Computer Graphics Market Size Forecast to Reach $40.25 Billion by 2025


Posted October 5, 2020 by Blessy_Joy

Computer Graphics Are Used to Create 3D Animation and 3D Movies Which Also Boost Computer Graphics Demand and Are Expected to Boost Market Growth.

 
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.

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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 Geography - Segment Analysis

In terms of sales, North America accounts for the highest market share and is projected to retain its dominance throughout the forecast period , owing to the large local manufacturing industries in countries such as the US and Canada. The overall computer graphics market in North America grew with a share of more than X% during the forecast period. Throughout the United States, the media and entertainment industry is growing increasingly due to increasing advances in the fields of film, television and advertisement, streaming content, music and audio recordings, broadcasting, radio, book publishing, video games and others. North America is seeing tremendous growth because it is a centre for computer graphics design software and hardware component due to the involvement of a large number of Visual Effects (VFX) companies, this is expected to positively affect the global market of computer graphics. In addition, the U.S. is regarded as a prime location of production for a large number of media and entertainment companies.

Drivers – Computer Graphics market

Advancement in the Entertainment Industry

Increasing need for Graphics Software

Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Computer Graphics market. 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 Mentor Graphics.

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Issued By blessy
Business Address IndustryARC
Country India
Categories Business , Technology
Tags computer graphics market , computer graphics market reasearch , computer graphics market report , computer graphics market share , computer graphics market size
Last Updated October 5, 2020