3D Rendering Services Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2958
3D Rendering Services Market size is poised to grow substantially over the forecast timeline led by increasing use of 3D rendering software in industries including construction, entertainment, and transportation. The software is used particularly in real estate and construction sectors owing to the growing demand for cost-effective technologies for simulation and visualization of the projects. The 3D rendering software enables developers and designers to gain real-time feedbacks and aids for the decision-making process.
Another factor driving the 3D rendering services market growth is the adoption of software for better resource management while building projects. The software is used mostly by architecture & design organizations to develop a 3D model of the construction site, allowing them to get a detailed description of every element of the project. As the rendering software allows better control over the details of the project reducing time and cost on additional resources, the 3D rendering services market growth is estimated to increase over the forecast period.
The 3D rendering services have been used in a wide range of applications including construction, design, product virtualization, high-end video games, training simulation, and marketing & advertisement. The construction industry is likely to exhibit the fastest growth in the global 3D rendering services market. The market growth is driven by the growing need for a virtualized and real-time experience in designing & planning. It allows architects, designers, and 3D artists to manipulate designs in real-time and gain valuable insights of both the quantitative and qualitative nature of the spaces that they are designing. Moreover, it also acts as a modeling tool for planning consultations and at the same time, enabling designers to gain quick feedback and instantly making the necessary changes.
Product design and modeling services in the 3D rendering software services market are anticipated to gain traction during the forecast timeline. These services are extensively used in the consumer electronics market for marketing and advertisement activities. They allow organizations to create a 3D model of their product, enabling customers to analyze the product virtually. The product design and modeling help in creating stunning visuals for use in advertisements to show the features and capabilities of a product. The enhanced graphics further helps in boosting the product sales. The wide-scale implementation of this software and tools will boost the growth of the 3D rendering services market.
North America is expected to hold a dominant share in the 3D rendering services market in 2024 due to the increased adoption of advanced software and products to deliver construction projects faster. The architects and designers are embracing advanced construction software with analytical capabilities to eliminate the complexities the engineers and designers face while compiling and sharing project information. The advanced technologies offer them with new possibilities to spatially design new projects with regards to the existing urban environment.
The booming construction industry in Asia Pacific, particularly in China and India, will fuel the growth of the 3D rendering services market. According to the International Trade Administration (ITA), China is expected to maintain its position as the world’s largest construction market. The country is estimated to account for a significant share of new global construction until 2020. Such profound growth of the sector in the region will result in the demand for more 3D visualization software in residential & industrial infrastructure projects.
The major companies present in the 3D rendering services market are Autodesk, Siemens, Dassault Systèmes, Adobe Systems, Trimble, NVIDIA, Luxion, Corel Corporation, Next Limit Technologies, NewTek, Cristie Digital Systems, SAP SE, Chaos Group, Solid Iris Technologies, and Lumion. The market players are mainly focusing on mergers and collaborations to enhance their expertise by leveraging the technologies of the other players. This will also fuel the implementation of 3D software in several industries, resulting in the growth of the 3D rendering services market. For instance, in May 2017, Esko integrated its Studio software with 3D real-time rendering application KeyShot from Luxion. The integration of KeyShot with Esko Studio improved the appearance of physical goods and provided the brand owners with high-resolution rendering in a shorter period of time.
In November 2016, Chaos Group partnered with CL3VER to build a 3D visualization and communication platform for the Architecture Engineering & Construction (AEC) and design industries. The platform brought together V-Ray’s visualization capabilities with CL3VER’s intuitive communication tools to enable architects to access compelling visuals on any mobile device or browser. Such strategic efforts taken by the players will boost the growth of the 3D rendering services market.
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