Rise indemand for 3D mapping and modeling solutions among various industries is a major factor expected to drive the market growth. Advent of 3D enabled display devices and proliferation of 3D content are among some of the major driving factors expected to boost the 3D mapping market growing in the near future. However, dearth of professionals that can handle 3D technologies can hamper the growth of market to a certain extent. Contrarily, high definition 3D viewing user experience is an opportunistic factor for the global market in the coming years.
More and more young people in Asia-Pacific countries like India, Bhutan and Bangladesh are unemployed due to a lack of knowledge of new technology and proper guidance. For instance, according to India Today, more than 80 % of Indian engineers are unemployed due to lack of advanced technology skills and basic training. In addition, it is also mentioned that only 3% of engineers have skills and knowledge in the fields of artificial intelligence, data science, mobile development and machine learning. Therefore, lack of skilled professional employees hinder the growth of the 3D mapping market.
3D technology is widely used in vertical people in various industries to meet the growing demand for emerging animated applications such as 3D mapping, size analysis and 3D modeling. This in turn has propelled the development of 3D mapping software that can gauge shapes in real-time. Thus, rise indemand for 3D technology among various industries is a major factor expected to drive the 3D mapping market growth during the forecast period.
Major industry players such as – Autodesk Inc., Apple Inc., Airbus DS GmbH, Blender.org, Bentley Systems Incorporated, Lightwave 3D, MAXON Computer, NewTek Inc., Pixologic Inc., and Softree Technical Systems Inc
Regions covered – North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and Middle East and Africa
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Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.
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