The computer graphics market is expected to reach US$212.418 billion by the end of 2023, increasing from US$151.206 billion in 2017, growing at a CAGR of 5.83% during the forecast period.
Growing internet penetration and mushrooming smartphone users worldwide is augmenting the demand for high-resolution games and graphics, thereby positively impacting the global computer graphics market growth. The demand for computer graphics solutions is also strongly driven by robust growth of IT industry leading to growing adoption and applications of the web.
Moreover, booming media and entertainment industry are also fueling the demand for high-end computer graphics software solutions. The automotive industry is also making use of computer graphics for car body design and other relevant applications.
Rising investments by enterprises in 4D technology and escalating demand for cloud-based subscription is creating significant opportunities for the expansion of the global computer graphics market in the forthcoming years. However, factor such as concentrated consumer base will hinder the market growth during the forecast period.
Major industry players profiled as part of the report are Adobe Systems, NVIDIA Corporation, Autodesk, Mentor Graphics, Pixar, and Artomatix among others.