According to the latest market research study on “3D Animation Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Technology, Deployment, and Application,” the 3D animation software market size is projected to reach US$ 39,395.1 million by 2028 from US$ 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
3D animation software solutions are being used increasingly 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 knowledge. 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, rising demand for 3D animation software in the education sector drives the 3D animation software market growth significantly.
On the basis of geography, the 3D animation software market is segmented into five key regions - North America, Europe, APAC, the MEA, and SAM. 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 modelling, motion graphics, 3D rendering, visual effects (VFX), and others. The 3D modelling segment accounted for the largest share of the market in 2020. 3D modelling 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 modelling 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 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 register the highest CAGR in the 3D animation software market during the forecast period.
Reasons to Buy
Rising Demand for 3D Animation Software in Education Sector Fuels 3D animation software Market Growth
3D animation software solutions are being used increasingly 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 knowledge. 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, rising demand for 3D animation software in the education sector drives the 3D animation software market growth significantly.
Key Findings of Study:
On the basis of geography, the 3D animation software market is segmented into five key regions - North America, Europe, APAC, the MEA, and SAM. 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 modelling, motion graphics, 3D rendering, visual effects (VFX), and others. The 3D modelling segment accounted for the largest share of the market in 2020. 3D modelling 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 modelling 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 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 register the highest CAGR in the 3D animation software market during the forecast period.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global 3D animation software market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations such as specific regional and segmental insight highlights crucial progressive industry trends in the global 3D animation software market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. 3D Animation Software Market Landscape
5. 3D Animation Software Market- Key Market Dynamics
6. 3D Animation Software Market - Global Market Analysis
7. 3D Animation Software Market Analysis - By Technology
8. 3D Animation Software Market - By Deployment
9. 3D Animation Software Market - By Application
10. 3D Animation Software Market - Geographic Analysis
11. Impact of COVID-19 Pandemic on 3D Animation Software Market
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Executive Summary
The 3D animation software market size is expected to grow from US$ 18,255.51 million in 2021 to US$ 39,395.09 million by 2028; it is estimated to grow at a CAGR of 11.6% from 2021 to 2028.The developing trend of virtual reality (VR) and artificial intelligence (AI), and the increasing demand for 3D mobile apps and games are the key factors driving the 3D animation software market growth. Furthermore, advancements in technologies, and the increased use of animation software for educational training and healthcare applications are expected to propel the market growth during the forecast period. Growing demand for 3D animation software in the education sector along with penetration of mobile devices, and the rising popularity of video streaming, VFX, and video games have fuelled the 3D animation software market. The usage of virtual reality technology in the production and design of 3D animated content is opening significant growth prospects in the 3D animation business.
3D Animation Software Market analysis by technology, the 3D animation market is segmented into 3D modelling, motion graphics, 3D rendering, visual effects (VFX), and others. The 3D modelling segment accounted for the largest 3D Animation Software market share in 2020 and is expected to register the highest CAGR in the market during the forecast period. The market growth of this segment is ascribed to a wide scope of 3D animation software in film, television, video games, architecture, construction, product development, science and medical industries to visualize, simulate, and render graphic designs. The visual effects segment is expected to register the highest CAGR in the 3D animation software market during the forecast period, and the future growth of this market is attributed to the integration of live-action footage and VFX for creating characters and realistic objects in cinema, commercials, and video games. The increasing use of digital video streaming channels such as Netflix, Hulu, and Amazon Prime Video with the burgeoning demand for high-quality content is a prominent factor contributing to the 3D Animation Software market growth for visual effects segment.
3D Animation Software Market analysis by deployment, the 3D animation market is segmented into cloud-based and on-premises. The cloud-based segment accounted for a larger 3D Animation Software market share in 2020. Cloud-based deployment offer a pay-as-you-go model that is a cost-efficient solution for animation software providers. The 3D Animation Software market growth of the on-premises segment is ascribed to data security and privacy regulations. It provides a particular level of control to enterprises.
Based on application, the 3D animation market is segmented into healthcare & life sciences, education & research, media & entertainment, manufacturing, and others. The media & entertainment segment accounted for the largest 3D Animation Software market share in 2020. This sector includes movies/cinema, music, publishing, television, radio, internet, advertising, and gaming segments. Growth in internet penetration and smartphone connections have also fuelled the demand for media and entertainment channels, which boosts the adoption of animation software to bring the desired visual effects in the content being streamed on these channels. Thus, such growth prospects from M&E industry have accelerated the adoption of animation software to bring the desired visual effects. Hence, with such changing trends in this industry, M&E companies have innovative opportunities to serve their current and potential customer base. The animation software plays a crucial role in healthcare & life sciences industry facilitating a better understanding regarding the compound functions in a human body, which has significantly widened the scope for 3D animation software industry. The 3D animation is extensively used to create representative scientific visualization for the purpose of research and analytical studies. It is also used to create 3D models for realistic visualization in education and research sector. Thus, such growth prospects in 3D animation software for various applications is fueling the market growth.
The 3D animation market in North America held the largest 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. In Canada, engineers and construction experts are using 3D rendering software to enhance visualization and simulation. 3D rendering software help architects to overcome design flaws, triggering for cost benefit in the manufacturing and construction phases.
Asia Pacific region is the fastest growing market for 3D animation software. Swift developments in technologies, initiatives from governments to trigger the growth of various industries, and a rise in disposable incomes of the middle-income class groups are among the key factors propelling the overall economic growth in this region. The region has strongly emphasized the formalization of professional services in animation and visual effects (VFX) to serve the rapidly expanding media & entertainment sector. The growing application of simulation technology in creating training programs, software, and e-learning platforms driving the 3D animation software market in Asia Pacific region.
Europe holds potential share for 3D animation software which is primarily attributed to the increasing acceptance of visual effects technology in movies, the growing demand for 3D mobile apps and games, and the rapid usage of 3D mapping technology in navigation and geospatial analysis. Furthermore, with growing popularity of Building Information Modelling (BIM)’s, a 3D model-based technique, 3D mapping, and modelling are becoming increasingly prominent in the construction sector. Around 15% of European movie admissions go to animation, while one-fifth of European animation film admissions go to European productions. Netflix, for instance, has been a frequent purchaser of European animated shows and films. Thus, the factors mentioned above contribute to the growth of the Europe 3D animation software market.
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.
The 3D animation software market size has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants—including valuation experts, research analysts, and key opinion leaders—specializing in the animation software industry.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Adobe
- Autodesk Inc.
- Corel Corporation
- Eias3D
- Maxon Corporation GmbH
- Sidefx
- Newtek Inc.
- Magix
- Strata
- Bondware Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 172 |
| Published | March 2022 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 18255.51 Million |
| Forecasted Market Value ( USD | $ 39395.09 Million |
| Compound Annual Growth Rate | 11.6% |
| Regions Covered | Global |
