The global architectural rendering software market size is poised to grow by USD 787.72 million during 2020-2024, progressing at a CAGR of almost 24% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Architectural Rendering Software Market 2020-2024 (Graphic: Business Wire)
The market is witnessing an increase in the demand for architectural rendering software from emerging markets such as India, China, Indonesia, and the Philippines. This can be attributed to the growing focus on the construction of innovative building structures, which has created the need for highly realistic 3D architectural rendering software. In addition, the growth in the urban population in these countries has attracted significant investments in residential and commercial building projects. This has further fueled the growth of the global architectural rendering software market.
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Rising need to improve the quality of construction will be a Key Market Trend
The growing competition in the construction industry has led many architecture and design firms to adopt various strategies to stay competitive in the market. Besides, evolving demands from buyers is compelling architecture firms to come up with innovative and unique ideas, renderings, and models. In addition, the need to eliminate the chances of defects during the design phase has necessitated the use of efficient architectural rendering software. Architectural rendering software allows engineers and architects to assess the quality of building elements during the design phase and take preventive actions, thus reducing the number of repair works during the construction phase. Therefore, the rising need to improve the quality of construction is expected to have a positive impact on the growth of the global architectural rendering software market during the forecast period.
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Architectural Rendering Software Market 2020-2024: Key Highlights
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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