Graphics
are used to represent real world objects in the form of images or
visuals. Computer graphics majorly involves the images which are
displayed on screen and manipulation and creation of graphics by
computer. Computer graphics images can be either 2-dimensional or
3-dimensional. In early days, computer graphic systems were able to
display only 2-dimensional images due to lack of the advance
technology and availability of high speed internet. Currently,
technological advancements and innovations in graphics field are
driving this market. Apart from the basic requirements of computer,
special purpose devices and software are required for this graphics.
As the adoption of 3-dimensional imagery technology increased in last
few years, many business and industries started using these graphics
technology to promote their products and brand, resulting into the
improved demand for computer graphics market. Many industries and
sectors such as defense, automobile, aerospace and others have
adopted and implemented high-end graphics software in order to design
new products with more effectiveness and efficiency.
High
penetration of internet and smart mobile across the globe, booming
entertainment industry and increasing demand for graphics software in
business process are some of the driving factors for computer
graphics market. As the penetration of high speed internet is
increasing across the globe the demand for online gaming with high
resolution and graphics is increasing, ultimately resulting into the
improved demand for computer graphics market. The entertainment
industry is undergoing transformation and new video format with 4K
and 8K are being adopted. Thus, editing and formatting of such high
resolution video formats require high end computer graphics systems,
fueling the demand for global computer graphics market. Concentrated
consumer base and high price sensitivity are some of the challenges
for computer graphics. 4D technology and cloud based subscription are
potential opportunities for the players in computer graphics market.
The software industry is witnessing transformation of shipment from
proprietary software to cloud based subscription software. Thus,
cloud based subscription can pose an opportunity for graphics vendors
in the coming years.
Computer
Graphics market is segmented on the basis of software, service,
end-users, verticals and geography. On the basis of software for
which the graphics facility is required computer graphics market is
segmented into computer aided design (CAD) / (computer aided
manufacturing) CAM, visualization and simulation software, Digital
Video editing software, imaging software, modeling software and
animation software, among others. Further on the basis of services
provided by computer graphics the market is segmented into
consulting, training and support and integration. Small and medium
business and enterprises are the two major segments of computer
graphics market on the basis of end-user. On the basis of verticals
computer graphics market is segmented into aerospace and defense,
healthcare, automobile industry, entertainment and advertising,
education and academia, manufacturing, building, architecture and
construction, among others.
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