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The objectives of the report are to define, describe, and forecast the visualization and 3D rendering software market size on the basis of application, deployment type, end-user, and region. Based on the application in market, architectural and product visualization have the largest market share in the visualization and 3D rendering application market during the forecast period. The market size is expected to grow as 3D product rendering helps in easy marketing, saves prototyping time and expense, and lets users see physical conditions of the product.
Marketing and advertisement is expected to record the highest market growth rate during the forecast period, as with the help of visualization and rendering technique consumers get to see a realistic picture of how their image or animation is going to turn out. 3D rendering creates an effective marketing tool giving a potential client a full visualization of a space or building; whereas architectural and product visualization is the second fastest growing market during the forecast period.
In the deployment type segment of the visualization and 3D rendering software, the cloud-based solution is expected to grow at the highest CAGR during the forecast period. Enterprises and organizations are relying heavily on the cloud services and cloud platforms to obtain resources on demand. With cloud deployment, organizations pay for the resources that they use, which helps them reduce the cost of capital.
Visualization and 3D rendering software market size to grow from 1.06 Billion in 2017 to USD 2.92 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.40% during the forecast period. Just-in-time marketing and user-friendly renderer interface are some of the driving factors of the visualization and 3D rendering market.
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