Portlan, OR, June 09, 2020 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global 3D rendering service market accounted for $8.56 billion in 2018, and is projected to reach $61.65 billion by 2026, growing at a CAGR of 28.1% from 2019 to 2026. The report offers a detailed analysis of value chain, market dynamics, top winning strategies, key segments, business performance, and competitive landscape.
Rise in requirement for virtualized & real-time experience in designing and planning and surge in demand for real-time rendering and rapid decision-making capabilities have boosted the growth of the global 3D rendering service market. On the contrary, lack of skilled professionals and security & privacy concerns hamper the market. However, surge in implementation of cloud-based 3D rendering services is expected to create lucrative opportunities for the market players.
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The global 3D rendering service market is segmented on the basis of service type, end user, project type, and geography. Based on service type, the market is divided into interior visualization, exterior visualization, modeling services, walkthrough & animation, and floor plan.
Based on end user, the market is categorized into architects, designers, engineering firms, and real estate companies. The designer segment is projected to portray the highest CAGR of 39.0% during the study period. However, the architects segment held the largest share in 2018, accounting for more than one-fifth of the market.
On the basis of project type, the market is divided into commercial project and residential projects. The commercial segment dominated the market in 2018, contributing to more than two-thirds of the market. However, the residential segment is projected to manifest the fastest CAGR of 29.1% during the forecast period.
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The global 3D rendering service market is analyzed across several regions such as North America, Asia-Pacific, Europe, and LAMEA. The market across the Asia-Pacific region is projected to portray the highest CAGR of 30.1% during the study period. However, the market across North America held the largest share in 2018, contributing to nearly two-fifths of the market.
The global 3D rendering service market report includes an in-depth analysis of the major market players such as RealSpace Vision Communication Inc., Professional 3D Services, Flatworld Solutions Pvt. Ltd., Rayvat Rendering, CG Studio, Mapsystems, 3D Animation Services, WinBizSolutions, XpressRendering, and Tesla Outsourcing Services.
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