The global 3D animation market is anticipated to grow at a CAGR of 12.0% during the forecast period (2022- 2028). 3D animation software solutions are used for various applications such as construction, media, and other fields. The demand for 3D Animation solutions in the construction field is estimated to be high owing to its uses in creating realistic architectural models. Some animation software also features basic video editing capabilities that allow users to import footage into the workspace and edit it with effects such as movie titles, credits, transitions, and so on. While, others offer more advanced tools such as chroma keying which is needed when merging live-action and animated elements together. With increased preference to create High-Definition (HD) content, especially for video marketing, its higher resolution, substantially higher number of pixels, and improved content quality compared to standard-definition content and the photorealistic representation feature of the simulation technique are some of the factors that are driving the growth of 3D animation market.
Additionally, with growing adoption of visual effects in the entertainment industry and the use of VFX for creating visually enhanced imagery with the support of animation and computer graphics are going to boost the growth of the market. Furthermore, the growing preference of designers for retro motion graphics for adding effect to videos, along with morphing of images and logos to offer smooth and swift transition is further encouraging the demand for 3D animation. For instance, in March 2019, The Foundry Visionmongers Limited, a British visual effects software development company, introduced the Modo 13 version of its renowned 3D modeling package.
Some major players in the market include Autodesk Inc., Corel Corp., and Adobe Systems, Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, In January 2019, Google LLC collaborated with Sony Pictures Imageworks and launched OpenCube, a render manager, which allowed the company to strengthen its rendering process.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Autodesk Inc., Corel Corp., and Adobe Systems, Inc., among others.
A full report 3D Animation Market of is available at: https://orionmarketreports.com/3d-animation-market/96961/
Global 3D Animation Market Report by Segment
By Type
- Standard Version
- Professional Version
By Application
- Construction Field
- Animation Field
- Media Field
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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