Dallas, Texas, Oct. 27, 2022 (GLOBE NEWSWIRE) -- The global animation software market is being significantly fueled by rising interest in the use of visual effects technology in motion pictures and expanding demand for 3D mobile games and applications. The rise of artificial intelligence and virtual reality technologies, as well as the expanding use of 3D animation in medical forensics, are creating opportunities that will boost demand for animation software during the projected period. The market is probably going to show off prospects for unexplored markets and rising user awareness. The animation software aids in the production of interactive material, motion graphics, and superior visual effects.
The animation software market is growing because of the dependability of such capabilities. The maker of animation software makes strategic investments through joint ventures, capital expenditures, acquisitions, and other means in order to expand its business, build new lines of business, and improve its ability to compete. Technology's ongoing development as well as the spread of 3D and 4D technologies can offer the animation market tremendous growth prospects.
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The animation software industry is also primarily being driven by the rising use of 3D printing, projection mapping, the blending of reality with virtual reality (VR) and augmented reality (AR), and the expansion of brand licensing and merchandising globally. Thanks to its highly graphical data and intricate visual effects for numerous industrial verticals, animation software is becoming more and more popular. It also provides a number of advantages, like a keen sense of perception, the ability to deliver clients with content that is valuable, and the ability to simulate concepts and ideas through the use of pictures, among others.
Animation Software Market Scope :
| Metrics | Details |
| Base Year | 2022 |
| Historic Data | 2020-2021 |
| Forecast Period | 2022-2030 |
| Study Period | 2020-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 532.21 billion |
| Segment Covered | Type, End User, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Key Players Profiled | Autodesk Inc, Adobe Systems, Pixar, Maxom Computer GmbH, Blender foundations, Toon Boom Animation Inc. and Side Effects Software Inc. |
The global animation software industry is anticipated to grow slowly due to a lack of funding and investments, inadequate government backing, and lack of intellectual property protection, among other things. Additionally, the development of the animation software market is hampered by a shortage of qualified workers and vulnerability to content piracy. The animation software market size was estimated to be USD 352.59 billion, and it is anticipated to increase to USD 532.21 billion by 2030, increasing at a CAGR of 6.29% over the projection period.
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The market is divided into four segments based on application: Media & Entertainment, Automotive, Online Education, and Others. Due to the wide range of applications, it has—including those in film, radio, television, and print—the media and entertainment segment commands a sizable portion of the market, which is what drives the animation market's expansion.
Because of its numerous end-use applications and significant important players, the North American area commands a sizable portion of the market. While this is happening, Asia-Pacific is the area with the quickest rate of growth in the animation industry due to the region's developing economies and rising demand for animation.
Toon Boom Animation's most recent version of Toon Boom Harmony, Harmony 21, was launched in September 2021. This volume promotes paperless animation by presenting 2D animations for video games that are of feature-quality. By changing the size and bitmap brushes, users may control the stylus' pressure, speed, and tilt position.
Table of content for global animation software industry:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Global Animation Software Market Overview, By Type
Chapter 5. Global Animation Software Market Overview, By Application
Chapter 6. Global Animation Software Market Overview, By Region
Chapter 7. Company Profiles
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