3D Rendering Market 2030: Top Vendors Analysis, Growth Drivers and Geographical Analysis

 

As per a recent research report, Global 3D Rendering Market share is likely to surpass USD 20 billion valuation by 2030.

Planning and infrastructure have become crucial aspects in the development of smart cities. Infrastructure companies, in turn, are turning toward 3D modeling to design virtual cityscapes, develop scenarios, and understand consequences. Some of the cities at the forefront of this concept include Boston, London, Helsinki, and Singapore.

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Three-dimensional city models offer realistic renderings of current buildings from the inside as well as the outside. These models also provide transportation infrastructure and the availability of green space along with proposed projects. Furthermore, 3D rendering makes it easier to visualize the environmental impact of a structure on an area.

Apart from planning, these models help in analyzing the emergency response and situational awareness. With such benefits associated with 3D rendering technology, the market is expected to register commendable growth over the forecast period.

 

The 3D rendering market is segmented in terms of component, organization size, application, end-user, and region.

The 3D rendering market from the software component segment is further sub-classified into on-premise and cloud. Of these, the on-premise software sub-segment held a significant market share in 2021. On-premise technologies are gaining increasing preference due to favorable attributes such as security and reliability.

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E-commerce enterprises use 3D models to make their platforms interactive, provide customizations, and offer real-time try-on features. This is further supported by the increase in online shopping since the beginning of the COVID-19 pandemic.

According to estimates from Nasdaq, over 95% of purchases will be performed using e-commerce platforms by 2040. With such growth prospects for the e-commerce sector, the demand for interactive features such as 3D rendering will increase over the years.

In terms of end-users, the market share from the gaming segment is projected to exhibit more than 25% CAGR between 2022-2030, on account of the increased usage of 3D rendering in game development. Real-time rendering software provides the immersive digital experiences necessary for world-building in games.

3D rendering technology also enables an extensive visualization of designs and ideas and makes game development faster, easier, and more affordable. With the growing shift toward game streaming and metaverse, tech companies are integrating 3D rendering technology into their game development projects.

For instance, in October 2021, Tripolygon collaborated with Unity to become a Unity-verified solutions partner, to allow metaverse creators to develop their personalized 3D assets using Unity plugins. Collaborative efforts these, along with the accelerating growth of the gaming industry, are likely to bolster the 3D rendering market growth from the gaming end-use segment.

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