DUBLIN–(BUSINESS WIRE)–The “3D Animation Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Technology, Deployment and Application” report has been added to ResearchAndMarkets.com’s offering.
The 3D animation software market size is projected to reach $39,395.1 million by 2028 from $18,255.5 million in 2021; it is expected to grow at a CAGR of 11.6% from 2021 to 2028.
Rising Demand for 3D Animation Software in Education Sector Fuels 3D animation software Market Growth
3 animation software solutions are being used in education and academia. These solutions are used to develop e-learning platforms to enhance visual representation for learning. The trend of remote schooling amid the COVID-19 pandemic is also propelling the deployment of animations in teaching services to improve students’ comprehension.
Further, the growing desire for low-cost animation raises the demand for a whiteboard animation. The 3D animation software products are also being used in professional training.
Traditionally, animation needs specialized labor-intensive processes that are time-consuming and expensive; However, modern 3D animation software allows users to create cartoons independently without the need for substantial. Moreover, teachers have no longer remained constrained to static pictures; They may easily transform instructional modules into instructive animations.
With the burgeoning popularity of online learning platforms such as Coursera, edX, and Udemy, the use of motion graphic animation movies is also on the rise. Using 2D and 3D animations in e-learning to teach a topic with accuracy in the medical field is further propelling the demand for 3D animation software.
Learning and teaching may become quicker, faster, and joyful with animation effects created using 3D animation software, making learning more task-oriented and practical and reducing the time and efforts required from students, as well as teachers/instructors. Thus, the rising demand for 3D animation software in the education sector drives the 3D animation software market growth significantly.
Key Findings of Study:
North America held the largest 3D animation software market share in 2020. The 3D animation software market growth in the region is attributed to the presence of numerous significant customers in the US, such as Fox Studio, Disney, and Nickelodeon; the general use of 3D animation technology; and increased investment in R&D processes by regional industry leaders.
The existence of prominent companies in 3D technology, such as Adobe and Autodesk Inc., and increased demand for 3D animation software in movies in the US and Canada are projected to boost the 3D animation market in the coming years. For example, the 3D animation and visual effects in Toy Story 3 movie were worth ~US$ 200 million.
The VFX accounts for 60% of Hollywood movies’ expenditure. Online gaming has significantly impacted the market in this region, wherein 3D animation and VFX play an essential role in gamification. 3D animation software analysis by technology, the 3D animation software market is segmented into 3D modeling, motion graphics, 3D rendering, visual effects (VFX), and others. The 3D modeling segment accounted for the largest share of the market in 2020.
3D modeling involves creating a mathematical representation of a 3-dimensional object or shape using software. It is used to portray real-world and conceptual visuals for art, entertainment, simulation, and drafting. 3D modeling has applications in virtual reality, video games, 3D printing, marketing, TV and motion pictures, scientific and medical imaging, and computer-aided design and manufacturing CAD/CAM.
3D animation software analysis by deployment, the 3D animation software market is bifurcated into cloud-based and on-premises. In 2020, the cloud-based segment led the market. Based on the application, the 3D animation software market is segmented into media & entertainment, healthcare & life sciences, manufacturing, education & research, and others.
The media & entertainment segment accounted for the largest share of the 3D animation software market in 2020. Further, the healthcare and life sciences segment is expected to record the highest CAGR in the 3D animation software market during the forecast period.
A few of the major players operating in the 3D animation software market are Adobe, Autodesk Inc., Corel Corporation, EIAS3D, MAGIX, Maxon Computer GmbH, NewTek Inc., SideFX, Bondware Inc., and Strata, among others.
Key Topics Covered:
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
4. 3D Animation Software Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. 3D Animation Software Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Utilization of 3D Animation Software for 3D Mapping and Laser Scanning
5.1.2 Rising Adoption of Visual Effects (VFX) in the Entertainment Industry
5.2 Market Restraints
5.2.1 Concern about Piracy and Price Sensitivity in 3D Animation Software
5.3 Market Opportunities
5.3.1 Integration of Virtual Reality (VR) Technology
5.4 Future Trends
5.4.1 Rising Demand For 3D Animation Software in Education Sector
5.5 Impact Analysis of Drivers and Restraints
6. 3D Animation Software Market – Global Market Analysis
6.1 Global 3D Animation Software Market Overview
6.2 Global 3D Animation Software Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. 3D Animation Software Market Analysis – By Technology
7.2 3D Animation Software Market, By Technology (2020 and 2028)
7.3 3D Modeling
7.3.2 3D Modeling: 3D Animation Software Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Motion Graphics
7.5 3D Rendering
7.6 Visual Effects (VFX)
8. 3D Animation Software Market – By Deployment
8.2 3D Animation Software Market, By Deployment (2020 and 2028)
8.3.2 Cloud-Based: 3D Animation Software Market – Revenue and Forecast to 2028 (US$ Million)
9. 3D Animation Software Market – By Application
9.2 3D Animation Software Market, By Application (2020 and 2028)
9.3 Media & Entertainment
9.3.2 Media & Entertainment: 3D Animation Software Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Healthcare & Lifesciences
9.6 Education & Research
10. 3D Animation Software Market – Geographic Analysis
11. Impact of COVID-19 Pandemic on 3D Animation Software Market
12. Industry Landscape
12.2 Mergers and Acquisitions
12.3 Agreements, Collaborations and Joint Ventures
12.4 New Product Launches
13. Company Profiles
Maxon Corporation GmbH
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