From product design and architecture to blockbuster movies and video games, the visualization and 3-D rendering software market is booming, according to the "Visualization And 3-D Rendering Software Global Market Report 2022" from ResearchAndMarkets.com. The market is expected to reach nearly $3 billion in 2022, growing at a massive compound annual growth rate (CAGR) of 25.2%, and by 2026, that rate could stay close to 23%, bringing it to $6.75 billion by 2026.
North American companies such as Nvidia, Adobe, Chaos Software, and others represented the largest region in the visualization and 3-D rendering software market in 2021. But the new report takes a broader view, looking at Europe, South America, the Asia-Pacific, the Middle East, and Africa, as well. German companies SAP SE and Siemens AG are also already major players in the industry.
The market’s growth is largely driven by the ever-expanding demand for gaming and videography. However, the usage of visualization and 3-D rendering software in architecture, engineering, and manufacturing are among the other industries that will fuel its further expansion.