DUBLIN, Oct. 9, 2019 /PRNewswire/ -- The "Technical Illustration Software Market by Type, Technology, Component (Solution, Services), Organization Size, End-User (Automotive & Machinery, Aerospace & Defense, High-Tech & Telecommunications), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
- This report provides the market leaders/new entrants in the technical illustration software market, information on the closest approximations of the revenue numbers for the overall market and sub-segments.
- The report also helps stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
- It also helps stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
The Global Technical Illustration Software Market Size to Grow from US$ 3.8 Billion in 2019 to US$ 5.1 Billion by 2024, at a CAGR of 6.2%.
The global market is expected to have significant growth potential, due to the changing entrepreneurial ecosystem of various verticals, and the increasing demand for more realistic games with rich graphics and animation is driving big gaming companies to develop new games with enhanced graphics and features. However, increasing competition in the technical illustration software may limit market growth.
Major vendors in the global technical illustration software market include Adobe (US), PTC (US), Lattice Technology (Japan), QuadriSpace (US), Corel (Canada), Canvas GFX, (US), Cyient (India), Ignite Technologies (US), Dassault Systmes (France), Autodesk (US), Siemens (Germany), and SAP (Germany).
Solution segment to lead the technical illustration software market in 2019
The solution segment is expected to gain traction across all regions during the forecast period, as the technical illustration software designs and creates visual representations for the products and services of any organization. Further, the visual representations are used in technical publications and manuals, which enable organizations to make their brand stand out and look unique. Technical illustration software provides users with many features needed to design perfect technical illustrations for their products.
Managed services to grow at the highest growth rate during the forecast period
Managed services play a significant role, as they are client-specific and help streamline clients' business processes. Managed Service Providers (MSPs) take care of all hardware and software functions, while organizations are only responsible for updating and installing business applications. All the pre- and post-deployment questions and needs of clients are taken care of by managed services. Organizations mostly outsource such services, so that they can focus on their core business functions and increase their efficiency.
The High-tech and telecommunications to grow at the highest growth rate during the forecast period
The high-tech and telecommunications industry comprises enterprises working in various fields, including semiconductor, telecommunications, computing and network, technology suppliers, security, control and instrumentation, contract manufacturing services, Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs)/Electronics Manufacturing Service (EMS), and white goods. High-tech goods include control and telecommunication systems and consumer goods.
In today's highly competitive global market, organizations working in the high-tech and telecommunications industry are not only offering more products to consumers but also driving a greater vision to transform the way people live and utilize these products. This end user is fast-paced, innovative, complex, and highly competitive. Technical illustration software is used worldwide by high-tech and telecommunications enterprises to create compelling technical illustrations.
North America to lead the technical illustration software market in 2019
North America leads in the adoption of the technical illustration software and provides excellent opportunities for growth of the technical illustrations software market. North America has always been an early adopter of new technology or software, and the North American market grows at a faster rate initially as compared to any other region.
The booming digitalization across industries is driving the demand for technical illustration software in North America along with surging demand for graphics software by businesses. The manufacturing industry in North America is also a great consumer of the Computer-Aided Design/Computer-Aided Engineering (CAD/CAE) software for designing composite styles, optimizing production line, and manufacturing complex parts and associated ancillaries.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Technical Illustration Software Market
4.2 Global Technical Illustration Software Market: Market Share of Components and Top 2 Regions
4.3 Technical Illustration Software Market, By Region
4.4 Technical Illustration Software Market: Investment Scenario
5 Market Overview and Industry Trends
5.2 Market Dynamics
220.127.116.11 Changing Entrepreneurial Ecosystem of Various Verticals
18.104.22.168 Booming Entertainment Vertical
22.214.171.124 Increasing Competition in the Technical Illustration Software Market space
126.96.36.199 Emerging Opportunities Within Medical and Fashion Verticals
188.8.131.52 Lack of Skilled Professionals for Technical Illustration Software
5.3 Use Cases
5.3.1 Use Case: Adobe
5.3.2 Use Case: CorelDraw
5.4 Impact of Disruptive Technologies
5.4.1 Artificial Intelligence
5.4.2 Internet of Things
6 Technical Illustration Software Market, By Type
7 Technical Illustration Software Market, By Technology
7.2 2D Technology
7.3 3D Technology
8 Technical Illustration Software Market, By Component
8.2.1 Technical Illustration Software Enables Enterprises to Design Perfect Technical Illustrations for Products
8.3.1 Professional Services
184.108.40.206 From Advisory and Process Consulting to Implementation and Support, Professional Service Experts Ensure Users Get Superior Value for Technology Investments
8.3.2 Managed Services
220.127.116.11 Managed Services Focus on Improving Business Operations and Reducing Unnecessary Expenses and Overheads
9 Technical Illustration Software Market, By Organization Size
9.2 Large Enterprises
9.2.1 Increasing Adoption of Technical Illustration Software and Associated Services Among Large Enterprises to Drive the Market Growth
9.3 Small and Medium-Sized Enterprises
9.3.1 Adaptability of New Technologies to Drive the Deployment of Technical Illustration Software Among Small and Medium-Sized Enterprises
10 Technical Illustration Software Market, By End User
10.2 High-Tech and Telecommunications
10.2.1 Technical Illustration Software Being Used Worldwide By High-Tech and Telecommunications Enterprises to Create Effective Technical Illustrations
10.3 Aerospace and Defense
10.3.1 Increasing Cgi Content, 3D Graphics, and Animation in Military, Aerospace, and Naval Forces to Drive the Adoption of Technical Illustration Software
10.4 Automotive and Machinery
10.4.1 Increasing Need to Significantly Reduce the Production Time and Enhance the Overall Manufacturing Efficiency to Drive the Technical Illustration Software Demand in Automotive and Machinery Industry
10.5 Architecture, Engineering, and Construction
10.5.1 Technical Illustration Software Offers the Ability to Clearly Communicate and Create Standard Planning Diagrams for Architects and Build Clear Picture of Projection Phase
10.6 Energy, Oil, and Gas
10.6.1 Growing Need for Creating Innovative and Precise Designs to Drive the Adoption of Technical Illustration Software Among Energy, Oil and Gas Companies
11 Technical Illustration Software Market, By Region
11.2 North America
11.2.1 United States
18.104.22.168 Need for High-Quality Products and Growth in Operational Efficiency Leads to Maximum Adoption of Technical Illustration Software in the US
22.214.171.124 Enterprises in Canada are Adopting High-End Software Owing to Benefits of Cutting-Edge Technologies for Enhancing and Optimizing Production
11.3.1 United Kingdom
126.96.36.199 Need for Improving the Efficiency of Machines to Drive the Adoption of Technical Illustration Software Market in the UK
188.8.131.52 Increasing Investments of German Government in Industrial Automation to Drive the Technical Illustration Software Market
11.3.3 Rest of Europe
11.4 Asia Pacific
184.108.40.206 Adoption of Industrial Automation in China is Increasing the Growth of Technical Illustration Software Market
220.127.116.11 Japanese Government Initiatives to Explore Advanced Technology for Maintaining Competitive Edge in the Market to Drive the Technical Illustration Software Market
11.4.3 Rest of Asia Pacific
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
18.104.22.168 Rise in the Popularity of Film Festivals and a Growth in the Number of Animation Studios is Driving Technical Illustration Software Market
11.5.2 Rest of Middle East and Africa
11.6 Latin America
22.214.171.124 Significant Growth in 3D Animations for Television to Drive the Technical Illustration Software Market in Brazil
11.6.2 Rest of Latin America
12 Competitive Landscape
12.2 Competitive Leadership Mapping
12.2.1 Visionary Leaders
12.2.2 Dynamic Differentiators
12.2.4 Emerging Companies
12.3 Competitive Scenario
12.4 Ranking of Key Players
12.5 Competitive Situation and Trends
12.5.1 New Product Launches
13 Company Profiles
13.2 Lattice Technology
13.5 Adobe Systems
13.7 Canvas GFX
13.10 Dassault Systmes
13.15 Harita Techserv
13.16 The Technical Drawing Company
13.18 Maxam Design
13.19 MAA Illustrations
13.20 Illustration Limited
13.21 NBG Drafting & Design
For more information about this report visit https://www.researchandmarkets.com/r/3csae9
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