3D Animation Market projected to grow $21.05 Billion by 2022
(Telecom-NewsWire.Net, July 11, 2019 ) According to the research report "3D Animation Market by Technology (3D Modeling, Motion Graphics, 3D Rendering, and Visual Effects), Vertical (Media and Entertainment, Healthcare and Lifesciences, Manufacturing), Services, Deployment, and Region - Global Forecast to 2022", publish by MarketsandMarkets, global 3D Animation market is expected to grow from USD 12.01 Billion in 2017 to USD 21.05 Billion by 2022, at a CAGR of 11.9%.
Browse and in-depth TOC on "3D Animation Market - Global Forecast to 2022" 53 - Tables 57 - Figures 129 - Pages
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This report covers major 3D animation technologies such as 3D modeling, motion graphics, 3D rendering, visual effects, and others along with their market trends between 2017 and 2022. The growing adoption of visual effects technology in movies and increasing demand of 3D mobile applications are driving the growth of the global 3D animation market. Increasing use of 3D imaging in mapping geospatial coordinates is also a major driving factor for the 3D animation market.
3D modeling technology is expected to hold the largest market share in the 3D animation market
3D modeling enables users to create 3D representation of an object by manipulating polygons, vertices, and edges in a simulated 3D space. The modeling is done by using a 3D production software for creating and deforming the polygon surfaces by scanning the object into a set of data points, used to represent the object. The advantages of 3D modeling process are increased speed, precision and control, scenario visualization, and reduced lead times. Increasing use of 3D animation in media and entertainment, manufacturing, and advertising industries driving the market growth.
On-demand deployment is expected to grow at the highest CAGR during the forecast period
On-demand deployment of 3D animation software involves a remotely located cloud server where all the applications and functionalities of an animation software are available. On-demand deployments are time saving and reduce infrastructural expenses. The animation software is hosted on vendor’s server and can be accessed by commercial clients using web browsers. The growing trend of cloud technology has helped most of the animation software providers offer their software on-demand to their commercial clients.
North America is expected to hold the largest market share in the 3D animation market
As per the geographic analysis, North America is the largest region in the 3D animation market. Countries such as the U.S. and Canada are the major growth drivers of the region. The strong financial position allows these countries to invest heavily in leading 3D animation tools and technologies.
The major vendors covered in the 3D animation market include Adobe Systems (California, U.S.), Autodesk (California, U.S.), AutoDesSys (Ohio, U.S.), Corel Corporation (Ottawa, Canada), Maxon Computer (Friedrichsdorf, Germany), NewTek, Inc. (Texas, U.S.), NVIDIA Corporation (California, U.S.), Pixologic, Inc. (California, U.S.), SideFX (Toronto, Canada), and Toon Boom Animation, Inc. (Montreal, Canada).
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