In recent years 3D animation has its growth in movies or cartoons. It is a process of creating 3d animation app effect moving images in a digitalized world. In the media and entertainment industry, it is making a demanding place for itself. It is used to give a lively effect of the videos in the movies from various angles, and the advancement of technology leads to 3D Animation Market Growth. The 3D effect is used as visual effect technology like VFX, for gaming purposes, for entertainment, to experience adventurous things. The CAGR as per the 3D Animation Market Report is 13.8% during the forecasted period 2018-2024.
The market growth of the 3D Animation Market Share is due to mobile applications, 3D application movies because due to this, there is an increase in the demand for the making of 3D software. Many companies which are market players are adopting 3D technologies like motion graphics, 3D modeling, and special visual effects. In 2018 the global 3D Animation Market Size was valued at USD 13.75 billion. Different components are driving the market size as per the 3D Animation Market Research Report, like the special visualizations and virtual reality (VR), which is used for the innovation of movies, developing 3d animation software, and expanding the utilization of 3D planning innovation for GPS and route purposes.
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The 3D Animation Market Segmentation is done in three parts like by component, by technology, and by the End-user. In 3D Animation Market Segment based on components, it is further divided as software, hardware, and services. The hardware segment is further divided into workstations, GPU, capturing systems, and video cards. The software segment is divided into plug-in software, platforms, and SDK. In technology, it is further divided into motion graphics, visual effects, 3D modeling, support and maintenance, system integration, and deployment. In the end-user, it is further segmented into media and entertainment, education, architecture, etc.
According to the regional analysis, the 3D Animation Market is spread in North America, Europe, and middle -east and Africa, and South America. The largest accounted continent for 3D Animation Market Growth in North America with a market share of 42.1% in 2017 and an expected CAGR of 13.6% during the forecasted period. The second-largest continent contributing to the market share of 3D animation is Asia-Pacific in 2017, with a CAGR of 16.5% during the forecasted period. There are key players for this market, such as Corel Corporation (Canada), Maxon Computer (Germany), etc.
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