3D Animation Market to Reach $33.78 Billion by 2026: Report by Allied Market Research


Posted August 12, 2023 by lokeshc0909

Increase in use of visual effects in movies, rise in adoption of cloud for animation, and surge in demand for high quality content by consumers fuel the growth of the global 3D animation market.

 
Based on component, the solution segment contributed to more than two-thirds of the global 3D animation market share in 2018, and is expected to rule the roost by the end of 2026, as animation solutions are cheaper than solutions and are faster to deploy. Simultaneously, the service segment would cite the fastest CAGR of 12.4% from 2019 to 2026. Rise in need of various different services such as managed service and professional services drives the growth of the segment.

Increase in use of visual effects in movies, rise in adoption of cloud for animation, and surge in demand for high quality content by consumers fuel the growth of the global 3D animation market. On the other hand, presence of free & open-source animation software impedes the growth to a certain extent. Nevertheless, integration of virtual reality (VR) technology for visual effects is expected to create lucrative opportunities for the key players in the industry.

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Based on geography, the market across North-America accounted for more than one-third of the global 3D animation market revenue in 2018 and is projected to dominate throughout the study period. This is due to increase in demand for visual effects that involves the integration of live-action footage in Hollywood. On the other hand, the Asia-Pacific region would register the fastest CAGR of 14.1% by 2026. This is attributed to increase in partnership of Chinese companies with international VFX companies is expected to fuel the market growth in this region.

The report has offered an all-inclusive analysis of the global 3D Animation Market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth.

Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

Access the full summary at: https://www.alliedmarketresearch.com/3d-animation-market-A05975

The report presents in-depth insights into each of the leading 3D Animation Market end user verticals along with annual forecasts to 2026. The report provides revenue forecast with sales, and sales growth rate of the global Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

Leading market players-

► Pixologic Inc

► Sidefx Software

► NVIDIA Corporation

► The Foundry VisionMongers Ltd

► Zco Corporation

► Corel Corporation

► Maxon Computer

► Autodesk Inc

► Adobe Systems Incorporated

► Newtek Inc.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Issued By Allied Market Research
Country India
Categories Technology
Tags 3danimationmarket , 3danimation , animationmarket
Last Updated August 12, 2023