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Design, Editing & Rendering Software Global Market Report 2021: COVID 19 Impact and Recovery to 2030

ReportLinker
·3 min de lecture

Major companies in the design, editing and rendering software market include Dassault Systemes SA; Adobe Systems; Synopsys Inc; Autodesk and Hexagon AB. The global design, editing & rendering software market is expected to grow from $38.

New York, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Design, Editing & Rendering Software Global Market Report 2021: COVID 19 Impact and Recovery to 2030" - https://www.reportlinker.com/p06018777/?utm_source=GNW
42 billion in 2020 to $39.73 billion in 2021 at a compound annual growth rate (CAGR) of 3.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $55.84 billion in 2025 at a CAGR of 9%.

The design, editing and rendering software market consists of sales of design, editing and rendering software by entities (organizations, sole traders and partnerships) that develop, market and distribute computer and mobile software used for design, photo editing, video editing, animation, graphic designing, industrial designing and object rendering. The design, editing and rendering software market is segmented into engineering design software; animation and VFX design software; and image/video editing and graphic design software.

North America was the largest region in the global design, editing & rendering software market, accounting for 40% of the market in 2020. Asia Pacific was the second largest region accounting for 37% of the global design, editing & rendering software market. Africa was the smallest region in the global design, editing & rendering software market.

Some design, editing and rendering software vendors are gradually shifting towards a subscription revenue mode to increase subscriber base. This model is often priced at around one-fifth of the license fees of the software. Companies in this industry are offering software products through subscription revenue model as entities working on single projects and small to medium sized companies to help them reduce their IT expenditure. For instance, Adobe launched the Adobe Creative Cloud which offers the entire collection of Adobe software products on users’ desktop. It follows an annual or monthly subscription model that can be accessed at any desktop, laptop or tablet.

The design, editing and rendering software industry will witness a monopolistic competition as top large players will obstruct smaller firms from entering the market. Since the effectiveness of a software product is based on the company’s capacity, resources, promotion and expertise, businesses and organizations tend to depend on larger firms offering one-stop solution. Smaller firms in the industry may find it difficult to compete and move towards specializing in particular areas. Furthermore, it may be difficult for new companies to enter the market as access to skilled software programmers, IT professionals and systems engineers will be required, thus restraining the growth of the market during forecast period.

Continuous technological innovation and greater access to 3D enabled devices is driving the design, editing and rendering software products market. Additionally, increased internet penetration has led to the increase in usage and awareness of software products, mobile virtualization, mobile applications, and 3D entertainment, which led to an increased usage of 3D rendering and animation software products. For example, in 2019, FARO, a 3D measurement and imaging solutionscompany, launched “SCENE 2019” for Advanced 3D Reality Capture. Greater access to such devices not only increased awareness of 3D technologies but also drove the market for design, editing and rendering software.
Read the full report: https://www.reportlinker.com/p06018777/?utm_source=GNW

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