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3D Avatar Solution Market is expected to reach US$ 544.87 million by 2028 | The Insight Partners
3D Avatar Solution Market
A 3D avatar is a virtual representation of humans that is developed to help improve business applications such as sizing & fitting, game development, and healthcare research. The rising adoption of digitalization and advanced technologies across industries such as fashion, gaming, media & entertainment, and healthcare is propelling the demand for 3D avatars. 3D avatar solutions help create an efficient and realistic human model, thereby driving the 3D avatar solution market growth.
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The rising adoption of social media among the global population, along with the rise in internet and smartphone penetration in urban areas, is also boosting the adoption of realistic and futuristic 3D avatars that offer a personalized experience to users. Businesses are also adopting 3D avatar models for applications in the customer support domain to provide efficient customer services. For instance, in December 2021, Capita launched its 3D avatar web chat services to offer more realistic customer service. The company partnered with Rapport for the development of a 3D avatar to replace their bot-based customer service. These factors are also propelling the global 3D avatar solution market growth over the coming years.
The List of Companies - 3D Avatar Solution Market
MotionWerx LLC
Texel Inc LLC
Osensus GmbH
Bodygee AG
Polyga Inc
IN3D Inc
TG3D Studio Inc
Itseez3D Inc
3D Generation GmbH
NeXR Technologies SE.
Europe accounted for the largest 3D avatar solution market share in 2021. This growth is attributed to the rapid adoption of technologies across industries such as gaming, media & entertainment, and fashion in countries such as Italy, France, Germany, and the UK. According to GSMA, with over 90% penetration of smartphones across the region, more than 40% of the European population is engaged in playing advanced mobile games. This offers lucrative business opportunities to the game developing companies present in the region, enabling them to develop advanced and innovative games with interactive and customized characters. The UK is one of the leading game developing countries in the world. It has been observed that, the country observed the emergence of 557 gaming developing companies from April 2020 to December 2021. Thus, the rising number of game developers and increasing adoption of AR and VR technologies for the development of realistic and futuristic games are contributing to the 3D avatar solution market growth in Europe.
The 3D avatar solution market size is segmented on the basis of component, model, and end user.
Based on component, the 3D avatar solution market is bifurcated into solution and services. Based on model, the 3D avatar solution market is segmented into stylized, realistic, and futuristic. Based on end user, the market is segmented into media and entertainment, healthcare, fashion, and others.
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Impact of COVID-19 Pandemic on 3D Avatar Solution Market:
The COVID-19 crisis has drastically affected two huge markets in APAC, namely India and China. Governments of APAC countries took possible steps to reduce the effects of the pandemic through lockdowns, which hampered the operations of various industries. The lockdown has led to the implementation of work from home model, which accelerated the usage of gaming apps, visualization, mobile applications, and digital marketing, thus raising the demand for 3D avatars. Also, the pandemic has posed an excellent opportunity for the media & entertainment industries. As the need for animated movies increased during the pandemic, the demand for high quality video content also increased, thus raising the demand for more realistic 3D models in the market. Hence, the 3D avatar solution market continues to grow during the COVID-19 pandemic. Moreover, the rising use of 3D technologies in hospitals, laboratories, and health research centers to develop medicines, enhance treatment, and help in surgical procedures is rising which is projected to create opportunities for using 3D avatar solution.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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