Architectural rendering software: Key market research findings
- Need to improve construction quality fuels market growth
- The Americas dominate the market geographically
- Key vendors – Autodesk, Maxon Computer, Luxion, Lumion, Next Limit Technologies, Luxology Visionmongers, OTOY, and Chaos
Technavio’s market research analysts predict the global architectural rendering software market to reach almost $540 million by 2020. The demand for architectural rendering software is augmented by the need to improve construction quality. Clients demand high-quality construction to avoid building defects and accidents and to ensure that the structure is not vulnerable to physical damage. This is made possible by the use of proper and efficient architectural rendering software, which enable engineers and architects to check the quality of buildings at an early stage of the designing process. During 2015, the Americas dominated the market by accounting for 41% of the overall market share. The presence of large construction industries in the US is expected to fuel growth in the architectural rendering software market during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the architectural rendering segments based on the end-user.
“The market is currently witnessing an upsurge in the demand for cloud-based rendering services. The rise in demand for these services is brought about by the ease of accessing such from all platforms. Several core cloud-computing vendors are entering the market owing to the growing demand for cloud-based rendering services,” says Amrita Choudhury, Lead Analyst, ICT, Technavio Research.
The non-residential segment dominated the global architectural rendering software market by accounting for more than 69% of the overall market share. The non-residential buildings segment includes commercial buildings, institutions, community centers, and industrial buildings. This segment of the market is expected to grow at a CAGR of over 28% to surpass $360 million by 2020.
Autodesk, Maxon Computer, Luxion, Lumion, Next Limit Technologies, Luxology Visionmongers, OTOY, and Chaos comprise the key vendors in the market. Owing to the presence of a number of vendors, the architectural rendering software market appears fragmented. The large number of architectural and 3D modeling software providers in addition to the recent entry and rise in the number of CAD and engineering service providers will spur vendor competition in the market in the next four years.
A more detailed analysis is available in the Technavio report, Global Architectural Rendering Software Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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