Visualization Market Value Forecast to Soar


 

The global market for visualization and 3D rendering software is forecast to increase at a compound annual growth rate of 17.3% by 2027, a report concludes. That’s good news for Embodee, which the report’s author, Credence Research, identifies as among 13 prominent companies serving the market. 

The market’s total value was USD $970.5 million in 2018, and the report predicts it will reach nearly $3.5 billion by 2027.

“Growing infrastructure development and rising demand for 3D visualization are the major factors driving the market growth,” Credence wrote in a summary of its report. “User-friendly interface, less cost, precise renderings, and other benefits of the software are also helping the market growth.”

Healthcare is expected to be the fastest-growing segment for visualization and 3D rendering software because of the growing demand for diagnoses, surgical planning, anatomical images, and other needs. Healthcare is among six broad industry categories in the report. The others are:  designing, media and entertainment, building and construction, and other (energy, utilities, and more)

While geographically North America accounted for the largest revenue share in 2018 at 36%, the Asia Pacific region is expected to account for the largest growth by 2027.

Embodee’s 3D visualization solutions enable fashion brands and retailers to give customers an immersive visual interaction with apparel, footwear, and other products as they customize and personalize them.

Among the other companies listed with Embodee are Autodesk, Corel, NVIDIA, SAP, and Siemens.

More details are available in the report summary, as well as information from Credence Research about purchasing the full report.