The global 3D animation market revenue is expected to expand at a significant CAGR over the forecast period. 3D animation or three dimensional animation has three dimensions as depicted in name itself that are – height, width and depth. 3D animation looks more realistic as compared to 2D animation. 3D animation is used in gaming, architecture, film industry, educational institute, and healthcare applications.
The major factor driving growth of the global market is increasing demand of 3D animation in movie and gaming industry globally. Increasing use of 3D technology in geospatial mapping and navigation is another factor expected to fuel growth of the target market over the forecast period. However, lack of large investments, lack of skilled labors and increasing piracy issues can hamper growth of the target market in the near future.
The global 3D animation market report has been segmented on the basis of technology, service, deployment, industry verticals, and region. On the basis of technology, the market is segmented into 3D modeling, motion graphics, 3D rendering, and visual effects (VFX). On the basis of service, the market is segmented into consulting, support & maintenance, integration & deployment, and education & training. On the basis of deployment, the market is segmented into on-premises and on-demand. On the basis of industry verticals, the market is segmented into media & entertainment, construction & architecture, healthcare & life sciences, manufacturing, and education & academia.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to dominate the global market in terms of revenue over the forecast period, owing to increasing local production companies and rising adoption of technologically advanced products in the region. The market in Asia Pacific is expected to register significant growth in terms of revenue in the near future, owing to increasing adoption of 3D technology in the region.
Key players operating in the global 3D animation market include Adobe Systems Incorporated, Autodesk, Inc., AutoDesSys Inc., Corel Corporation, MAXON Computer GmbH, NewTek, Inc., NVIDIA Corporation, Pixologic, Inc., SideFX Entertainment Pvt. Ltd, and Toon Boom Animation Inc.