Demand for Innovative Technology to Boost the Demand for Computer Graphics Market

The computer graphics market worldwide is set to expand with a CAGR of 7.0% over the estimation period from 2023 to 2030, starting from US$ 197.5 Bn in the year 2021. The demand for new and innovative technologies in the global market is the most prominent aspect driving the computer graphics market. Computer graphics are the visual representation of data displayed on the monitor or screen.  Thus, they have enhanced the mode of communication between computers and users. Further, the increase in demand for digitalization in corporate and rising awareness towards benefits for the same shall back the demand in the market. Thus, we estimate that the computer graphics market will show significant growth over the forecast period.

Hardware Segment will led the Market

In the previous year, global computer graphics market was segmented into application and hardware sub-segments. Hardware enables to pin the different applications of computer graphics along with associated tools and technologies. Hardware includes various critical components like graphic cards, graphic processing units, storage, RAM, 3D scanners, etc. Backed by the expensiveness of these critical components, the hardware sub-segment shall continue to lead the computer graphics market. Thus, we expect that the hardware segment will show dominance during the forecast period 2023-2030.

North America will led the Market

In 2021, North America led the computer graphics market. North America accounts for more than 2/5th of the market share in 2020. Asia Pacific has its dominance due to largest manufacturing hub for smartphones, tablets and other smart devices. Owing to presence of various local and regional manufacturers and developers of software and hardware, the computer graphics market shall flourish in the Asia Pacific region. Further, outsourced work from North America shall back the growth of the computer graphics market in emerging economies of India and China.  As a result, we expect that Asia Pacific region will grow at a significant pace throughout the forecast period.

Some of the prominent players operating in the computer graphics market  Microsoft Corporation, Intel Corporation, Advanced Micro Devices (AMD), Inc., ARM Ltd., Adobe Systems Ltd., Imagination Technologies Limited, Sony Corporation, Nvidia Corporation, Siemens PLM Software, Autodesk Inc. and Dassault Systèmes SA. among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Computer Graphics market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Computer Graphics market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Computer Graphics market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Computer Graphics market?
• Which is the largest regional market for Computer Graphics market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Computer Graphics market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Computer Graphics market worldwide?