PUBLISHER: The Business Research Company | PRODUCT CODE: 1619442
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619442
Artificial intelligence (AI) rendering refers to the use of artificial intelligence technologies to generate, enhance, or process visual content, such as images or videos. It leverages machine learning and neural networks to automate and improve the process of creating visual content, often resulting in faster production times and higher quality outputs compared to traditional methods.
The main offerings of artificial intelligence (AI) rendering are software and services. Software refers to the computer programs and applications used for artificial intelligence (AI) rendering, including rendering engines, ray tracing libraries, and AI-powered tools for enhancing the rendering process. It can be deployed both on the cloud and on-premise and is applied for architecture, gaming, visual effects, product design, advertising, virtual reality (VR), and augmented reality (AR). It is used by several end users, including designers, architects, animators, game developers, and advertisers.
The artificial intelligence (AI) rendering market research report is one of a series of new reports from The Business Research Company that provides artificial intelligence (AI) rendering market statistics, including artificial intelligence (AI) rendering industry global market size, regional shares, competitors with a artificial intelligence (AI) rendering market share, detailed artificial intelligence (AI) rendering market segments, market trends and opportunities, and any further data you may need to thrive in the artificial intelligence (AI) rendering industry. This artificial intelligence (AI) rendering market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The artificial intelligence (AI) rendering market size has grown exponentially in recent years. It will grow from $1.27 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 25.3%. The growth during the historic period can be attributed to the increasing use of computer graphics in entertainment, advancements in AI for image processing, expansion in the entertainment sector, growing demand for realistic visual effects, and developments in virtual production.
The artificial intelligence (AI) rendering market size is expected to see exponential growth in the next few years. It will grow to $3.95 billion in 2028 at a compound annual growth rate (CAGR) of 25.4%. The growth during the forecast period can be attributed to the increasing popularity and preference for online gaming, a greater need for visually impressive content, heightened reliance on advanced rendering software, rising demand for real-time rendering, and a stronger focus on consumer engagement. Key trends for this period include technological advancements, real-time rendering, cloud-based rendering services, AI integration, and augmented reality.
The growing popularity and preference for online gaming are expected to drive the expansion of the AI rendering market in the future. Online gaming involves playing video games over the internet, either solo or with others, often in real-time and across various digital platforms. The rise in online gaming is fueled by improvements in internet connectivity, the development of advanced gaming platforms, and increased use of AI to enhance gaming experiences. AI rendering is essential for online gaming to improve real-time graphics quality and performance, creating a more immersive and visually engaging experience for players. For example, in February 2022, the Department of Foreign Affairs and Trade, an Australian government agency, reported that the digital games industry generated $226.5 million in revenue in 2021, marking a 22% increase from 2020. The market is projected to reach $294 billion by 2024. Thus, the growing popularity and preference for online gaming are driving the growth of the AI rendering market.
Major companies in the artificial intelligence (AI) rendering market are concentrating on developing advanced technologies, such as 3D rendering and visualization software, to enhance design processes and improve user experiences. 3D rendering and visualization software involves creating high-quality, realistic images or animations of objects and environments using AI-powered algorithms. For example, in April 2024, Dimension 5 Techs, a Canada-based technology company, introduced D5 Render 2.7, a real-time rendering software tailored for architecture. This software aims to streamline workflows for architects, landscape designers, and interior designers by utilizing AI and procedural content generation (PCG). D5 Render 2.7 marks a significant advancement in real-time visualization, enabling designers to realize their creative ideas with exceptional ease, efficiency, and realism. Its advanced AI and PCG features set a new benchmark in the architectural visualization industry.
In May 2024, Autodesk Inc., a US-based software company, acquired Wonder Dynamics for an undisclosed amount. This acquisition allows Autodesk Inc. to integrate 3D animated characters into their projects and narratives, streamline and automate typically complex and time-consuming processes, and significantly reduce the learning curve for users. Wonder Dynamics is a US-based provider specializing in artificial intelligence (AI) rendering.
Major companies operating in the artificial intelligence (AI) rendering market are Intel Corporation, NVIDIA Corporation, Adobe Inc., Autodesk Inc., Unity Technologies, Epic Games Inc., Bentley Systems Incorporated, Pixar Animation Studios, SideFX Software, SketchUp Inc., Chaos Group, Blender Foundation, Daz 3D Inc., Corona Renderer, Renderosity, OTOY Inc., cebas Visual Technology, Artisto, DeepArt, Bunkspeed, Lumion, Anima, Redshift Rendering Technologies
Asia-Pacific was the largest region in the artificial intelligence (AI) rendering market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) rendering market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the artificial intelligence (AI) rendering market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The artificial intelligence (AI) rendering market consists of revenues earned by entities by providing services such as 3D model generation and optimization, real-time rendering, automated animation and photorealistic rendering. The market value includes the value of related goods sold by the service provider or included within the service offering. The artificial intelligence (AI) rendering market also includes sales of AI image enhancement tools, AI style transfer apps, video editing software with AI features and related products. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Artificial Intelligence (AI) Rendering Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on artificial intelligence (AI) rendering market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for artificial intelligence (AI) rendering ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The artificial intelligence (AI) rendering market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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