Benzinga

The development of 3D technologies in the US market: Studio57 forecasts a 20% revenue increase

Studio57 aims to increase its revenue in the US market by 20% in 2024 through the use of cutting-edge 3D visualization technology. The company’s use of Unreal Engine streamlines the creation of photorealistic renders and virtual reality products enhancing client projects in architecture and real estate. Studio57’s strategic focus on innovative 3D tools and services aligns with the growing market demands and underscores its commitment to industry-leading advancements.

London, United Kingdom, 30th Jul 2024 – The US 3D technology market participants are demonstrating rapid development in 2024. With significant influence on numerous related industries companies are transforming their internal structures and offering new efficient solutions.

In these circumstances, following trends becomes an obvious condition for improving performance. Key trends include the need for realistic and accurate renders, demand for virtual reality, advancement in 3D scanning technologies and the use of advanced software tools.

Integrating innovative methods and approaches in related sectors shapes the agenda for every market participant from medium-sized 3D visualization studios to large developers like Adobe. Highlighting the global nature of the dynamically evolving 3D industry the Studio57 team represented in the US market also contributes to its development.

The London-based 3D visualization studio specializes not only in creating realistic architectural projects presented in the portfolio as visualizations of virtual tours of interiors/exteriors and architectural animations.

Using the popular Unreal Engine, their 3D artists create photorealistic renders of yachts (the growth of this market is estimated to reach $12,965.43 million by 2032) and even entire “office” worlds in the metaverse (expected to reach $74.4 billion by the end of 2024). Utilizing the real-time engine, Studio57 offers revolutionary visualization and processing methods for both individual 3D models and entire 3D scenes, eliminating unnecessary iterations in project development and accelerating the overall workflow.

By immersing clients in virtual reality, Studio57 reduces any risks before the construction of residential and commercial real estate begins. The company has long declared its intentions to assist individual designers and entire real estate agencies (the US real estate market size is projected to reach $3,778.0 million by 2030, with a compound annual growth rate of 2.6%).

In the new year of 2024, Studio57 does not plan to rest on its laurels and aims to strengthen its position by increasing the company’s revenue by 20% in the US market:

“We are witnessing a tremendous surge in demand for our 3D visualization services in the US market. According to data from MarketsandMarkets, the compound annual growth rate of 12.9% from 2024 to 2029 aligns closely with our expectations. This indicator is the main driver for achieving our ambitious goals. We aim for a 20% increase in company revenue in 2024!

The main demand continues to come from the architecture and construction sectors, for which we use 3D visualization tools to showcase all project advantages to clients in detail. We are proud that our advanced technologies find applications in various fields needing advertising and promotion of individual products. By meeting our clients’ needs we solve specific business challenges with 3D technologies.

“Studio57 is ready to expand its capabilities in the US market sharing the experience of a large team that implements innovative development methods and enhances productivity and process accuracy every day. We want to become part of this dynamic field proving its global significance and prospects” 

– noted Alexander Kasperovich, CEO of Studio57.

Media Contact

Organization: Studio57

Contact Person: Alex Kasperovich

Website: https://interior57.com/

Email: Send Email

Contact Number: +447458038693

Address: 85 Great Portland Street

City: London

Country: United Kingdom

Release Id: 30072414991