Technical Illustration Software Market Size Analysis and Forecast by Type and Application, Top key players

(AmericaNewsHour via Comtex)

Global Technical Illustration Software Market is valued approximately USD 3.6 billion in 2018 and is anticipated to grow with a healthy growth rateCAGR of more than 6.2 % over the forecast period 2019-2026. Technical illustration software is used for design and illustration functions. The software aids designers to draw 2D as well as 3D designs. Technical illustration software is a part of Product Lifecycle Management (PLM). Vendors operating in this market either provide standalone illustration software or offer illustration software as a part of CAD and PLM software. Technical illustration software helps designers and illustrators to efficiently draw and design goods for prototyping purposes. Further, changing entrepreneurial ecosystem of various verticals, and the increasing demand for more realistic games with rich graphics and animation is driving big gaming enterprises to develop new games with superior graphics and features. This, in turn, is playing a critical role in augmenting the technical illustration software industry. Also, increased demand for SaaS-based travel and expense management software and pricing strategies of vendors is expected to fuel the demand for Technical Illustration Software.

Request To Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10163620

In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years. According to the statistics by GSMA Intelligence, total cellular connections worldwide as of May 2020 was recorded to 10,18 billion.

As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.

The regional analysis of global Technical Illustration Software market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share in terms of revenue owing to the booming digitalization across industries and surging demand for graphics software by businesses. The manufacturing industry in North America is also a huge user 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. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as new project initiations particularly in the manufacturing and automotive sector are expected to drive the market. Moreover, many independent illustrators and designers are working as freelancers in these regions, giving a further push to the market.

Major market player included in this report are:
Adobe (US)
PTC (US)
Lattice Technology (Japan)
QuadriSpace (US)
Corel (Canada)
Canvas GFX (US)
Cyient (India)
Ignite Technologies (US)
Dassault Systemes (France)
Autodesk (US)
Siemens (Germany)
SAP (Germany)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Solution
Services
By Organization Size:
Large Enterprises
Small and Medium-Sized Enterprises
By Vertical:
Automotive & Machinery
Aerospace & Defense
Architecture, Engineering & Construction
High-Tech & Telecommunications
Energy, Oil & Gas
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2016, 2017
Base year - 2018
Forecast period - 2019 to 2026

Request To Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10163620

Target Audience of the Global Technical Illustration Software Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investor

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. Technical Illustration Software Market, by Region, 2017-2026 (USD Billion)
1.2.2. Technical Illustration Software Market, by Components, 2017-2026 (USD Billion)
1.2.3. Technical Illustration Software Market, by Organization, 2017-2026 (USD Billion)
1.2.4. Technical Illustration Software Market, by Vertical, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Technical Illustration Software Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Vertical Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Technical Illustration Software Market Dynamics
3.1. Technical Illustration Software Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Technical Illustration Software Market Vertical Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Technical Illustration Software Market, by Component
5.1. Market Snapshot
5.2. Global Technical Illustration Software Market by Component, Performance - Potential Analysis
5.3. Global Technical Illustration Software Market Estimates & Forecasts by Component 2016-2026 (USD Billion)
5.4. Technical Illustration Software Market, Sub Segment Analysis
5.4.1. Solutions
5.4.2. Services
Chapter 6. Global Technical Illustration Software Market, by Organization
6.1. Market Snapshot
6.2. Global Technical Illustration Software Market by Organization, Performance - Potential Analysis
6.3. Global Technical Illustration Software Market Estimates & Forecasts by Organization 2016-2026 (USD Billion)
6.4. Technical Illustration Software Market, Sub Segment Analysis
6.4.1. Large Enterprises
6.4.2. Small and Medium-Sized Enterprises
Chapter 7. Global Technical Illustration Software Market, by Vertical
7.1. Market Snapshot
7.2. Global Technical Illustration Software Market by Vertical, Performance - Potential Analysis
7.3. Global Technical Illustration Software Market Estimates & Forecasts by Vertical 2016-2026 (USD Billion)
7.4. Technical Illustration Software Market, Sub Segment Analysis

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Kenneth Research
Email: [email protected]
Phone: +1 313 462 0609

The post Technical Illustration Software Market Size Analysis and Forecast by Type and Application, Top key players appeared first on America News Hour.

comtex tracking

COMTEX_390246548/2606/2021-07-22T11:22:11