At 20.8% CAGR, the Europe Visualization & 3D Rendering Software Market is projected to be worth US$ 3,693.37 million by 2030, says Business Market Insights

According to Business Market Insights research, the Europe visualization & 3D rendering software market was valued at US$ 816.08 million in 2022 and is expected to reach US$ 3,693.37 million by 2030, registering a CAGR of 20.8% 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 Europe visualization & 3D rendering software market expansion.

Virtual reality (VR) is gaining significant traction globally. The use of VR in the production and design of 3D animation has significantly increased the interactivity of 3D animation. VR technologies have developed considerably due to advancements in computer technology and societal requirements. The introduction of virtual reality might enhance the global 3D animation software industry. On the other hand, increased interest in viewing animated movies in virtual reality is expected to set the tone for the markets lucrative expansion. Furthermore, the adoption of VR technology is growing in various industries such as gaming, advertising, and home entertainment. Animators are using VR technology to produce similar effects. Players in the 3D animation market are seeing a rise in demand for 3D visualization due to increased work on more complicated animations and creating more engaging virtual environments. Both visual effects and virtual reality are primarily concerned with developing a new environment that may astonish spectators. The increased popularity of VR in entertainment is expected to provide opportunities for visualization and 3D rendering software market growth.

Studios are increasing their tools for creating virtual production-a significant VR asset-using real-time graphics, motion capture, facial capture, and camera tracking techniques. VR is increasingly becoming important to most visual effects firms. For instance, Framestore Studios collaborated with HBO to launch "Ascend the Wall", a VR project based on the TV show "Game of Thrones." As virtual reality technology advances, more user-friendly interfaces are expected in the near future. Their applications are likely to become more common and be of higher quality. VR and other extended reality (XR) technologies are expected to undoubtedly make significant advances in animation during the next couple of years. Thus, the emergence of virtual reality technology opens new prospects in the 3D animation business.

On the contrary, lack of skilled workforce and supporting infrastructure in developing countries hampers the Europe visualization & 3D rendering software market.

Based on application, the Europe 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 31.9% share of Europe visualization & 3D rendering software market in 2022, amassing US$ 260.40 million. It is projected to garner US$ 1,115.98 million by 2030 to expand at 20.0% CAGR during 2022-2030.

Based on deployment, the Europe visualization & 3D rendering software market is segmented into on-premise and cloud. The on-premise segment held 68.6% share of Europe visualization & 3D rendering software market in 2022, amassing US$ 559.46 million. It is projected to garner US$ 2,412.81 million by 2030 to expand at 20.0% CAGR during 2022-2030.

Based on end user, the Europe 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 39.2% share of Europe visualization & 3D rendering software market in 2022, amassing US$ 320.26 million. It is projected to garner US$ 1,325.89 million by 2030 to expand at 19.4% CAGR during 2022-2030.

Based on country, the Europe visualization & 3D rendering software market has been categorized into France, Germany, the UK, Italy, Spain, and the Rest of Europe. Our regional analysis states that the UK captured 31.2% share of Europe visualization & 3D rendering software market in 2022. It was assessed at US$ 254.94 million in 2022 and is likely to hit US$ 1,200.78 million by 2030, exhibiting a CAGR of 21.4% during 2022-2030.

Key players operating in the Europe visualization & 3D rendering software market are Act-3D, Autodesk Inc, Chaos Group, Christie Digital Systems, Dassault Systemes SE, Luxion Inc., Next Limit, NVIDIA Corp, and Thea Render by Altair, among others.

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