The artificial intelligence (ai) rendering global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Artificial Intelligence (AI) Rendering Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The artificial intelligence (AI) rendering market size has grown exponentially in recent years. It will grow from $1.27 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 25.3%. The growth in the historic period can be attributed to rise of computer graphics in entertainment, rise of AI in image processing, rise in the entertainment sector, growth in demand for realistic visual effects, and growth in virtual production.
The artificial intelligence (AI) rendering market size is expected to see exponential growth in the next few years. It will grow to $3.95 billion in 2028 at a compound annual growth rate (CAGR) of 25.4%. The growth in the forecast period can be attributed to rising popularity and preference for online gaming, increasing need for visually stunning, increasing reliance on advanced rendering software, rising demand for real-time rendering, and increasing focus on consumer engagement. Major trends in the forecast period include technological advancements, real-time rendering, cloud-based rendering services, integration of AI, and augmented reality.
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Scope Of Artificial Intelligence (AI) Rendering Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Artificial Intelligence (AI) Rendering Market Overview
Market Drivers –
The rising popularity and preference for online gaming are expected to propel the growth of the AI rendering market going forward. Online gaming refers to playing video games over the internet, either solo or with other players, often in real-time and across various digital platforms. The surge in online gaming is driven by advancements in internet connectivity, the development of sophisticated gaming platforms, and the increasing integration of AI to enhance gaming experiences. AI rendering is required for online gaming to enhance real-time graphics quality and performance, providing a more immersive and visually appealing experience for players. For instance, in February 2022, according to the Department of Foreign Affairs and Trade, an Australia-based government department, the digital games industry generated $226.5 million in revenue in 2021, reflecting a 22% increase compared to 2020. The market is projected to reach $294 billion by 2024. Therefore, rising popularity and preference for online gaming are driving the growth of the AI rendering market.
Market Trends –
Major companies operating in the artificial intelligence (AI) rendering market are focused on developing advanced technology, such as 3D rendering and visualization software, to enhance design processes and improve user experiences. 3D rendering and visualization software refers to creating high-quality, realistic images or animations of objects and environments using AI-powered algorithms. For instance, in April 2024, Dimension 5 Techs, a Canada-based technology company, launched D5 Render 2.7, architectural-focused real-time rendering software. It aims to amplify the workflow for architecture, landscape, and interior designers by leveraging the power of AI and PCG (procedural content generation). D5 Render 2.7 represents a significant leap forward in real-time visualization, empowering designers to bring their creative visions to life with unparalleled ease, efficiency, and realism. With its cutting-edge AI and PCG capabilities, this release sets a new standard in the architectural visualization industry.
The artificial intelligence (AI) rendering market covered in this report is segmented –
1) By Offering: Software, Services
2) By Deployment Mode: Cloud-Based, On-Premise
3) By Application: Architecture, Gaming, Visual Effects, Product Design, Advertising, Virtual Reality (VR), Augmented Reality (AR)
4) By End-User: Designers, Architects, Animators, Game Developers, Advertisers
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Regional Insights –
Asia-Pacific was the largest region in the artificial intelligence (AI) rendering market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) rendering market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the artificial intelligence (AI) rendering market are Intel Corporation, NVIDIA Corporation, Adobe Inc., Autodesk Inc., Unity Technologies, Epic Games Inc., Bentley Systems Incorporated, Pixar Animation Studios, SideFX Software, SketchUp Inc., Chaos Group, Blender Foundation, Daz 3D Inc., Corona Renderer, Renderosity, OTOY Inc., cebas Visual Technology, Artisto, DeepArt, Bunkspeed, Lumion, Anima, Redshift Rendering Technologies
Table of Contents
1. Executive Summary
2. Artificial Intelligence (AI) Rendering Market Report Structure
3. Artificial Intelligence (AI) Rendering Market Trends And Strategies
4. Artificial Intelligence (AI) Rendering Market – Macro Economic Scenario
5. Artificial Intelligence (AI) Rendering Market Size And Growth
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27. Artificial Intelligence (AI) Rendering Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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