Report : Asia Pacific Visualization & 3D Rendering Software Market Forecast to 2030 - Regional Analysis - by Application (Training Simulation,
At 22.2% CAGR, the Asia Pacific Visualization & 3D Rendering Software Market is speculated to be worth US$ 3,056.98 million by 2030, says Business Market Insights
According to Business Market Insights research, the Asia Pacific visualization & 3D rendering software market was valued at US$ 614.22 million in 2022 and is expected to reach US$ 3,056.98 million by 2030, registering a CAGR of 22.2% from 2022 to 2030. The surge in demand for gaming and videography and proliferation of virtual reality (VR) are among the critical factors attributed to the Asia Pacific visualization & 3D rendering software market expansion.
While the rise in digitalization, increased accessibility, and user-friendliness of newer gaming technologies have driven the gaming industry, 3D modeling has revolutionized it. Games have become more realistic and enticing through 3D technologies. In order to indulge a gamer entirely in the virtual world, the scenes, props, and people should seem realistic. 3D rendering helps in improving graphics. Initially, 3D designing tools were widely used by game developers to develop PC and console games. However, due to the incremental advancement in processing capacities of mobile microprocessors, developers are using 3D designing tools in the mobile gaming industry. Moreover, increasing affordability of smartphones and growing penetration of internet services worldwide have subsequently flourished the mobile gaming industry. Further, the COVID-19 pandemic propelled the gaming industry substantially as gaming giants, such as Electronic Arts and Activision Blizzard, announced higher year-on-year revenues and greater market penetration than ever before.
Film and gaming industries have become dependent on computer-generated images for a realistic experience. Animation and movies are one of the significant applications of 3D designing tools. For long, 3D designing tools have been widely used in animation and movies. However, the growing trend of the sci-fi genre worldwide has resulted in the rising adoption of 3D designing tools. The content creation industry, small production houses, and individual professionals utilize 3D designing tools at a broader level. Meanwhile, the growing deployment of animated advertisement content by small and medium businesses worldwide is also propelling the visualization and 3D rendering software market growth.
On the contrary, lack of skilled workforce and supporting infrastructure in developing countries hampers the Asia Pacific visualization & 3D rendering software market.
Based on application, the Asia Pacific visualization & 3D rendering software market is segmented into training simulation, marketing and advertisement, video games, product visualization, and architectural visualization. The architectural visualization segment held 33.3% share of Asia Pacific visualization & 3D rendering software market in 2022, amassing US$ 204.26 million. It is projected to garner US$ 978.16 million by 2030 to expand at 21.6% CAGR during 2022-2030.
Based on deployment, the Asia Pacific visualization & 3D rendering software market is segmented into on-premise and cloud. The on-premise segment held 65.4% share of Asia Pacific visualization & 3D rendering software market in 2022, amassing US$ 401.79 million. It is projected to garner US$ 1,905.42 million by 2030 to expand at 21.5% CAGR during 2022-2030.
Based on end user, the Asia Pacific visualization & 3D rendering software market is segmented into media and entertainment, architecture and construction, design and engineering, healthcare, and others. The architecture and construction segment held 37.5% share of Asia Pacific visualization & 3D rendering software market in 2022, amassing US$ 230.10 million. It is projected to garner US$ 1,032.56 million by 2030 to expand at 20.6% CAGR during 2022-2030.
Based on country, the Asia Pacific visualization & 3D rendering software market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 33.4% share of Asia Pacific visualization & 3D rendering software market in 2022. It was assessed at US$ 205.27 million in 2022 and is likely to hit US$ 1,187.66 million by 2030, exhibiting a CAGR of 24.5% during 2022-2030.
Key players operating in the Asia Pacific visualization & 3D rendering software market are Act-3D, Chaos Group, Christie Digital Systems, Dassault Systemes SE, NVIDIA Corp, and Thea Render by Altair, among others.
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