According to a new market research report published by sheer analytics and insights, “The Global 3D Animation Software Market was $17.8 Bn in 2020, and it is expected to reach $44.30 Bn by 2028. It is eventually growing at a commendable high compound of annual growth rate CAGR of 12.1% between 2020–2028″, as per the latest market research report titled Global 3D Animation Software Market (By Service — Consulting, Support and Maintenance, Integration and Deployment, and Education and Training. By Technology — 3D Modeling, Motion Graphics, 3D Rendering, Visual Effects. By Deployment — On-Premise, and Cloud Based. By End-User — Media and Entertainment, Healthcare and Life Sciences, Construction and Architecture, Manufacturing, Education and Research, and Others. By Geography — North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa) — Global industry analysis, size, share, growth, trends, and forecast, 2019–2028
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3D animation software is referred to as a type of computer graphics software that empowers the design, development, and production of three-dimensional graphics and animations. It allows visualization, designing, and controlling of any object, graphical element, or environment within a three-dimensional scope. This software contains computer-aided design (CAD) programs and animation packages. It is broadly used for building creative effects in brand advertisements and product promotions, product and system information, and visual analytics. It has broad applications across multiple end-use industries such as media & entertainment, architecture, healthcare, and life sciences. 3D Animation Software Market is majorly driven by factors such as rising technological advancements, increasing demand for animation in the entertainment, media, and gaming industry. Moreover, the wide adoption of 3D animation for creating special effects in the entertainment sector is expected to trigger the demand for 3D Animation Software. Further, the emerging trend of virtual reality (VR) and artificial intelligence (AI), and growing demand for 3D mobile applications and games are some of the other prominent factors contributing towards the growth of the 3D Animation Software Market. Further, the growing utilization of animation software for educational and academic applications are also anticipated to accelerate the market growth of 3D Animation Software Market over the forecast period. However, software piracy concerns and easy access to open-sourced software are some of the factors restricting the market growth to some extent over the forecast period from 2020 to 2025.
Geographically, 3D Animation Software Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The primary key players in the 3D Animation Software Market include Adobe Systems Inc., Autodesk Inc., Autodessys Inc., Corel Corporation, Maxon Computer, Newtek Inc., Nvidia Corporation, Pixologic Inc., Sidefx Software, and Zco Corporation.
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The Global 3D Animation Software Market Has Been Segmented Into:
· Support and Maintenance
· Integration and Deployment
· Education and Training
· 3D Modeling
· Motion Graphics
· 3D Rendering
· Visual Effects
· Cloud Based
· Media and Entertainment
· Healthcare and Life Sciences
· Construction and Architecture
· Education and Research