Seattle, WA -- (SBWIRE) -- 02/14/2020 -- 3D/4D technologies are gaining widespread acclaim with their increased application in manufacturing, entertainment and healthcare sectors. They may be utilized for industrial, consumer, governmental or other applications. Over the past few years 3D technology has gained popularity among the masses due to the significant increase in number of 3D movies that are released. This is one of the drivers for the market as 3D cinema has garnered the consumer's attention leading to increased demand for 3D television. Another addition to the entrainment sector is 4D cinema which is rapidly gaining demand. Application in allied segments, higher investments in research and development are expected to boost market growth. Restraints, however, can be attributed to lack of awareness and acceptance, high cost of technology and limited options.
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The 3D 4D Technology Market is highly competitive and is currently dominated by a few players in their respective industries with their technological expertise. The global market is expected to be consolidated in nature, and the major players with a prominent share in the market are focusing on expanding their customer base across foreign countries by leveraging on strategic collaborative initiatives to increase their market share and their profitability. 3D Systems Corporation, Dolby Laboratories, Inc., LG Electronics Inc., Barco N.V., Samsung Electronics Co., Ltd., Autodesk, Inc., Stratus's, Inc., Panasonic Corporation, and Sony Corporation are some of the major players present in the current market.
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Based on the region, the global 3d & 4d Technology market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America dominated the global web hosting market in 2018 with the largest share followed by Europe and the Asia Pacific. High penetration of internet and the presence of well-established infrastructure are factors responsible for the high share of North America in 3d & 4d Technology market.
The Asia Pacific with growing industrialization and increased emergence of small and medium enterprises in countries such as India, China, and Japan has led to increasing demand for 3d & 4d Technology leading to higher growth of the market as compared to other regions.
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