Design, Editing & Rendering Software Global Market Report 2022
- March 2022 •
- 300 pages •
- Report ID: 6246426 •
- Format: PDF
Major companies in the design, editing & rendering software market include Adobe Systems Incorporated, Dassault Systemes, Google, AUTODESK, INC., Synopsys, Inc., Trimble Inc., Siemens AG, ANSYS, Larsen & Toubro ltd. and NEMETSCHEK GROUP.
The global design, editing & rendering software market is expected to grow from $42.61 billion in 2021 to $46.08 billion in 2022 at a compound annual growth rate (CAGR) of 8.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $60.46 billion in 2026 at a CAGR of 7%.
The design, editing and rendering software market consists of sales of design, editing and rendering software by entities (organizations, sole traders and partnerships) that develop, market and distribute computer and mobile software used for design, photo editing, video editing, animation, graphic designing, industrial designing and object rendering.
The main types of design, editing and rendering software are engineering design software, animation and VFX design software, and image/video editing and graphic design software.An engineering design software is a software that provides supporting services required for the creation of infrastructure and plant physical assets.
These software are deployed through cloud and on-premise model and used in industrial engineering, games, video and others. The end users of these software are architects & builders, designers, remodelers and others.
North America was the largest region in design, editing & rendering software market in 2021.Asia Pacific was the second largest region in design, editing & rendering software market.
The regions covered in the design, editing & rendering software market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Continuous technological innovation and greater access to 3D enabled devices is driving the design, editing and rendering software products market.Additionally, increased internet penetration has led to the increase in usage and awareness of software products, mobile virtualization, mobile applications, and 3D entertainment, which led to an increased usage of 3D rendering and animation software products .
For example, in 2019, FARO, a 3D measurement and imaging solutionscompany, launched “SCENE 2019” for Advanced 3D Reality Capture. Greater access to such devices not only increased awareness of 3D technologies but also drove the market for design, editing and rendering software.
The design, editing and rendering software industry will witness a monopolistic competition as top large players will obstruct smaller firms from entering the market.Since the effectiveness of a software product is based on the company’s capacity, resources, promotion and expertise, businesses and organizations tend to depend on larger firms offering one-stop solution.
Smaller firms in the industry may find it difficult to compete and move towards specializing in particular areas. Furthermore, it may be difficult for new companies to enter the market as access to skilled software programmers, IT professionals and systems engineers will be required, thus restraining the growth of the market during forecast period.
Some design, editing and rendering software vendors are gradually shifting towards a subscription revenue mode to increase subscriber base.This model is often priced at around one-fifth of the license fees of the software.
Companies in this industry are offering software products through subscription revenue model as entities working on single projects and small to medium sized companies to help them reduce their IT expenditure.For instance, Adobe launched the Adobe Creative Cloud, which offers the entire collection of Adobe software products on users’ desktop.
It follows an annual or monthly subscription model that can be accessed at any desktop, laptop or tablet.
In July 2021, Siemens Digital Industries Software, a US-based computer software company announced the acquisition of FORAN software that is used to design, construction and engineering of vessels and marine structures from SENER Group, for undisclosed amount.This will help Siemens Xcelerator portfolio, to offer a more comprehensive and integrated portfolio of software and services that will cover all aspects of the ship lifecycle, from concept design through production to operations and optimized service lifecycle management.
SENER Group is a Spanish engineering company offering various designing software.
The countries covered in the design, editing & rendering software market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam.