3D Mapping and Modelling Market Study at 14.8% CAGR to Outstrip $12,146.23 Million by 2028

The Insight Partners published latest research study on “3D Mapping and Modelling Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Deployment Mode ( Cloud and On-premises), Organization Size (SMEs and Large Enterprises), Component (Software Tools and Services), 3D Mapping Application (Inspection and Measurement, Object Reconstruction, Projection and Navigation, Reporting and Virtualization, and Other 3D Mapping Applications), 3D Modelling Application (Product Marketing, Animation and Movies, Gaming and Designing, Architectural Rendering, and Other 3D Modelling Applications), and Vertical (Retail and Consumer Goods, Engineering and Construction, Healthcare and Life Sciences, Transportation and Logistics, Government and Defense, Energy and Utilities, Media and Entertainment, Manufacturing, and Other Verticals),” the global 3D mapping and modelling market growth is driven by the rising demand for 3d animation, continuous technological advancements in 3D mapping and modelling tools, rising adoption of visual effects (VFX) in the entertainment industry.

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3D Mapping and Modelling Market: Competitive Landscape and Key Developments

Autodesk; Saab AB; Golden Software; Trimble; Bentley Systems; Alphabet; Intermap Technologies; Airbus; Esri; CyberCity 3D; Topcon; Dassault Systèmes; Adobe; Pix4D; Pixologic; Flight Evolved; MAXON; Onionlab; The Foundry Visionmongers; Mitsubishi Electric; Apple; WRLD; GeoDigital; GeoSLAM; Mapbox; DeepMap; Civil Maps; Hivemapper; Shapr3D; Innersight; Astrivis; Pointivo; and Dynamic Map Platform are among the key players that are profiled during the 3D mapping and modelling market study. In addition to these players, several other essential market players were also studied and analyzed to get a holistic view of the global 3D mapping and modelling market and its ecosystem.

In 2020, Pix4D SA announced the Pix4Dcloud mapping platform for site monitoring and online survey workflows to offer better functionality.

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Cloud computing has been driving the transformation of modern workplaces in all major industry verticals, such as retail, construction, manufacturing, logistics, media, and entertainment, by enhancing security and delivering high scalability and flexibility, thus, accelerating the development of innovative solutions and services for improved end user experience. In addition to this, cloud-based solutions also facilitate easy scalability, lower operating costs, high operational flexibility, faster visibility, and updates to enterprises while reducing costs and operational risks. The continuously evolving cloud architectures and integration of advanced features in cloud solutions are further fueling the uptake of these solutions in diverse end-use industries. For instance, Dassault Systemes continues to market SOLIDWORKS xDesign, its flagship cloud solution, while Autodesk’s Fusion360 is the fourth most popular 3D CAD system. Siemens also continues to promote their solid cloud CAD tool named Solid Edge.

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The huge investments are being made in VR technology, used in gaming, advertising, and home entertainment. Animators are using VR technology to produce similar effects. 3D mapping and modelling market sellers are seeing a rise in demand due to increased work on more complicated animals and creating more engaging virtual environments. Both visual effects and virtual reality are primarily concerned with developing a new environment that may astonish spectators. Studios are increasing their tools for creating virtual production, which is also a significant asset of virtual reality, using real-time graphics, motion capture, real-time facial capture, and camera tracking techniques. Virtual reality is becoming increasingly important to most visual effects firms. As virtual reality technology advances, more user-friendly interfaces are expected in the near future. Their usage and application will become more common and surely be of higher quality. VR and other extended reality (XR) technologies will undoubtedly make significant advances in animation during the next several years. Thus, the emergence of virtual reality technology is likely to open up significant prospects in the 3D mapping and modelling market growth over the forecast period.

In Europe, the UK, Italy, Russia, France, and Germany faced the worst impact of COVID-19. The region went through a severe financial crisis as businesses either had to reduce their activities substantially or suspend their operations. Due to travel bans, lockdowns, and supply chain disruptions, the region saw an economic slowdown in 2021. Moreover, the pandemic resulted in the closure of many tech giants and various industrial sectors, which obstructed companies’ investment decisions in different software and impacted the 3D mapping and modelling market growth in Europe.

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Rising Uptake of Visual Effects (VFX) in Entertainment Industry to Boost 3D Mapping and Modelling Market:

Technological advancements have boosted visual effects (VFX) in big-budget and independent movies. With the increasing use of VFX in movies and TV shows, video games, and marketing, the entertainment industry has revolutionized to a whole new level. The growing interest in media and entertainment industry players concerning VFX is the primary driving factor for the 3D mapping and modelling market growth.

Over the last few decades, VFX has radically changed the media and entertainment industries. VFX was first deployed in movies, but the television business is now adapting it to enrich the plot and creative vision and transmit the intended notion to the viewer. Many filmmakers are seeking high-quality movies with engaging visual effects and realistic animations in response to worldwide consumers’ need for engaging high-definition visual experiences. Several studios are currently integrating more animation and VFX shots to meet filmmakers’ wishes.

3D Mapping and Modelling Market: Sector Overview

Based on component, the 3D mapping and modelling market has been segmented into software tools and services. The software tools segment held the largest market share in 2021. The software tools allow individuals to generate 3D maps and models. Due to the increasing uptake of animated content and 3D software tools and the growing gaming industry, 3D maps and models are experiencing significant adoption across various industries. Further, the deployment of visual content for marketing and promotional activities is among the other factors boosting the 3D mapping and modelling market.

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