Global Architectural Rendering Software Market 2016-2020
About Architectural Rendering Software
Rendering is the graphical process of creating a visual scene through computer-generated light waves. It creates the visualization of 3D objects based on the strength of light waves or particles that are created by the rendering software itself. Virtualization software is used to develop a real animation world around 3D objects that are created by the rendering software. Animation developers use the rendering software to create a non-realistic animation environment, and they use the virtualization software to make it immersive and realistic. A rendering software that is specifically designed for construction and architectural purposes is called architectural rendering software. Architectural rendering software is used to create a preview of a building before it is constructed.
Technavio’s analysts forecast the global architectural rendering software market to grow at a CAGR of 29.37% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global architectural rendering software market for 2016-2020. To calculate the market size, the report considers the revenue generated from periodic licenses or subscriptions is earned from the fee charged to keep the license active.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Architectural Rendering Software Market 2016-2020
Technavio recognizes the following companies as the key players in the global architectural rendering software market: Autodesk, Maxon Computer, Luxion, Lumion, Next Limit Technologies, Luxology Visionmongers, OTOY, and Chaos.
Other Prominent Vendors in the market are: Blender, Daz Studio, Lightwave 3D, Mental Ray, RenderMan, Rhinoceros, SketchUp, Thea Render, and ZBrush.
Commenting on the report, an analyst from Technavio’s team said: “Growing demand for non-photorealistic rendering will be a major trend spurring growth in this market. In the mid-1970s, architects mainly depended on 2D pictures and drawings to design and plan the construction of buildings. Over the years, construction companies have started using 3D architectural rendering software as it offers many useful features. 3D rendering provides a realistic view of structures, which helps architects to create a preview or model of a building before it is constructed.”
According to the report, the increased use of architectural rendering software in the Middle East and emerging Asian countries will drive the prospects for market growth until the end of the forecast period. The demand for architectural rendering software from construction and real estate industries is increasing in Middle East countries including Oman, Bahrain, the UAE, Saudi Arabia, and Kuwait as well as emerging Asian countries including India, China, Indonesia, and the Philippines. This is because these regions are focused on constructing challenging building structures, such as Burj Khalifa, Hong Kong–Zhuhai–Macau Bridge, buildings in Nanhui New City (a planned city which is scheduled to be completed by 2020), and Palm Jumeirah, that require highly realistic 3D architectural rendering at different stages of construction.
Further, the report states that the increasing threat from low-cost service providers will pose a challenge for this market. The market is facing a challenge with regard to the increase in price wars. As the market is fragmented, vendors have to offer low-cost rendering services to survive in the competitive business environment. APAC-based software providers such as Crystal CG in Hong Kong and Frontop in China are entering the market and offering rendering services at a lower cost compared to other vendors. This is because of the availability of low-cost labor in APAC. Architectural rendering software developed by Crystal CG is used for constructing stadiums and buildings for the Winter Olympics that will take place in Beijing in 2022. SketchUp and libreCAD are some of the free software available in the market.
Autodesk, Maxon Computer, Luxion, Lumion, Next Limit Technologies, Luxology Visionmongers, OTOY, Chaos, Blender, Daz Studio, Lightwave 3D, Mental Ray, RenderMan, Rhinoceros, SketchUp, Thea Render, ZBrush
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