4D Modelling Getting Traction!
Posted: Dec 15, 2018
Historically, the global design, editing and rendering software market, one of the segments in the information technology industry, grew at a compound annual growth rate (CAGR) of more than 6%. The growth is mainly due to increasing demand for 3D animation, government initiatives in software industry and increasing availability of 3D enabled devices.
The global design, editing and rendering software market size is expected to reach above $600 billion in 2021, growing at a CAGR of slightly above 2%. The decline in the forecast period, when compared to the historic period, is mainly due to several restraints in the design, editing and rendering software market which include shortage of technological knowledge, entry barriers and rising demand for open source software.
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The design, editing and rendering software industry is witnessing a new trend for 4D modeling visualization. Over a few years, researchers have been trying to add a fourth dimension of time and space to images, videos and films. For instance, in 2013, University of Colorado successfully developed 4D printing technology which significantly introduced future possibilities in the design and editing market. Similarly, in 2016, Sketchfab, a 3D modelling platform, collaborated with TimeSlice Films to host an interactive 4D model. The model was created by integrating individual 3D frames from 53 GoPro cameras. 4D modeling is expected to be the next breakthrough technology in the field of design, editing and rendering software.
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The design, editing and rendering software market comprises establishments engaged in developing, marketing and distributing computer and mobile software used for design, photo editing, video editing, animation, graphic designing, industrial designing and object rendering.
The top five companies covered are Dassault Systemes S.A., Adobe Systems, Synopsys Inc., Autodesk and Hexagon AB. Dassault Systemes S.A. was the largest company in the design, editing and rendering software market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Design, editing and rendering software is segmented into Animation And VFX Design Software, Engineering Design Software And Image/Video Editing And Graphic Design Software.
Animation And VFX Design Software involves generating and designing animated videos, character animation, sequence images and visual effects using computer graphics. For example, Autodesk Maya, Adobe Flash, Blender and Cinema 4D Studio.
Engineering Design Software is predominantly used by engineers, architects and constructors to design and develop ideas for new products, buildings and systems. This includes modeling of structural, mechanical and electrical machines, systems and equipment. Examples of engineering design software are simulation programs, CAD tools and modeling software.
Image/Video Editing And Graphic Design Software segment includes providing specialized motion picture or video postproduction services, such as editing, film/tape transfers, subtitling, credits, closed captioning, and animation and special effects.
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