According to a new market report on the global computer graphics market published by Transparency Market Research, the global computer graphics market is expected to reach a value of US$308.61 billion by 2030.
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The computer graphics market is expected to grow at a CAGR of 6.2% from 2020 to 2030. The expansion of the computer graphics market can be attributed to the increasing use of image processing and animation effects 3D in the media and entertainment industry and the growing demand for graphics software in various industries. North America is expected to lead the global computer graphics market in terms of revenue, followed by Asia-Pacific, during the forecast period.
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Online games have become easily accessible and gaining momentum, with the ubiquity of smartphones and tablets. This has brought a large number of free game templates and generated opportunities in the computer graphics market. Additionally, smaller game developers are bundling with larger entertainment companies to enter the gaming market by adding to the total number of games. The popularity of esports and gaming as a service, which operates using 3D animation and image processing technology, has grown tremendously, increasing the global number of online game players and offering new opportunities in the computer graphics software market to develop new games.
Infographic Market: Market Taxonomy
The global computer graphics market has been segmented on the basis of components, applications, and regions. In terms of components, the computer graphics market is segmented into hardware and application software. Based on application, the computer graphics market is segmented into CAD, image processing, entertainment, user interfaces, and others (educational graphics, etc.).
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Computer Graphics Market: Regional Outlook
The global computer graphics market, by region, has been segmented into North America, Europe, Asia-Pacific, Middle East and Africa (MEA), and South America. Compared to other regions, the computer graphics market in North America is expected to witness significantly healthy growth, with a relatively closer rate to that of the Asia-Pacific region. In North America, the United States and Canada are expected to drive the growth of the computer graphics market. This is due to the presence of a large number of visual effects (VFX) companies, including some of the best visual effects companies based in the region, such as Walt Disney Animation Studios, Warner Bros Animation, DreamWorks Animation and Industrial Light & Magic. . The region is also a hub of computer graphics hardware components and application software vendors including Autodesk Inc., Adobe Systems Inc., Microsoft Corporation, Siemens PLM Software and many others. In addition, the American states are the main places of production of a large number of cinematographic works of entertainment. Additionally, government support for movie entertainment with various programs designed to attract movie production has resulted in significant growth of the computer graphics market in the region.
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The report provides an in-depth industry analysis of the global computer graphics market, thereby providing valuable insights at macro and micro levels. The analysis of the major countries which offer considerable opportunities or account for a major share has also been included under the geographical analysis of the computer graphics market.
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About Transparency Market Research:
Transparency Market Research is a global market research reporting company providing market intelligence reports and services. Our proprietary blend of quantitative forecasting and trend analysis provides forward-looking insights to thousands of decision makers. Our experienced team of analysts, researchers and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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