Global computer graphics market is expected to grow at a significant CAGR (compound annual growth rate) of 6.1% over the forecast period 2017-2024.
Almost everything on computer that is not text or sound is included in computer graphics. Basically, computer graphics are visual representations of data displayed on monitor and made on the computer.
By using computer graphics one can create group of images or image or video with help of computer and display it on monitor (output device). Computer graphics have enhanced the medium of communication between machines and humans.
Computer graphics help to create, store, operate various geometrical objects and there images. Apart from that, computer graphic is sub part of “computer science”, in which we do study about visual contact and synthesizing digitally.
Market Size & Forecast
The global market of computer graphics stood at a valuation about USD 131.6 Billion in 2016. Further, it is estimated that the global market of computer graphics may witness a remarkable growth and reach at the valuation of USD 215.5 Billion by the end of year 2024.
Geographically, the global computer graphics market is segmented into five major regions is North America, Asia Pacific, Europe, South America and Middle East & Africa. North America region is driving the global computer graphics market with the highest share more than 40%, in global market and it is anticipated to grow at a steady CAGR (compound annual growth rate) during the forecast period 2027-2024.
It has been observed that the demand for new & advanced technologies has been increased in developing economics such as China, India and others. This factor has propelled the market of Asia Pacific region.
Further, it is estimated that the Asia Pacific region is likely to witness the highest CAGR (compound annual growth rate) of 10.2% over the forecast year.
The market of Europe and Middle East regions are anticipated to witness a steady growth rate over the forecast period 2017-2024. It has been observed that the demand for computer technologies has increased also in South America region and it is expected to grow at remarkable CAGR during the forecast period 2017-2024.
Our-in depth analysis of the global computer graphics market includes the following segments:
- Application Software
- Image Processing
- Entertainment (3D/ Animations/ Visual Effect)
- User Interfaces
Growth Drivers & Challenges
Media & Entertainment industries are the key elements which are propelling the growth of global computer graphics market. With the help of computer graphics, an individual person can even understand those things with different perspectives which are not possible to understand by visualization.
These positive factors have developed interest among the consumers towards computer graphics. Remarkable demand for computer graphics software in associated sectors such as fashion designing, construction and other manufacturing company is anticipated to grow during forecast period.
The installation of new computer based technologies in different sectors such as automotive, aerospace and architectural industries have fueled the growth of global computer graphics market. Growing web demand for computer graphics in business sectors has given boost to the market along with increasing demands for smart mobile penetration.
Demand for graphics software in business sectors and booming entertainment industries are the key elements which are driving the computer graphics market.
Apart from that, the factors such as recession and inflation are major restraint factors affecting the global market of computer graphics directly. Moreover, these factors reduce the sales of smart phones and computer and its accessories.
However, the need of hardware change due to constant up gradation to 3D computer graphics software has caused extra cost to the manufacturers of computer graphics.
This report also provides the existing competitive scenario of some of the key players of the global computer graphics market which includes company profiling of Microsoft corporation, Advanced Micro Devices Inc., ARM Ltd., Intel Corporations, Imagination technologies ltd., Nvidia Corporation, Sony Corporation, Adobe System Ltd, Siemens PLM Software, Autodesk Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the global computer graphics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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