March 28, 2020
3D Animation Software

3D Animation Software Market growth drivers, opportunities and forecast analysis to 2027

The global 3D animation software market was valued at US$ 6.50 billion in 2018 and is set to grow at 9.6 per cent CAGR during the forecast period.

The rapid growth of the 3D animation market worldwide to boost demand for 3D animation software worldwide. The 3D animation market is growing at almost 8 per cent annual growth rate in 2018 and is valued at around US$ 10.0 billion in the same year. Animation of objects that appear in three-dimensional space and move and rotate like actual objects is known as 3D animation.

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3D animation has various advantages, such as motion communication, visual appeal and others, which differ in 3D animation from 2D animation. In addition, 3D animation has a huge demand in media, animation, construction, gaming and other industries due to its above-mentioned benefits. Rapid technological advancement for more efficient graphics is the other major factor driving the growth of the market. As a result of the factors mentioned above, we expect the 3D animation software market to grow rapidly throughout the forecast period.

The 3D animation software market, based on the application, is led by the entertainment & media industry segment in 2018. In the same year, the entertainment & media sector accounted for more than 30% of the revenue share. Global entertainment & media industry uses 3D animation software to create special effects and make animated movies. On the other hand, the gaming industry will be the fastest-growing segment of the 3D animation software industry. To make games more exciting and realistic, 3D animation software is widely used by gaming manufacturers worldwide. We, therefore, expect the gaming sector to be the fastest-growing segment in the forecast period 2019-2027.

Geographically based, North America was the largest region in the 3D animation software market in 2018. North America has a value contribution of around 40% in the same year. North America has the highest share due to early technology adoption and the presence of multinational studios in the region includes Fox Studios, Cartoon Network, Walt Disney and others. Further, the aforementioned studios majorly use 3D animation software for making animated films. Government support & hefty investment in research & development are some other factors for North America’s dominance in the 3D animation software market. As a result, North America is expected to lead the 3D animation software market throughout the forecast period.

Some of the major companies profiled in the report include Adobe 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.

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? 

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