Design, Editing & Rendering Software Publishing in the US
The adoption of new technology such as 3D printers by larger manufacturers and niche hobbyists has spurred Design, Editing and Rendering Software Publishing industry demand for computer-aided design software during the period to 2018. Despite strong demand for industry products, industry growth was hindered by the transition from a perpetual licensing model to a subscription model. This new model, also called software as a service (SaaS), enables customers to pay a monthly or yearly fee to access industry software via the internet. Over the five years to 2023, revenue growth will accelerate as companies continue to shift to a subscription-based revenue model, which will increasingly gain traction and popularity with customers. Additionally, the increased adoption of new technologies such as 3D printing, 3D television and movies and virtual reality will spur demand for design, editing and rendering software.
This industry develops and distributes design, picture-editing, video-rendering, object-rendering and audio-editing software. These types of software are widely used in the fields of graphic design, architecture, video game development, manufacturing and media production. The industry also includes companies that develop software add-ons. This industry does not publish software for editing textual documents (see IBISWorld report 51121a).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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