Global 3D Animation Market Set for Robust Growth, Forecasted to Reach $35.38 Billion by 2027
The Business Research Company’s 3D Animation Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
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LONDON, GREATER LONDON, UK, November 14, 2023 /EINPresswire.com/ — The global 3D animation market has witnessed significant expansion, surging from $20.75 billion in 2022 to $22.97 billion in 2023, demonstrating a substantial Compound Annual Growth Rate (CAGR) of 10.7%. The market is poised for continued development, with an anticipated size of $35.38 billion by 2027.
Growing Adoption of Visual Effects Technology Drives Market Growth
The increasing adoption of visual effects technology in movies, as well as the broader media and entertainment sector globally, is a key driver propelling the growth of the 3D animation market. Visual effects (VFX) and 3D animation play a crucial role in filmmaking by fabricating or manipulating on-screen imagery that may be challenging or impossible to film in a live-action setting. Notably, India’s Media and Entertainment industry is projected to achieve significant growth, reaching $55-70 billion by 2030 at a CAGR of 10-12%, driven by the surge in Over-The-Top (OTT) platforms, gaming, animation, and VFX.
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Key Players and Market Trends
Major players in the 3D animation market, including Adobe Systems, Autodesk, and NVIDIA Corporation, contribute significantly to the industry’s growth. One prominent trend is the increasing adoption of cloud technology by animation content creators. Cloud services provide on-demand and scalable computing resources, benefiting the animation industry by simplifying processes, offering computational power, and enabling remote collaboration. For instance, ESDIP Animation Studio selected SimpleCloud for its virtual desktop solution, facilitating remote collaboration on projects that demand robust parallel processing, bringing together artists from around the world for the creation of animation short film Blue & Malone Impossible Cases.
Segments:
• Deployment Mode: On-Premise, Cloud
• Technique Type: 3D Modeling, Motion Graphics, 3D Rendering, Visual Effects
• Service: Consulting, Support And Maintenance, Integration And Deployment, Education And Training
• End Use: Media And Entertainment, Architecture And Construction, Education And Academics, Manufacturing, Healthcare And Life Sciences, Government And Defense, Others End-Uses
Geographical Insights: North America Leads, Asia-Pacific to Witness Rapid Growth
In 2022, North America emerged as the largest region in the 3D animation market, with Asia-Pacific expected to be the fastest-growing region in the forecast period. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities.
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3D Animation Global Market Report 2023from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries:Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The3D Animation Global Market Report 2023byThe Business Research Company is the most comprehensive report that provides insights on 3D animation market size, 3D animation market drivers and trends, 3D animation market major players, 3D animation market competitors’ revenues, market positioning, and 3D animation market growth across geographies.The 3D animation market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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