Computer Graphics Market Expected to Generate 10% CAGR in 2033
Computer Graphics Market is estimated to generate significant revenue by the end of 2033 growing at a CAGR of around 10% over the forecast period 2033
NEW YORK CITY, NEW YORK, USA, November 9, 2022 /EINPresswire.com/ — Research Nester published a report titled “Infographic Market: Global Demand Analysis and Opportunity Outlook 2033” which provides an in-depth overview of the global infographics marketing conditions for market segmentation by component, application, service, end-user, and region.
Additionally, for the in-depth analysis, the report encompasses industry growth indicators, restraints, supply and demand risks, along with a detailed discussion of current and future market trends associated with the market growth.
The global computer graphics market is expected to grow with a CAGR of around 10% over the forecast period, i.e., 2023-2033. The market is segmented by end user into entertainment and advertising, aerospace and defense, automotive, education, healthcare, manufacturing, architecture, construction and others. Among these, the entertainment and advertisement segment is expected to grow at the highest rate during the forecast period owing to the increasing drift of special visual effects in science fiction films and the significant proliferation of animated films and series.
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The global computer graphics market is expected to witness considerable growth owing to the increasing use of 3D printing in the manufacturing of various types of machines, followed by the notable growth of the online gaming sector, as a number of new websites are launched and always offer new game options with very easy access. Furthermore, rapidly increasing viewership of OTT platforms and increasing usage of social media are some of the major factors that are expected to drive the market growth over the forecast period.
Geographically, the global computer graphics market is segmented into five major regions including North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The North America region market is estimated to witness significant growth over the forecast period owing to growing recognition of esports, rapid rise in internet usage, soaring technical advancements, the significant growth of the online gaming industry, and the existence of various VFX companies in the region.
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The research is global in nature and covers detailed analysis of the market in North America (US, Canada), Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands and Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark]Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, an analysis including market size, annual growth and opportunity analysis, competitive study of market players, investment opportunities, future prospect demand, etc. was also covered and displayed in the research report.
Global spread of internet usage to boost market growth
According to the World Bank, the number of Internet users reached 60% of the world’s population in 2020.
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Pervasive internet consumption has become acceptable in many advanced economies. As the Internet has become a necessary tool for information, interaction, and entertainment, the average daily time spent on the Web per capita is increasing year on year. On the other hand, mobile technology has allowed the internet to have a much larger presence, thus increasing the global population of internet users. The Internet remains the most popular means of mass communication. Anyone can now have a web page on the Internet at very little cost. Hence, the growing use of the internet is fueling the growth of the global infographics market.
However, risks related to recession and inflation, growing amount of cutting-edge revolutions in visual effects, and the need for hardware change as continuous upgrading are expected to act as major restraints to the growth of the market. world of infographics during the forecast period.
This report also provides the existing competitive scenario of some of the major players in the global computer graphics market which includes company profiling of Microsoft Corporation, NVIDIA Corporation, Dassault Systems SA, Intel Corporation, Adobe Inc., Advanced Micro Devices, Inc. ., Arm Limited, Sony Corporation, Imagination Technologies Limited, Autodesk Inc. and others. Profiling contains key business information that encompasses an overview of businesses, products and services, key financials, and recent news and developments. Overall, the report portrays a detailed overview of the Global Computer Graphics Market which will help industry consultants, equipment manufacturers, existing players looking for expansion opportunities, new players to opportunity-seeking and other stakeholders to align their market-centric strategies with current and expected developments. trends in the future.
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