The global visualization and 3D rendering software market is growing significantly at a % CAGR over the forecast period owing to the mounting need for innovative and cost-effective technologies for visualization and simulation. This software is adopted in various applications like product design & modeling, animation, etc. The advantages of visualization and 3D rendering software include cost optimization, time management, and real-time review. Furthermore, the snowballing demand for virtual modeling, growing penetration of cloud computing will further drive the demand for the global visualization and 3D rendering software market. Nevertheless, the increasing demand for HD gaming and videography and the growing usage of simulated research and learning will provide lucrative opportunities in the global visualization and 3D rendering software market.

The COVID-19 outbreak had a low effect on the visualization and 3D rendering software market as it was adopted in diverse industry verticals to allow the functioning of projects in a virtual and digital environment.

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Based on the end-user, the healthcare segment is expected to have substantial growth owing o the increasing adoption of software aids for education and training personnel. Furthermore, 3D visualization is used for purposes like anatomical imaging that helps in diagnosis and surgical planning.

Geographically, North America dominates the global visualization and 3D rendering software market owing to the rising demand for technology by prominent players and increased demand for software in the media and entertainment industries.

The prominent players in the visualization and 3D rendering software industry include Autodesk, Inc., Siemens AG, Adobe Systems Incorporated, Dassault Systems, Nvidia Corporation, Trimble, Inc., Next Limit Technologies, Corel Corporation, SAP SE, Chaos Group, The Foundry Visionmongers Ltd., Newtek, Inc., Render Legion S.R.O., Luxion, Inc. and Christie Digital Systems USA, Inc.

Source: VynZ Research