engineers are utilizing visualization and 3D rendering in planning and construction operations. Also, the high emphasis on the maintenance of transport and public infrastructure is among the other factors propelling the visualization and 3D rendering software market growth.
Key Players Influencing the Market
- Autodesk, Inc.
- Christie Digital Systems USA, Inc.
- Luxion Inc.
Key Findings of Study:
Construction is considered one of the key contributions to the country’s socio-economic development. The developing economies worldwide, such as Ethiopia, India, China, Brazil, Vietnam, South Korea, Tanzania, and Myanmar, are experiencing a high rise in their respective construction sectors due to the surge in the number of new households and other commercial construction. According to the Haver Analytics/Oxford Economics, Contribution to Global Construction Growth Outlook 2020–2030, China and India are the key countries with booming residential construction activities. Also, the basic infrastructure of these economies is at an increasing pace. For instance, Asia Pacific and SAM comprise several developing economies, attracting a lot of FDIs in their infrastructural development.
Further, the government initiatives to support the growth in the construction industry are among other factors fueling the demand for visualization and 3D rendering software. For instance, in September 2021, the Egyptian Government announced its support for constructing 37 new smart city projects. In February 2021, the South Korean Government announced that the building regulations are expected to be relaxed in urban areas to support redevelopment projects and increase the number of new houses (up to 836,000) across the nation. These developments are likely to further lead to their infrastructural development.
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Answers that the report acknowledges:
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