Graphics Software (Global Market)

Chronicle

2023: The global CGI software market grew 17% to $108.74 billion

At the end of 2023, the global market for computer graphics software reached $108.74 billion. For comparison, a year earlier, costs in this area were estimated at $92.62 billion. Thus, growth was recorded at around 17%, as stated in the Market Research Future review, published in mid-August 2024.

It is noted that the industry under consideration is at the stage of recovery, which is due to the development of technologies and the growing introduction of digital content in all areas. The adoption of immersive technologies such as virtual (VR), augmented (AR) and mixed (MR) reality drives the need for quality computer graphics. And this generates additional demand for specialized software products. Another driver of the market is the ubiquity of artificial intelligence and machine learning: such tools allow computers to perform complex tasks, including image recognition and object detection. This leads to new applications related to graphics processing.

In addition, there is a growing demand for specialized CGI software tailored to the needs of specific industries, including healthcare, mechanical engineering and manufacturing. In particular, software for medical imaging and analysis of large volumes of MRI and CT images is becoming more and more popular. Integrating CGI with other in-demand technologies such as cloud computing and virtual reality opens up additional opportunities to expand the market. Computer graphics are widely used in the media industry to create visual content for print, broadcast and online media. Graphics software plays a crucial role in engineering, especially in the design and modeling of products and processes. Such software allows specialists to create accurate digital models of products that can be used for analysis, testing and optimization.

In 2023, the 3D modeling segment accounted for $12.56 billion in total costs. Another $18.4 billion brought animation, $13.84 billion - visual effects. The contribution of tools for augmented and virtual reality is estimated at $5.11 billion and $4.69 billion, respectively.

Among the leading players in the industry are named, Adobe Blackmagic Design,,, Ansys,, Nvidia,, Cray, Autodesk AMD Intel IBM Silicon Graphics International, Foundry,, and Maxon SideFX. HP Large companies are constantly striving to gain a competitive advantage by investing heavily in research and development. The development of the computer graphics market is primarily due to the growing demand for advanced technologies and visualization tools in the fields of entertainment, games, health care and production. Geographically, North America is dominated by the presence of key players, advanced technology infrastructure, and widespread software adoption across industries. The main To Europe contribution is made by countries such as, and. However, Germany Britain France the Asia-Pacific region has experienced steady growth owing to the introduction of CGI in emerging economies, including and. China India

Analysts believe that in the future the industry will develop steadily. The CAGR (compound percentage CAGR) is expected to be 17.4%. As a result, by the 2032nd world costs for software for working with computer graphics will increase to $460.49 billion.^[1]

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