3D Rendering Market to Surpass USD 6 Bn by 2025

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wisepowder

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The 3D rendering market is poised to rise from $1.5 billion in 2018 to over $6 billion by 2025, according to a 2019 Global Market Insights,
Inc. report. The rising demand for real-time rendering is propelling the
market growth.To get more news about design rendering services, you can
visit https://www.madpainter.net official website.
Over the past decade, a significant advancement in 3D technology has
been witnessed. Several developments in interactive graphics software,
especially in the gaming industry have been noted. The growing demand
among organizations to reduce the cost of production and to enhance
productivity has further encouraged advancements in technology. However,
as technology advances and organizations move toward digitalization,
the complexity of the business process also rises. Therefore, to address
these challenges, organizations are looking for more sophisticated,
faster, and real-time solutions. This is augmenting the demand for 3D
rendering market among organizations.
The cloud 3D rendering market will grow at a CAGR of 24% over the forecast period. The growth of the market is attributed to several
benefits offered by cloud rendering over on-premise solutions such as
cost, flexibility, and scalability. Moreover, the pay-per-use model
provided by cloud rendering solution providers also augments the demand
for cloud 3D rendering. Cloud 3D rendering utilizes virtual
high-performing computers to create photorealistic and high-resolution
images from the model in a fraction of time from any computer. This
provides accessibility to designers from anywhere at any time.
Enterprises are deploying cloud 3D rendering software to improve their
design visualization, reduce rendering time, and facilitate
communication.
Product design & modeling segment in 3D rendering market will attain an annual growth rate of more than 23% over the forecast period.
3D rendering is extensively used by organizations for product designing
and modeling as it enables them to create stunning visuals in
advertisements, thus showing the product's features and capabilities. 3D
rendering is gaining traction for product marketing campaigns as 3D
models are animated to show the features of the product or used in
interactive applications.
The healthcare 3D rendering market will grow at a CAGR of 25% over the
forecast period. The healthcare sector is observing a heavy adoption of
advanced technologies, such as virtual reality, and 3D medical
animations, to create personalized 3D printed medical devices and
patient-specific surgical simulation. By gathering 3D imaging data from
patients and integrating it with virtual rendering technologies, doctors
and medical practitioners can pre-plan the best approaches to surgical
interventions.
The Asia Pacific 3D rendering market is projected to grow at a CAGR of more than 24% over the forecast period. The market is driven by
increasing urbanization and industrialization in emerging economies.
Moreover, the profound growth of the automotive industry has resulted in
the adoption of 3D visualization & rendering services to save time
and cost associated with the manufacturing of a vehicle's parts. 3D
product modeling has gained traction in the Asia automobile industry as
it helps to minimize the development of time associated with finished
vehicles and enables designers to develop a picture of the product and
test it thoroughly before it is built.
Some of the prominent vendors in the 3D rendering market are Adobe, Autodesk, Dassault Systems, NVIDIA, Trimble, Chaos Software, Coral
Corporation, Foundry Visionmongers, Pixologic, Christie Digital Systems,
Blender, Next Limit Technologies, Keyshot, XR3D Studios, SideFX,
Act-3D, BluEntCAD, Easy Render, MAP Systems, Maxon, Tesla Outsourcing
Services, Unity Technologies, V Render, and Xpress Rendering.
Posted 17 Sep 2020

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