The global 3D rendering services market size was valued $1.06 billion in 2017 and it is expected to reach $2.92 billion by the end of 2022 growing at a Compound Annual Growth Rate (CAGR) of 22.40% during the forecast period of 2018 to 2022.
3D rendering services are used to develop and process a 3D model into 3D photo-realistic image. It is used by architect in media, building, entertainment, design, construction, healthcare, academia, and other industries.
Rise in demand for customized products, increasing application of 3D rendering in product marketing, outsourcing of 3D rendering services, rise in adoption of 3D rendering in real estate and construction sector, and increasing demand for real time rendering are some major factor driving the growth of the global 3D rendering services market. Product visual enhanced with the use of 3D rendering services, thereby attack a large number of end user and hence boosting the growth of the global 3D rendering services market. High hardware cost and threat of software piracy are key challenges faced by the global 3D rendering services market. However, lack of skilled professionals, and lack of infrastructure is still a major hinderance in the growth of the global 3D rendering services market. Whereas, implementation of the smart city by government and increasing use of Building Information Modelling (BIM) technology is expected to bring lucrative opportunities for the global 3D rendering services market to grow during the forecast period.
The global 3D rendering services market is studied among North America, Europe, Latin America, Asia-Pacific, Middle East and Africa. Among which, North America dominated the global 3D rendering services market in 2018 with 38% of market share and it is expected to hold the largest market share during the forecast period. This is attributed to the increase in the uptake of construction and real sector projects, rapid growing media and entertainment industry, adoption of advanced technology platforms and rise in demand for 3D rendering solutions in this region. On the other hand, Europe hold 30% of market share in the global 3D rendering services market in 2018 owing to rise in demand for 3D rendering technology in this region.
Christie Digital System, a manufacturer of DLP projectors and digital cinema devices. It was founded in 1929. Its headquarters is in Cypress, California, United States. It offers line array audio solutions, a selection of LCD projectors, collaboration and presentation solutions to its clients.
Luxion, Inc., a developer and manufacture of 3D rendering and lightning technology including Velux Daylighting Visualizer and Key Shots. It was founded in 2003. Its headquarters is in Tustin, United States.
Autodesk, Inc., a player in 3D design, entertainment, and engineering software. It’s an American multinational software corporation founded in 1982. Its headquarters is in San Rafael, California, United States. It offers software services to its clients.
Along with these, Siemens AG, Render Legion S.R.O., Adobe Systems, NewTek, Inc., Dassault Systèmes, The Foundry Visionmongers Ltd., NVIDIA Corporation, Chaos group, Trimble, Inc., SAP SE, Next Limit Technologies and Corel Corporation are some major players included in research study of the global 3D rendering services market.
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