You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

DUBLIN--(BUSINESS WIRE)--The "Global Visualization & 3D Rendering Software Market By Component, By Application, By Deployment Type, By End User, By Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering. The Global Visualization and 3D Rendering Software Market size is expected to reach $5.6 billion by 2026, rising at a market growth of 24.5% CAGR during the forecast period. The process of creating an image based on 3D data that is stored in a computer program is known as Visualization and 3D rendering. Most of the events like exhibitions, conferences, and presentations utilize 3D rendering for demonstration. Moreover, the software provides various advantages like real-time insights, enhanced processing, and a user-friendly renderer interface that drives its demand among the end-users. The main motive of using visualization & 3D rendering software is to generate a visual interface that helps the creators, developers, and customers to better understand the project. The rising demand for virtual modeling & building design and increasing demand for architecture planning in order to create smart cities is expected to boost the growth of the visualization and 3D rendering software market during the forecast years. Moreover, the increasing demand for real-time rendering & quick decision-making abilities are positively affecting the growth of the market. Although, the growth of the Visualization & 3D rendering software market is expected to be hampered by the factors such as the lower demand for 3D rendering software in developing countries, the absence of IT infrastructure, and the increasing privacy issues along with the absence of proper security. The market of visualization & 3D rendering software has recorded a notable growth rate in the last few years. Though, the market witnessed abrupt decline due to the outbreak of COVID-19 pandemic in 2020. This downfall was witnessed due to the lockdown and the travel ban imposed by many governments across the world to contain the spread of the virus. Companies Profiled Unique Offerings from the Publisher Key Topics Covered: Chapter 1. Market Scope & Methodology Chapter 2. Market Overview 2.1 Introduction 2.1.1 Overview 2.1.2 Market Composition and Scenario 2.2 Key Factors Impacting the Market 2.2.1 Market Drivers 2.2.2 Market Restraints Chapter 3. Competition Analysis - Global 3.1 Cardinal Matrix 3.2 Recent Industry Wide Strategic Developments 3.2.1 Partnerships, Collaborations and Agreements 3.2.2 Product Launches and Product Expansions 3.2.3 Acquisition and Mergers 3.3 Top Winning Strategies 3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020) Chapter 4. Global Visualization & 3D Rendering Software Market by Component 4.1 Global Visualization & 3D Rendering Software Standalone Market by Region 4.2 Global Visualization & 3D Rendering Software Plugin Market by Region Chapter 5. Global Visualization & 3D Rendering Software Market by Application 5.1 Global Visualization & 3D Rendering Software Architectural & Visualization Market by Region 5.2 Global Visualization & 3D Rendering Software Marketing & Advertisement Market by Region 5.3 Global Visualization & 3D Rendering Software Research & Training Market by Region 5.4 Global Visualization & 3D Rendering Software Gaming Market by Region 5.5 Global Other Application Visualization & 3D Rendering Software Market by Region Chapter 6. Global Visualization & 3D Rendering Software Market by Deployment Type 6.1 Global On-premise Visualization & 3D Rendering Software Market by Region 6.2 Global Cloud Visualization & 3D Rendering Software Market by Region Chapter 7. Global Visualization & 3D Rendering Software Market by End User 7.1 Global Construction & Real Estate Visualization & 3D Rendering Software Market by Region 7.2 Global Media & Entertainment Visualization & 3D Rendering Software Market by Region 7.3 Global Education Visualization & 3D Rendering Software Market by Region 7.4 Global Energy & Utilities Visualization & 3D Rendering Software Market by Region 7.5 Global Healthcare & Life Sciences Visualization & 3D Rendering Software Market by Region 7.6 Global Others Visualization & 3D Rendering Software Market by Region Chapter 8. Global Visualization & 3D Rendering Software Market by Region 8.1 North America Visualization & 3D Rendering Software Market 8.2 Europe Visualization & 3D Rendering Software Market 8.3 Asia Pacific Visualization & 3D Rendering Software Market 8.4 LAMEA Visualization & 3D Rendering Software Market Chapter 9. Company Profiles For more information about this report visit https://www.researchandmarkets.com/r/vwow99

Answer: Worldwide Visualization & 3D Rendering Software Industry to 2026 - Players Include Autodesk, Adobe and Siemens Among Others - ResearchAndMarkets.com