The global computer graphics market size was evaluated at $25.5 Billion in 2022 and is slated to hit $35.1 Billion by the end of 2030 with a CAGR of nearly 9.1% between 2023 and 2030.
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➤ The global market trends are being influenced by the increasing demand for 3D animation effects in movies and the media and entertainment sector.
The global computer graphics market trends will be bolstered by the increasing implementation of computer graphics in the media and entertainment sector for 3D animation and image processing. The global market will be driven by the increasing use of smartphones, tablets, iPhones, and MacBooks. The global market’s potential for growth will be broadened by the increasing prevalence of computer graphics in the construction, civil engineering, healthcare, automotive, manufacturing, and apparel sectors. The global computer graphics market will experience an increase in growth as a result of the alteration in consumer behavior toward the use of new software with distinct presets.
➤ The global industry’s development may be impeded by the necessity of consistently updating 3D computer graphics.
The computer graphics industry will be constrained in its ability to expand globally due to the necessity of perpetually enhancing 3D computer graphics, which will necessitate hardware expenditures. Additionally, the primary function of design necessitates proficiency in graphical software; consequently, the utilization of computer graphics is not user-friendly. In turn, this can impede the global industry’s expansion.
➤ The global market may be able to explore new growth opportunities as a result of the affordable availability of computer graphics.
The global computer graphics market will experience new growth opportunities in the years ahead as a result of the prospering gaming and film industries. The global market is expected to experience new growth opportunities due to the cost-effectiveness of computer graphics.
➤ The global industry surge may face a challenging challenge due to the increase in the costs of enhancing visual effects.
The global industry’s development may be significantly impeded by the inability of computer graphics to comprehend or simulate real-world issues, as well as an increase in the fees associated with enhancing the visual effects of videos.
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The Global Computer Graphics Market is segmented based on product, application and region
Global Computer Graphics Market: Product Segment Analysis
● Small & Medium Businesses
● Large Enterprises
Global Computer Graphics Market: Application Segment Analysis
● Packaging
● Masking
● Consumer & Office
● Healthcare
● Electronics & Electrical
● Automotive
● Paper & Printing
● White Goods
● Retail
● Building & Reconstruction
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The global Computer Graphics market profiles key players such as:
● Walt Disney Animation Studios
● Matrox
● Autodesk Inc.
● Mentor Graphics Inc.
● Oracle PLM
● Advanced Micro Devices (AMD) Inc.
● Warner Bros Animation
● Siemens PLM Software
● Sony Corporation
● Imagination Technologies Limited
● Intel Corporation
● Industrial Light & Magic
● Adobe Systems Ltd.
● ARM Ltd.
● Nvidia Corporation
● Dassault Systèmes SA
???? Recent Developments
• In the first quarter of 2022, AMD announced the release of its next-generation RDNA GPUs at the conclusion of the year. Additionally, the introduction of the new product will enable it to broaden its Radeon 6000 series portfolio in the years ahead. This action will stimulate the expansion of the global computer graphics market.
• Intel Arc, a novel graphics technology, was introduced by Intel in the first half of 2022. The objective of the change is to compete with AMD and Nvidia. Additionally, the introduction of the first graphics device for video previewing is part of the new graphics technology. The initiative will not only significantly contribute to the firm’s computer graphics business but also provide it with a competitive advantage over its business rivals.
➤ In 2023-2030, the global market share will be significantly influenced by the Asia-Pacific Computer Graphics market.
The global computer graphics market is expected to be dominated by the Asia-Pacific region in the forecasting years, as it accounted for 75% of the global market share in 2022. The expansion of the regional market may be contingent upon the prospering media and entertainment industries in countries such as China, Indonesia, Japan, and India. The expansion of the market in the region will be stimulated by an increase in the per capita income of consumers. For the record, the media and entertainment sector in the Asia-Pacific is anticipated to surpass $50 billion by 2030.
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