PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1103518
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1103518
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Global Visualization and 3D Rendering Software Market to Reach $7.4 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Visualization and 3D Rendering Software estimated at US$2.1 Billion in the year 2020, is projected to reach a revised size of US$7.4 Billion by 2027, growing at aCAGR of 20% over the period 2020-2027. Standalone, one of the segments analyzed in the report, is projected to record 20.8% CAGR and reach US$5.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Plugin segment is readjusted to a revised 18.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $651.7 Million, While China is Forecast to Grow at 26.8% CAGR
The Visualization and 3D Rendering Software market in the U.S. is estimated at US$651.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 26.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.4% and 19.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 17.6% CAGR.
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