Computer Graphics Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2020 - 2025
The market for Computer Graphics is forecast to reach $40.25 billion by 2025, growing at a CAGR of 5.2% from 2020 to 2025. Changing user behaviour to modern applications with specific presets propels development in the Computer Graphics Market. Increasing demand in entertainment industry for computer graphics is a major factor anticipated to drive market growth. Computer graphics are used to create 3D animation and 3D movies which also boost computer graphics demand and are expected to boost market growth. Moreover, increasing demand for graphics software in business processes, increased usage of smartphones and increased use of internet websites are also expected to fuel global market growth of computer graphics in the future.
Report Coverage
The report: “Computer Graphics Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Computer Graphics market.
By Software: CAD/CAM, Visualization/Simulation, Digital Video, Imaging, Modeling/Animation, Others
By Service: Consulting, Integration, Training & Support
By Verticals: Aerospace and defense, Automobile, Entertainment and Advertising, Healthcare, Manufacturing, Others
By End-Users: Small & Medium Businesses(SMBs), Enterprises
By Geography: North America, South America, Europe, Asia-pacific, RoW.
Key Takeaways
- Increasing demand for computer graphics in the entertainment industry is a big factor expected to drive market growth. Computer graphics are used to create 3D animation and 3D movies that also boost the demand for computer graphics and are expected to stimulate market growth.
- The advancement of the animation segment is also contributing to the growth of the entertainment and advertising industry, due to the growing need for attractive animated scenes in games and movies. Animation is one of the most valuable resources on the website.
- The Entertainment & Advertisement segment is boosting computer graphics industry growth as animation is increasingly required for movies, games and ads.
- North America is experiencing immense growth because, due to the presence of a large number of Visual Effects (VFX) firms, it is a hub for computer graphics design software and hardware components.
- Effects of computer graphics need of their own hardware and software. It is costly to replace old hardware and software processes with 3D hardware and software which can impede the growth of the global market for computer graphics.
By Software - Segment Analysis
Animation Segmented has dominated the Computer Graphics market and is set to grow at growth rate of 6.9% during the forecast period 2020-2025. Computer graphics have emerged along with software which they reinforce with advent new technology graphics providers are coming out with new software updates as well as new software which support each and every vertical industry. With the help of software-dummy parts are developed in the automobile industry, the textile industry, and other industry related to ancillary parts.
Today computer graphics software is primarily applied in educational institutions where system design and engineering design is the curriculum component. The invention of computer graphics helps consumers to create animated movies and games with special effects and scenes that are attracting the attention of massive customers. Animation segment development is also leading to the growth of the entertainment and advertising sector, owing to the increasing need for attractive animated scenes in games and films. Animation is one of the most efficient tools to use on your web site. Animation's skillful use on your website or blog will help boost your targeted traffic in ways that ordinary text-based content can't do to you. Such characters are expected to fuel animation market growth and therefore eventually computer graphics market growth.
By Verticals- Segment Analysis
Entertainment and Advertising has dominated the Computer Graphics market in 2019 and is set to grow at highest growth rate of 7.3% during the forecast period 2020-2025. The Entertainment & Advertisement segment is boosting the growth of the computer graphics industry as animation is increasingly required for films, games and advertisement. Growing demand in entertainment industry for computer graphics is a major factor anticipated to drive market growth.
Computer graphics are used to create 3D animation and 3D movies which also boost computer graphics demand and are expected to boost market growth. Growing demand for graphics software in business processes, rising mobile use and growing use of internet websites are also expected to fuel global market growth in the near future. Using computer-aided design to provide real-time animation for movies and gaming is accelerating the entertainment industry enormously. With the aid of computer graphics the high-end gaming with impressive digital video is getting highly traction. The computer graphics market is driven by rising use of mobile devices and increasing exposure to software personalization and customization.
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