The global 3D animation software market size was valued at USD 7 billion in 2020 and is anticipated to reach USD 16 billion by 2028, expanding at a CAGR of 11.5% during the forecast period, 2021 – 2028. The growth of the market is attributed to the rising demand of animation in gaming and entertainment industry.
The 3D animation software includes combination of technology and human creativity. The graphical computer interface (GCI) software package is fusion of both dynamic and static images that can be modified as per requirements. Technological advancements are major factors responsible for growth of 3D animation software market.
The global 3D animation software market is projected to grow faster in field of digital media. In 3D animation process three steps involved including animating, rendering, and modeling the object. In first step object is modeled and 2D object is created then animation functions are applied and lastly to generate final output techniques are used.
The tremendous development of 3D animation software market attributed to hybrid technology and extensive plugin usage is expected to boost the market. The hybrid technology consists of 2D and 3D animation. 2D effect gives realistic image in hybrid technology. In entertainment industry overall picture quality and visual effects are enhance with support of this technology.
The trend of emerging technology including artificial intelligence (AI) and virtual reality (VR) is growing along with rising demand of games and 3D mobile applications are key factors driving the market. Raising utilization of the animation software and different technological advancements for academic and educational applications are creating growth opportunities for market players. Stereoscopic 3D gaming platforms and extensive adoption of animation software are extensively adopted to create immersive animations, which contributes to the growth of 3D animation software market.
Market Trends, Drivers, Restraints, and Opportunities:
- In gaming and entertainment industry demand for animation is increasing with rapid technological advancements which are projected to drive the market over forecast period.
- Rising demand for 3D animation software in scientific research and medical field is anticipated to fuel the market.
- In entertainment industry to create special effects 3D animation applications are widely adopted which estimates market growth.
- Easy access to open-source and piracy of 3D software are estimated threat to the animation industry. Pirated software results revenue loss with damaging brand image of animation industry. The pirated market of DVD’s and movies hampers revenue generation in market. These restraints are projected to slow down market growth.
Scope of the Report
The report on the global 3D animation software market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
3D Animation Software Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Applications (Construction Field, Animation Field, Media Field, and Other Fields)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Adobe Systems, Corel Corp., Autodesk Inc., Toon Boom Animation Inc., Electric Image, Maxon, Corastar, Magix, NewTek, Smith Micro Software, GmbH, and Side Effects Software
3D Animation Software Market Segment Insights
Media field segment is expected to grow at a rapid pace
Based on applications, the global 3D animation software market is divided into construction field, animation field, media field, and other fields. The media field segment projected to expand at a high CAGR during the forecast period. Several short movie makers trying to make animated short films with help of video sharing platforms and social media are expected to drive the segment.. This result drives the 3D animation software market.
Increasing popularity of video games along with its exciting and realistic effects is estimated to fuel the market. The 3D animation software is largely used in gaming industry. Using large blueprint layouts people are able to watch details clearly and without hesitation using 3D animation software. Automotive industry uses visualization, simulation, and modeling tools for building highly efficient machines.
Advancement in 3D animation software technology benefits scientific research and medical field. There is large scope for 3D animation software market in healthcare industry as it gives better understanding of complex functions in human body.
North America accounts for key market share
In terms of regions the global 3D animation software market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is estimated to expand at a rapid pace during the forecast period. Growth of the market is attributed to presence of major multinational studios such as Fox Studios, Cartoon Network, Nickelodeon, and Walt Disney in the region. North American covers around 42% of the total market share of 3D animation software.
For 3D animation software market the U.S., France, Japan, UK, Germany and Canada are some major regions. The market in Asia Pacific is projected to expand owing to Japan’s 3D animation market progress. Detective Conan, Pokémon, Monster Farm, and Power Stone are some very popular cartoon series from Japan.
Segments Covered in the Report
The global 3D animation software market has been segmented on the basis of
- Construction Field
- Animation Field
- Media Field
- Other Fields
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
- Adobe Systems
- Corel Corp.
- Autodesk Inc.
- Toon Boom Animation Inc.
- Electric Image
- Smith Micro Software
- Side Effects Software
Key players in the market include Adobe Systems, Corel Corp., Autodesk Inc., Toon Boom Animation Inc., Electric Image, Maxon, Corastar, Magix, NewTek, Smith Micro Software, GmbH, and Side Effects Software. These players are implementing numerous strategic such as mergers and acquisitions, strategic partnerships, new product development, and capacity expansions and majorly focuses on innovations and new technological progress.