Mill Valley, CA — Jon Peddie Associates (JPA), the leading market research firm covering the digital media, convergence, software, and workstation graphics markets, released the findings from their newest market study, entitled 3D Visualization & Simulation – part of the Software Tools & Applications Series. This study provides five-year forecasts along with analyses and insight into the market for tools and platforms used to create and operate 3D visualization and simulation content and applications.
JPA forecasts that this market will triple in size over the next five years – growing from an estimated $8.1 billion at the end of 2000 to $24.8 billion by the year 2005, as shown in the following table. Key drivers of this immense growth include the continued shift to the more cost-effective computing platforms such as Microsoft’s Windows NT, the growth of off-the-shelf 3D visualization packages, and the emergence of new 3D VizSim sectors such as enterprise visualization.
“The requirement for 3D VizSim techniques has existed for more than three decades, but until recently these applications have been confined to those who could afford the technologies necessary to make them truly useful,” said Michael Arrington, director of Software Research. “Over the past five years we’ve seen the emergence of more cost-effective tools for 3D VizSim and this has led to the rapid migration of beneficial applications from the lab to the desktop. This has opened up visualization techniques to a much larger group of users across a multitude of industries.”
While market segments such as defense and government, design and engineering, and medical and scientific – the original pioneers of 3D VizSim – will continue to see strong growth over the next five years, JPA expects the industry and business (I&B) segment to lead the pack in terms of annual growth. While I&B contains the oil & gas and mining sectors, both heavy users of 3D VizSim, it also contains the expanding financial services sector and the emerging enterprise visualization sector. As businesses enter the 21st century the volume of data they encounter daily continues to skyrocket, driving a need for managers and executives to find better tools for information management and decision analysis – and these groups are finding 3D VizSim an increasingly necessary, and sometimes indispensable, tool to accomplish their goals.
JPA’s 3D Visualization & Simulation market study provides five-year forecasts along with analyses and insight into the market for tools and platforms used to create and operate visualization and simulation content and applications. This report includes comprehensive analysis of the factors that will drive and inhibit the market over the next several years.
Market segments covered range from defense and government, design and engineering, industry and business, to medical and scientific. Also included is a comprehensive discussion of visualization and simulation technologies covering workstations and platforms, graphics hardware, display hardware, input devices, and software tools. Visit http://www.penton.com for more information.