Growing Demand of 3D Animation to boost the growth for 3D Animation Software Market
The 3D animation software market worldwide is expected to grow with a CAGR of 9.6% during the forecast period from 2019 to 2027, starting from US$ 6.50 Bn in 2018. Rapid technological advancement and growing demand of 3D animation worldwide is the major driving factor for the growth of 3D animation software market. Growing demand for 3D animation across industries such as advertising, gaming, media & entertainment, construction and others. Changing consumer’s preference for animated characters is the other reason for growth of 3D animation software market. As a consequence, we expect that the 3D animation software market will show rapid growth during the forecast period.
Market Synopsis
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Gaming Industry will be the Fastest Growing Segment
The 3D animation software market by application is led by the entertainment & media industry in 2018 and in the same year the entertainment & media industry accounts for nearly 30% of revenue share. Entertainment & media industry has largest share due to wide use of 3D animation software’s for special effects and animated movies in the industry. Gaming industry will be the fastest growing segment owing to major gaming software vendors such as Nintendo, Ubisoft, Sega Games Co. Ltd. and others are developing 3D games. Therefore, we expect that the gaming industry will be the fastest growing segment throughout the forecast period.
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North America will continue leading the Market
North America was the largest value contributor in the 3D animation software market in 2018. North America accounts for over 1/3rd of the market share in the same year. Wide use of 3D animation software for animated films and adoption of advanced technology are major growth factors for the region. In North America, the government is making hefty investments for adoption of advanced technologies. On account of these factors, we expect that the North America region will continue leading the 3D animation software market throughout the forecast period. On the other hand, Asia Pacific will also grow owing to popular cartoon series of Japan such as Power Stone, Pokemon, and Detective Conan among others.
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Some of the prominent players operating in the 3D animation software market Adobe Systems Inc., Corel Corporation, Autodesk, Inc., Toon Boom Animation Inc., Maxon, Magix, NewTek, Inc., Smith Micro Software, Inc., Smith Micro Software, Inc., Corus Entertainment, NewTek, Inc., among others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The 3D animation software market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global 3D animation software market based on product type, application and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Product Type Segment (2017–2027; US$ Bn)
• Standard Version
• Professional Version
|
|
Application Segment (2017–2027; US$ Bn)
• Construction Industry
• Animation Industry
• Entertainment & Media Industry
• Gaming Industry
• Marketing & Advertising Industry
• Others (Healthcare, Textile, etc.)
|
|
Geography Segment (2017–2027; US$ Bn)
• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)
|
Key questions answered in this report
- What was the market size of 3D animation software in 2018 and forecast up to 2027?
- Which is the largest regional market for 3D animation software?
- What are the major trends followed in overall 3D animation software across different regions?
- Who are the key 3D animation software companies leading the market?
- What are the key strategies adopted by the leading 3D animation software companies in market?
Unique data points of this report
- Statistics on 3D animation worldwide
- Recent trends across different regions in terms of adoption of 3D animation software across various applications
- Notable developments going on in 3D animation software market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
