“Computer
Graphics Market: Global Demand Analysis & Opportunity Outlook 2024”
The global computer graphics market
is segmented in to component which
includes application software and hardware. Further, hardware segment is expected to
occupy the top position in the market during the forecast period. The rise of
the hardware segment is primarily driven by growing entertainment industry and
growing demand for hardware components including GPU (graphic processing unit),
graphic cards, RAM & storage and control processing unit. Moreover, rising
demand for GPU chips in media industry is fueling the growth of this segment.
Global computer graphics market is expected to register a 6.1%
CAGR over the forecast period. Moreover, the global computer graphics market
was valued at USD 131.6 Billion in 2016 and is further expected to reach at remarkable
revenue of 215.5 Billon by the end of 2024. The market is expected to expand on
the back of growing demand for computer graphics application software such as
Photoshop, illustrator, Picasa, CAD/CAM
and more in a number of industries such as fashion designing, automobile,
construction and manufacturing industries.
The Entertainment segment by
application is likely to grow at maximum pace during the forecast period. Rising
application of computer graphics in 3D visuals, animation movies and video
games is a major factor which is driving the expansion of this segment.
Further, rising sales of video games across the globe is also anticipated to
foster the growth of this segment.
Rising adoption of
computer based technologies
The adoption of computer based technologies in various
industries including aerospace, automobiles and in business sectors is
envisioned to fuel the growth of computer graphics market during the forecast
period. Further, high inclination of population aging between 15-35 years and
increasing spending on video games are also propelling the growth of global computer
graphics market.
Urbanization and
industrialization in emerging economies
The increasing number of
industries in emerging economies coupled with high demand for computer graphics
software in these industries is a major driver to the growth of computer
graphics market. Moreover, growing applications of computer graphics software
in manufacturing processes such as CNC machining is also driving the growth of
computer graphics market.
Although, high cost of computer
graphics software and rising need for
replacing hardware due to continuous upgrades in 3D graphics software are some
of the factors that are likely to inhibit the growth of the computer graphics
market in the near future.
The
report titled “Computer
Graphics Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of
the global computer graphics market in terms of market segmentation by component,
by application and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
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.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
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strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Contact for more
Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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