Report : South & Central America Visualization & 3D Rendering Software Market Forecast to 2030 - Regional Analysis - by Application (Training Simulation,
At 16.7% CAGR, the South & Central America Visualization & 3D Rendering Software Market is speculated to be worth US$ 386.62 million by 2030, says Business Market Insights
According to Business Market Insights research, the South & Central America visualization & 3D rendering software market was valued at US$ 112.53 million in 2022 and is expected to reach US$ 386.62 million by 2030, registering a CAGR of 16.7% from 2022 to 2030. The surge in demand for gaming and videography and rise in adoption of cloud-based technologies are among the critical factors attributed to the South & Central America visualization & 3D rendering software market expansion.
Cloud computing is transforming modern workplaces across all key industry verticals by offering enhanced security, scalability, and flexibility, thus accelerating the development of innovative solutions and services for enhanced end user experience. Further, cloud solutions have lower operating costs and faster visibility. The continuous advancement in cloud architectures and integration of advanced features in cloud solutions further increases the adoption rate of these solutions among end users.
Moreover, the complexity of installation and high installation and maintenance costs associated with on-premise solutions are propelling organizations to migrate to cloud-based solutions. Thus, scalability, high level of security, operational flexibility, easy deployment, and low cost are the key factors expected to propel the adoption of cloud-based visualization and 3D rendering software among enterprises during the forecast period.
On the contrary, lack of skilled workforce and supporting infrastructure in developing countries hampers the South & Central America visualization & 3D rendering software market.
Based on application, the South & Central America 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 36.4% share of South & Central America visualization & 3D rendering software market in 2022, amassing US$ 41.01 million. It is projected to garner US$ 136.90 million by 2030 to expand at 16.3% CAGR during 2022-2030.
Based on deployment, the South & Central America visualization & 3D rendering software market is segmented into on-premise and cloud. The on-premise segment held 69.4% share of South & Central America visualization & 3D rendering software market in 2022, amassing US$ 78.11 million. It is projected to garner US$ 255.67 million by 2030 to expand at 16.0% CAGR during 2022-2030.
Based on end user, the South & Central America 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 36.4% share of South & Central America visualization & 3D rendering software market in 2022, amassing US$ 41.00 million. It is projected to garner US$ 129.97 million by 2030 to expand at 15.5% CAGR during 2022-2030.
Based on country, the South & Central America visualization & 3D rendering software market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 54.4% share of South & Central America visualization & 3D rendering software market in 2022. It was assessed at US$ 61.20 million in 2022 and is likely to hit US$ 225.74 million by 2030, exhibiting a CAGR of 17.7% during 2022-2030.
Key players operating in the South & Central America visualization & 3D rendering software market are Autodesk Inc, Chaos Group, Christie Digital Systems, Dassault Systemes SE, and NVIDIA Corp, among others.
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