Media & entertainment industries are key elements that drive global computer graphics market growth during the forecast period 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.
Computer Graphics market is analyzed to witness notable growth of 5.2% during the forecast period 2020-2025. The Media & Entertainment industries are the key elements that drive global computer graphics market growth. An individual person can even understand those things with different perspectives with the help of computer graphics which are not possible to understand by visualization. Such positive factors have generated customer interest in computer graphics.
Remarkable demand for computer graphics software is anticipated to rise during the forecast period in associated sectors such as fashion design, building, and other manufacturing companies. Installing new computer-based technologies in various sectors such as the automotive, aerospace, and architectural industries has fuelled global computer graphics market growth. Rising online demand for computer graphics has boosted the market along with growing demands for smart smartphone penetration in the business sectors. The main elements which drive the computer graphics market are demand for graphics software in business sectors and booming entertainment industries.
North America is leading the global computer graphics industry with the largest share in the global market of more than 38% in 2019 and is projected to rise at a steady CAGR 4.1% over the forecast period. North America is expected to witness growth, due to the presence of many local players in the regions. Moreover, in order to draw more consumers, the race to offer the best visuals on the websites is once again promoting the region to retain its top position on the global computer graphics market over time.
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Advancement in Entertainment Industry:
- Increasing demand for computer graphics in the entertainment sector is a significant factor expected to drive market growth
Growing demand in entertainment industry for computer graphics is a major factor anticipated to drive market growth. Computer graphics are used to produce 3D animation and 3D movies that also fuel computer graphics demand and are expected to drive market growth. However, 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 in the near future. Integration of computer graphics into 4D technology and cloud-based subscription availability instead of proprietary software will generate higher revenue opportunities for target players. The growing impact on artificial intelligence, increased and virtual reality, tailored advertising and block chains are widely promoting the entertainment industry.
- In May 2020, Nvidia launched early access to its Omniverse computer graphics and simulation platform that allows 3D creators to work collaboratively in real time on architecture, engineering, and construction projects.
- In Aug 2016, Buffalo Computer Graphics (BCG) partnered with Epicenter Media & Training to provide additional services including planning, exercise, training, consultation, and deployment support to their customers.
The Major Players in this Market Include
The major companies in the Mining Equipment Services market include Adobe Inc., Advanced Micro Devices, Inc., Autodesk, Inc., Dassault Systemes SE, Intel Corporation, Microsoft Corporation, Nvidia Corporation, Siemens PLM Software, Sony Corporation and Mentor Graphics.
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