Animation Software Market – Global Industry Analysis And Forecast (2023-2029)

Animation Software Market was valued at US$ 408.85 Bn. in 2022. The Global Animation Software Market size is estimated to grow at a CAGR of 10.5 % over the forecast period.
Animation Software Market Overview:
Animation software is deployed for generating animated images with the help of computer graphics. The market is estimated to grow with the rise in the adoption of animation software across the various industry verticals for cartoons, movies, and games during the forecast period. The deployment of animation software across other industry verticals and an increase in the use of mapping technology and navigation are expected to drive market growth. Increasing smartphone penetration and growing demand for 3D mobile games are expected to accelerate the market due to enormous opportunities for animated videos, movies, and others. North America dominates the Market.To know about the Research Methodology:-Request Free Sample Report
Animation Software Market Dynamics:
The growing demand for 3D mobile applications, visual effect technology in movies, projection mapping, and merging with reality-Augmented Reality are the major factors that are driving the market. The Animation software provides value-added content for clients and stimulation of concepts and ideas in the form of illustrations which results in the increasing adoption of animation software across various industry verticals. The market is a highly competitive market due to a large number of new animation software and service providers entering the animation, where global tech giants have already consolidated with the market position.

The factor restricting the growth of the market is insufficient government support, less amount of funding and investment, and intellectual property protection. The growing piracy of animated software and the continuous exposure to corruption can hinder the growth of the global market during the forecast period. To manage software IP owing to piracy issues many companies across the globe are forced to develop and devise new strategies and tactics. Countries such as China, India, Russia, and many others are piracy and License misuse hotspots.

Animation Software Market Trends:

The rapid advancements in technology with the growing popularity of the internet made computer animation available to the masses. Earlier animated entertainment was aimed at children but now the animated series is produced for teenagers, adults, and the entire family. The increasing usage of smartphones is the major factor contributing to the growth of the Market. The advent of animation software in cartoons and movies is expected to fuel the Market.

COVID-19 Impact:

The COVID-19 pandemic outbreak has disrupted many industries, including the market. As lockdown is enforced in several countries across the globe, digital media consumption is expected to witness a substantial increase because the government has forced people to stay at home, so they are turning to popular OTT service providers, procuring subscriptions to satisfy their entertainment needs.
Animation Software Market Segment Analysis:
Based on Product Type, the Market is segmented into stop motion, flipbook, 2D animation, and 3D animation. The 3D animation sector held the largest share in the Market in 2022 and is expected to continue its dominance in the Market during the forecast period. The growth of 3D animation software is increasing in various industry verticals due to its high graphical data and detailed visual effects. 2D animation software is expected to grow at a CAGR of 7.5% during the forecast period. The oldest animation technique which produces animation through a series of the picture drawn skillfully is the flipbook.

Based on Industry Vertical: the Market is segmented into online education, media and entertainment, automotive, and others. The increasing penetration of smartphones has been creating enormous opportunities for animated videos, movies, 3D games, and others which will boost the market. The media and entertainment segment holds the largest share in the global market and is expected to continue its dominance during the forecast period.
Regional Insights:
The North American region held the largest market share in 2022, due to the high adoption of advanced technologies and the presence of major players in the region of North America. The Asia Pacific region is expected to witness significant growth due to the rising penetration of advanced digital technologies and expanding animation industry. Due to high demand from the media and entertainment sector, countries such as India is offering immense opportunities for animation vendor.

The objective of the report is to present a comprehensive analysis of the global Animation Software Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Animation Software Market dynamic, and structure by analyzing the market segments and projecting the Animation Software Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Animation Software Market make the report investor’s guide.
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Animation Software Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 408.85 Bn


Forecast Period 2023 to 2029 CAGR:
10.5%
Market Size in 2029:
US $822.43 Bn.


 Segments Covered:
by Product Type
Stop motion
Flipbook
2D animation
3D animation


by Basis of Solution
Animation Software
Services


by Industry Vertical
Online education
Media and entertainment
Automotive
Others



Animation Software Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Key Players:
1. Electric Image, Inc.
2. MAGIX Software GmbH
3. Xara Group Limited
4. MAXON Computer GmbH
5. NaturalPoint, Inc.
6. NewTek, Inc
7. NVIDIA Corporation
8. PhaseSpace, Inc.
9. Pixar, Inc.
10. Planetside Software LLC
11. Side Effects Software, Inc.
12. Smith Micro Software, Inc.
13. STRATA
14. BIONATICS
15. Caligari Corporation
16. Corel Corporation
17. Corus Entertainment, Inc.
18. Toon Boom Animation, Inc

Frequently asked questions

1. What is the expected growth rate of the global animation software market?
Ans: The global animation software market exhibits a CAGR of around 10.5% during the forecast period.

2. What is the breakup of the Market based on product type?
Ans: Based on product type, the Market is segmented into 3D, 2D, Flipbook, and Stop motion.

3. Who are the key companies in the global animation software market?
Ans: Key companies in the global animation software market include MAGIX Software GmbH, Xara Group Limited, and MAXON Computer GmbH.