However, lack of IT infrastructure, less demand for 3D rendering software in underdeveloped nations, and lack of security, with privacy issues are expected to hamper the visualization and 3D rendering software market growth. In addition, surge in demand for real-time rendering and faster decision-making capabilities positively impacts growth of the market.

The key factor driving the growth of the visualization and 3D rendering software market trends include increase in demand for virtual modelling and building design and surge in demand for architecture planning for smart cities boost growth of the global visualization and 3D rendering software market. Get more information on this report : Request Sample Pages Furthermore, the main purpose of visualization and 3D rendering software is to create visual interface, which provides a better understanding of a project to creators, developers, and the customers. In addition, the software offers numerous benefits such as improved processing, real-time insights, and user-friendly renderer interface, which creates its demand among end users. 3D rendering is most often used for demonstration at various conferences, exhibitions, and presentations.

Visualization and 3D rendering is a process of generating an image based on three-dimensional data, which is stored within a computer program. The COVID-19 outbreak had a low impact on the growth of the visualization and 3D rendering software market as the lockdown across the countries has enabled wide adoption of visualization and 3D rendering software among different industry verticals to allow functioning of projects in a virtual and digital environment. The global visualization and 3D rendering software market size was valued at $1.48 billion in 2019, and is projected to reach $7.96 billion by 2027, growing at a CAGR of 23.1% from 2020 to 2027.

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