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2024 3D Animation Market Report : Market Size, Growth Drivers, And Key Trends | NVIDIA Corporation, Adobe Inc., Autodesk Inc., Trimble Inc., Unity Technologies SF, Lucasfilm Ltd. LLC, DNEG Ltd.
3D Animation Global Market Report
The Business Research Company presents an extensive market research report on the 3D Animation Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The 3D animation market size has grown rapidly in recent years. It will grow from $22.5 billion in 2023 to $24.89 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to growing demand in entertainment industry, expanding applications in healthcare and education, globalization of animation studios, cost efficiency in production, diversification of application areas.
The 3D animation market size is expected to see rapid growth in the next few years. It will grow to $38.69 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to emergence of real-time 3D animation, expanding use cases in simulation and training, increasing adoption in e-learning and virtual events. Major trends in the forecast period include immersive technologies integration, real-time rendering advancements, cloud-based animation services, AI and machine learning integration.
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Key Market Players:
Major companies operating in the 3D animation market report are NVIDIA Corporation, Adobe Inc., Autodesk Inc., Trimble Inc., Unity Technologies SF, Lucasfilm Ltd. LLC, DNEG Ltd., Animal Logic Pty Ltd., Method Studios LLC, Blue Sky Studios LLC, Weta Digital Limited, Corel Corporation, Laika LLC, Sony Corporation, Chaos Group, Smith Micro Software Inc., NewTek Inc., MAGI Corporation, SideFX Software Inc., Reallusion Inc., Toon Boom Animation Inc., Maxon Computer Inc., Zco Corporation, Pixologic Inc., The Foundry Visionmongers Limited, Electric Image Inc., Corastar Inc., Foundry Nuke Limited, Moving Picture Company Limited, Framestore Limited, Epic Games Inc., Crystal CG International Limited
Market Drivers:
The growing adoption of visual effects technology in movies as well as the media and entertainment sector across the globe is contributing to the growth of the market. Visual effects (VFX) and 3D animation in filmmaking refer to the fabrication or manipulation of any on-screen imagery that does not exist physically in real life. Filmmakers can use visual effects to make places, objects, creatures, and even people that would be hard or impossible to film in a live-action setting. For instance, according to Invest India, an Indian national investment promotion and facilitation agency, India's Media and Entertainment industry is expected to grow to $55-70 Bn by 2030 at 10-12% CAGR, led by OTT, Gaming, Animation and VFX. Therefore, the growing adoption of visual effects technology in movies is expected to propel the 3D animation market growth in the near future.
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https://www.thebusinessresearchcompany.com/report/3d-animation-global-market-report
The 3D animation market covered in this report is segmented -
1) By Deployment Mode: On-Premise, Cloud
2) By Technique Type: 3D Modeling, Motion Graphics, 3D Rendering, Visual Effects
3) By Service: Consulting, Support And Maintenance, Integration And Deployment, Education And Training
4) By End Use: Media And Entertainment, Architecture And Construction, Education And Academics, Manufacturing, Healthcare And Life Sciences, Government And Defense, Others End-Uses
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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