The CG software market will also grow to $11.6 billion

Jul 22, 2010 14:53 GMT  ·  By

2010 definitely seems like it will end with positive results in most, if not all, levels and fields of the IT industry. For instance, the PC market was shown to have risen by 21% in the second quarter of the year, something that bodes well for the second half of 2010. Now, Jon Peddie Research has published a press release in which it sees just as promising a future for the computer graphics market. To be more specific, the graphics hardware market will grow by roughly $4 billion by the end of the ongoing year.

In 2009, the CG software market was worth $11 billion, whereas the hardware market sat at $59 billion. Now that the last vestiges of the economic recession are fading away, CAD/CAM segments will expand and more customers will acquire computer graphics software programs. New designs will also appear in automotive, architecture and aerospace applications, and the market for Visualization will rebound strongly thanks to lower cost technologies.

All in all, JPR believes that the CG software market will grow from $11 billion to $11.6, while the hardware segment will jump from last year's $59 billion to over $63 billion. Growth will be driven by heightened demand for programmers, artists, scientists and designers.

“The demand for programmers, artists, scientists, and designers has picked up again and firms are actively looking for people who can use and exploit these new programs and their associated hardware accelerators. The economic recession has caused a slow down but it's going to look like a small bump in the road by 2013,” the report states.

“We are seeing new opportunities growing out of more mainstream applications for the web and consumer applications. The web is growing as a distribution medium for graphics content which in turn encourages people to pick up the tools, learn then, create content for pleasure, and even look for jobs in the field. What used to be a very closed society of experts is opening up,” the JPR report concludes.