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Explore the 3D Rendering Services Market Statistics for 2020

Increase in requirement for virtualized & real-time experience in designing and planning along with rise in demand for real-time rendering and rapid decision-making capabilities drive the growth of the global 3D rendering services market. However, lack of skilled professionals and security & privacy concerns hinder the market growth.To get more news about design rendering services, you can visit https://www.3drenderingltd.com official website.

On the other hand, surge in implementation of cloud-based 3D rendering services offer numerous opportunities in coming years. According to the report, the global 3D rendering services market garnered $8.56 billion in 2018, and expected to generate $61.65 billion by 2026, registering a CAGR of 28.1% from 2019 to 2026.

The residential segment is expected to grow at the highest CAGR of 29.1% from 2019 to 2026. This is attributed to rise in real-time rendering to acquire photorealistic results of the building and increase in demand for quality 3D images.

However, the commercial segment held the largest market share in 2018, accounting for more than two-thirds of the global 3D rendering services market, and is expected to maintain its leadership status during the forecast period.

The architects' segment contributed to the highest market share in 2018, contributing to more than one-fifth of the global 3D rendering services market, and is expected to maintain its dominance by 2026.

This is attributed to numerous applications such as 3D architectural visualization that has been utilized by architects to visualize the architectural structure before its real-world construction. However, the designers' segment is expected to register the fastest CAGR of 39.0% during the forecast period, owing to the adoption of cloud-based 3D rendering designer services across the globe.

North America accounted for the major market share, accounting for nearly two-fifths of the total market share of the global 3D rendering services market in 2018, and is projected to maintain its highest contribution during the forecast period. This is attributed to rise in the construction of residential projects and government initiatives supporting the projects in this region.

‘Part of the point of the digital show is that we weren’t going to let it affect the curation,’ says Khemsurov. ‘We really felt like it would only work if [it] had the same spirit as our physical show [which] is known for being tightly edited and a reflection of our aesthetic. We’ve heard over and over through the years that the reason people choose to show at Offsite is because they know they’ll be represented in the right context — next to peers they respect rather than thrown into the randomness of most bigger fairs. So we held the applicants for our digital show to the same standards that we would the physical one.’
Offsite Online debuts with its own dedicated page on the Sight Unseen website, where all the collections of participating designers can be viewed. The designer presentations take shape as a slideshow of images, accompanied by a written description about the collection and an audio clip from the designer talking through what inspired the concept and the thought processes behind their work.