The Design, Editing and Rendering Software Publishing industry comprises companies that create software programs for professionals in the fields of graphic design, architecture and video game production, among other applications.
Industry revenue is expected to increase at an annualized rate of 4.6% to $12.3 billion over the five years to 2020.
The adoption of new technology, such as 3D printers, by larger manufacturers and niche hobbyists has spurred demand for computer-aided design (CAD) software during the period.
Furthermore, rapidly increasing private investment in software has benefited industry operators over the past five years.
However, industry revenue is expected to decline 1.9% in 2020, due to constrained private investment in computers and software amid the COVID-19 (coronavirus) pandemic this year.