Rising demand for virtualized and real-time experience in design and planning along with demand for real-time rendering is driving market growth
PORTLAND, OREGON, USA, Aug 23, 2021 /EINPresswire.com/ – The growing need for virtualized and real-time experience in design and planning, along with the growing demand for real-time rendering and capabilities decision-making process in the global market for 3D rendering services. However, the lack of qualified professionals and the security and privacy concerns are hampering the growth of the market. On the other hand, the rise in the implementation of cloud-based 3D rendering services offers many opportunities in the years to come. According to the report, the global 3D rendering services market generated $ 8.56 billion in 2018 and is expected to generate $ 61.65 billion by 2026, registering a CAGR of 28.1% from 2019 to 2026.
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The residential segment is expected to grow at the highest CAGR of 29.1% from 2019 to 2026. This is attributed to the increase in real-time rendering to acquire photorealistic building results and the increase in demand for images. 3D quality. However, the commercial segment held the largest market share in 2018, accounting for over two-thirds of the global 3D rendering services market, and is expected to maintain its leading status during the forecast period.
The architects segment contributed the highest market share in 2018, contributing over a fifth of the global 3D rendering services market, and is expected to maintain its dominance by 2026. This is attributed to many applications such as the 3D architectural visualization which was used by architects to visualize the architectural structure before its construction in the real world. However, the designer segment is expected to register the fastest CAGR of 39.0% during the forecast period, owing to the adoption of cloud-based 3D rendering design services across the world.
North America accounted for the major market share, accounting for nearly two-fifths of the total market share of the global 3D rendering services market in 2018, and is expected to maintain its highest contribution during the forecast period. This is attributed to the increase in construction of residential projects and government initiatives supporting projects in this region. However, the Asia-Pacific region is expected to grow at a CAGR of 30.1% from 2019 to 2026. This is due to rapid urbanization and industrialization in emerging countries such as India and China.
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The main players in the market
• RealSpace Vision Communication Inc.
• Cartographic systems
• Professional 3D services
• 3D animation services
• Flatworld Solutions Pvt. Ltd.
• WinBiz solutions
• Rayvat rendering
• Tesla outsourcing services
• Computer graphics studio
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