DUBLIN–(BUSINESS WIRE)–The “Computer Graphics Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2020-2025” report has been added to from ResearchAndMarkets.com offer.
The computer graphics market is expected to reach $40.25 billion by 2025, growing at a CAGR of 5.2% from 2020 to 2025
Changing user behavior towards modern apps with specific presets is propelling development in the computer graphics market. Growing demand in the entertainment industry for infographics is a major factor that is expected to drive the growth of the market.
Computer graphics are used to create 3D animations and 3D movies which are also driving the demand for computer graphics and are expected to drive the market growth. In addition, growing demand for graphics software in business processes, increased use of smartphones, and increased use of websites are also expected to fuel the growth of the global computer graphics market in the future.
Key points to remember
The growing demand for infographics in the entertainment industry is a significant factor that is expected to drive the growth of the market. Computer graphics are used to create 3D animations and 3D movies which are also driving the demand for computer graphics and are expected to drive the market growth.
The advancement of the animation segment is also contributing to the growth of the entertainment and advertisement industry, due to the growing need for engaging animated scenes in games and movies. Animation is one of the most valuable resources of the website.
The Entertainment and Advertising segment is driving the growth of the computer graphics industry as animation is increasingly required for movies, games and advertisements.
North America is experiencing immense growth as due to the presence of a large number of Visual Effects (VFX) companies, it is a hub for computer graphics design software and hardware components.
Computer graphics effects need their own hardware and software. It is costly to replace old hardware and software processes with 3D hardware and software, which can hamper the growth of the global computer graphics market.
Drivers – Infographics Market
Advancement in the entertainment industry
The growing impact of artificial intelligence, augmented and virtual reality, interactive advertising, and blockchains are largely driving the advancement of the entertainment industry. The introduction of digital technologies has changed the way people interpret images and videos. New innovations are implemented to captivate customers and create innovative user experiences in which consumers interact with brands in unique and engaging ways. These significant factors are driving the demand for infographics and will help drive the growth of the market.
Growing need for graphics software
Computer graphics software such as Computer Aided Design (CAD) is considered to be the most essential software used in various applications ranging from animation to architecture, image processing, etc. CAD is also commonly used for construction design, spacecraft, cars, textile machinery, computer hardware, watercraft, etc. CADs are growing in popularity and are commonly used for real-time animation using the thread type to display animated designs on a video monitor. to check the exit of the vehicle or other device. In addition, the use of visualization tools by scientists, engineers, medical professionals, commercial analyzers and others to analyze large amounts of knowledge from certain systems, numerical simulations, satellite cameras and other sources stimulates the infographics market.
Challenges – Infographics Market
Rise in the price of computer graphics software
Computer graphics effects require their own hardware and software. Replacing old hardware and software processes with 3D hardware and software is expensive, which can hamper the growth of the global computer graphics market. As the demand for real-time animation and enhanced video and imagery in the entertainment and media industry grows, so do subscription prices. The computer graphics market is hampered by the rising cost of advanced technologies to deliver more visual effects to video.
Product launches, acquisitions, and R&D activities are key strategies adopted by players of the Computer Graphics market. The computer graphics driver market is expected to be dominated by major companies such as Adobe Inc., Advanced Micro Devices, Inc., Autodesk, Inc., Dassault Systemes SE, Intel Corporation, Microsoft Corporation, Nvidia Corporation, Siemens PLM Software, Sony Corporation and Mentoring Charts.
In September 2019, a news and commentary site, Graphic Speak, announced its newly redesigned website. This revamped website is primarily developed for computer graphics, CAD, ray tracing, animation, and other practitioners who are at the forefront of computer graphics advancement. This latest website would also contribute to artificial intelligence, machine learning, for the transformation of the computer graphics industry.
In August 2018, NVIDIA reinvented computer graphics with the launch of the NVIDIA Turing GPU architecture. This new Turing GPU architecture includes RT Cores that accelerate ray tracing and new Tensor Cores for AI inference, making real-time tracing even more possible.
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