The design, editing & rendering software market size has grown strongly in recent years. It will grow from $50.56 billion in 2023 to $53.27 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to the digitalization of media, media consumption patterns, creative industry growth, globalization of media production, and increased digital content creation. The design, editing & rendering software market size is expected to see strong growth in the next few years. It will grow to $66.87 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to sustainable design, mobile editing apps, healthcare visualization, e-learning content creation, user-generated content platforms, and video streaming industry growth. Major trends in the forecast period include real-time rendering for design visualization, cloud-based collaboration tools, AI-driven automation in editing, immersive 3D design experiences, and subscription-based licensing models.
Major Driver In The Design Editing and Rendering Software Market
The growing use of mobile devices is expected to fuel the expansion of the design, editing, and rendering software market in the foreseeable future. Mobile devices, defined as handheld computers that can be operated in the hand, have become increasingly powerful, capable of running complex software applications. This makes them an attractive platform for design, editing, and rendering software. In February 2023, Uswitch Limited reported a 3.8% increase in mobile connections in the UK, reaching 71.8 million in 2022 compared to the previous year. With an estimated 95% of the 68.3 million UK population owning smartphones by 2025, the growth of mobile devices is a driving force behind the design, editing, and rendering software market expansion. The market sizes in 2023, 2024, and 2028 mirror the influence of the growing use of mobile devices on this software market.
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Design Editing and Rendering Software Market Competitive Landscape
Alphabet Inc., Siemens AG, International Business Machines Corporation, NVIDIA Corporation, Larsen & Toubro ltd., Adobe Systems Incorporated, Dassault Systemes, Synopsys Inc., AUTODESK INC., Trimble Inc., ANSYS, Unity Technologies, NEMETSCHEK GROUP, Avid Technology Inc., Blackmagic Design Pty. Ltd., Corel Corporation, Graphisoft SE, The Foundry Visionmongers Ltd., Glassbox Inc., NewTek Inc., Chaos Group, MAXON Computer GmbH, Luxion Inc., D5 Render Inc., Solid Angle, Blender Foundation
Design Editing and Rendering Software Market Segmentation
The design, editing & rendering software market covered in this report is segmented –
1) By Type: Engineering Design Software, Animation And VFX Design Software, Image/Video Editing And Graphic Design Software
2) By Deployment: Cloud, On-Premise
3) By Application: Industrial Engineering, Games, Video, Other Applications
4) By End-User: Architects and Builders, Designers, Remodelers: Other End-Users
By Geography:The regions covered in the design, editing & rendering software market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.
North America was the largest region in design, editing & rendering software market in 2023.
The Design Editing and Rendering Software Global Market Report 2024 furnishes information about the global design editing and rendering software market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
