Global 3D Animation Software Market 2016-2020
About Animation Software
The main use of an animation software is to generate animated images, which gives the illusion of movement when the images are shown as a sequence. There are numerous tools available to the end users to create a realistic virtual image according to their requirements. Apart from creating animated movies like Frozen and Shrek, 3D animation is also used in films to improve the visual effects, and also in AEC and automotive projects. The rapid advancement in technologies and use of animation software in the media and entertainment and other industries has made 3D animation popular among the general masses.
Technavio’s analysts forecast the global 3D animation software market to grow at a CAGR of 12.45% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global 3D animation software market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of the software across industries.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global 3D Animation Software Market 2016-2020
Technavio recognizes the following companies as the key players in the global 3D animation software market: Adobe, Autodesk, Corel, Electric Image Animation System, Maxon, and Side Effects Software.
Other Prominent Vendors in the market are: Corastar, Corus Entertainment, Magix, NewTek, Smith and Micro Software.
Commenting on the report, an analyst from Technavio’s team said: “Outsourcing of 3D modelling is becoming a popular trend in the 3D animation market. The licensing of the 3D animation software is expensive and requires expertise and training of staffs. It involves purchasing CAD systems and software. Thus, many automotive and architectural companies outsource 3D modeling of buildings and car designs. Outsourcing is helping the structural engineers and automotive designers in enhancing their productivity and cutting costs and as different people engage in designing and modeling simultaneously. Further, it helps in speeding up the process as a software expert team will be more efficient in creating 3D models than amateur designers.”
According to the report, one of the key drivers for market growth will be increased use of 3D animation in movies. The popularity of 3D animated movies such as Cars, Toy Story, and The Incredibles reflects the growing interest of people toward animated movies. 3D animation provides better graphics, clarity, and faster rendering of frames than 2D and traditional animation. In 2014, 50% of the 3D movies produced and released in North America, generated a revenue of $1.5 billion. The moviegoers in China spent nearly 30% more on 3D movies than those in North America. The increasing popularity of animated movies in developing countries is expected to drive the market's growth.
Further, the report states that piracy is a huge concern for the global movie industry and software companies as well. Secure sharing, copying, and downloading of software from illegal sources on the web is a major challenge for 3D animation software providers. In addition, the mass adoption of pirated versions of the software has taken a toll on the industry players, amounting to huge losses. The majority of the customers utilize peer-to-peer systems, while the rest download the software through websites and stream-ripping applications. With the availability of torrents and illegal downloading sites, smaller and unlisted construction companies and college students access expensive 3D animation software without paying the actual price of the license.
Adobe, Autodesk, Corel, Electric Image Animation System, Maxon, Side Effects Software, Corastar, Corus Entertainment, Magix, NewTek, Smith Micro Software.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook