Press release
Animation Market 2024 - Growth Analysis, Size, Outlook, Overview By 2033
Animation Market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=16338&type=smp
According to The Business Research Company's, The animation market size has grown strongly in recent years. It will grow from $355.83 billion in 2023 to $379.83 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to increased preference for visual storytelling, increased use in film and television productions, increased use in video games, increased use in advertising and marketing campaigns, and increased use in education and training.
The animation market size is expected to see strong growth in the next few years. It will grow to $499.57 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to the escalating demand for animated content, the growing popularity of streaming services, the growing gaming industry, the growing demand for stop-motion animation, growing demand for 3D animation. Major trends in the forecast period include advancements in animation technology, the use of virtual reality (VR) and augmented reality (AR), advancements in computer-generated imagery (CGI), advancements in motion capture technology, and advancements in real-time animation tools.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/animation-global-market-report
Market Drivers and Trends:
Rising demand for media and entertainment is expected to propel the growth of the animation market going forward. Media and entertainment refers to a broad industry encompassing various forms of content creation, distribution, and consumption aimed at informing, entertaining, and engaging audiences. The demand for media and entertainment has been on a significant rise, driven by several key factors such as shifts in consumer behavior, content diversity, social media influence, and innovative content delivery. Animation significantly enhances the media and entertainment industry by offering creative solutions, engaging audiences, and pushing the boundaries of storytelling and visual expression. For instance, in January 2024, according to the Digital Entertainment and Retail Association (ERA), a UK-based industry organization, UK spending on music streaming subscriptions, vinyl, and CDs grew by 9.6% in 2023, nearly twice as fast as in 2022 (+5%). Additionally, the UK entertainment market grew by 7% throughout 2023. Therefore, the rising demand for media and entertainment drives the animation market.
Major companies operating in the animation market are developing text-to-3D animation using generative artificial intelligence (AI) technology to streamline the creative process. Generative AI enables the creation of personalized animations tailored to individual preferences by making animation creation faster, more accessible, and cost-effective, while also expanding the creative possibilities for animators and storytellers. For instance, in November 2023, DeepMotion, a US-based animation company, launched MotionGPT, a groundbreaking AI-powered platform that enables users to generate 3D animations from text inputs. This innovative solution harnesses the power of large language models and deep learning to revolutionize the way 3D content is created. MotionGPT leverages the latest advancements in natural language processing and generative AI to translate textual descriptions into detailed 3D character animations. Users can simply input a textual prompt, and the platform will automatically generate a corresponding 3D animation, complete with realistic movements, facial expressions, and body language.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Sony Corporation, NVIDIA Corporation, Adobe Systems Inc., Autodesk Inc., Trimble Inc., DreamWorks Animation LLC, Walt Disney Animation Studios, Corel, Newtek Inc., MAXON Computer GmbH, Zco Corporation, Image Metrics Inc., Smith Micro Software Inc., Video Caddy, Animaker Inc., SideFX, Aardman Animations Ltd., Triggerfish Studios, Animation Sharks, Bondware Inc., EIAS3D LLC, Blue Sky Studios, Grafton Animation Studios, Pixologic Inc., Exocortex Technologies Inc.
Animation Market 2024 Key Insights:
• The animation market size is expected to see strong growth in the next few years. It will grow to $499.57 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
• Growing Media And Entertainment Demand Fuels Expansion Of The Animation Market
• Innovations In Generative AI Transforming The Animation Market
• North America was the largest region in the animation market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=16338&type=smp
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Animation Market 2024 - Growth Analysis, Size, Outlook, Overview By 2033 here
News-ID: 3711219 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Animation
Animation Production Market to See Thriving Worldwide | Walt Disney Animation St …
HTF MI recently introduced Global Animation Production Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence.
Some key players from the complete study are Walt Disney Animation Studios, Pixar Animation Studios, DreamWorks Animation, Sony Pictures Animation, Illumination…
Animation Gravity: Your Gateway to Stunning Video Animation
In a fast-paced digital world, capturing the attention of the audience demands strong storytelling and compelling ideas. Implementing visuals to your brand's products and messages is the perfect way to beat your digital competitors. Animation videos allow businesses to simply concepts and memorable brand experiences.
Animation Gravity is a leading provider of video animation services that offers innovative solutions to brands looking to elevate their advertising and visual content. The…
Animated Films Market to See Huge Demand by 2030: Pixar Animation Studios, Dream …
According to HTF Market Intelligence, the Global Animated Films market to witness a CAGR of 2.5% during forecast period of 2023-2028. The market is segmented by Global Animated Films Market Breakdown by Application (Children, Adults) by Type (Traditional Animation, 2D Animation, 3D Animation, Motion Graphics, Stop Motion) by Releasing Screen Version (Theatre Version, Original Video Animation Version) by Genres (Action Films, Amateur Films, Animé Films, B Movies, Biographical Films, Blaxploitation…
Global Animated Films Market Size, Share, And Research Report 2021 - 2030 : Key …
The Global Animated Films Market Size was valued at USD 350.23 billion in 2021 and is expected to reach USD 560.32 billion by 2030, growing at a CAGR of 5.20 % during 2021-2030.
Request To Download Free Sample copy of the report @ https://www.sphericalinsights.com/request-sample/1064
Our analysts are monitoring the situation globally to help you understand how COVID-19 will affect the Animated Films Market
The Animated Films global market research studies offer an in-depth…
Mango Animate's Drawing Animation Maker Formulates Thoughts Into Animation
Mango Whiteboard Animation Maker is known as Mango WM among users. This drawing animation maker (https://mangoanimate.com/products/wm) is an easy-to-use software program with an intuitive user interface and easy-to-learn tools, which allows users to create their own animation videos without any prior experience with ease. It provides a library of pre-made objects and characters that can be used as starting points for custom creations, making everything easy.
The hand-drawing feature of this…
Medical Animation Market 2020 Sees Promising Growth | Leading Players are Hybrid …
The primary sources employed while generating this Medical Animation Market report include the industry experts from the industry comprising the management corporation, processing organizations, analytical service suppliers of the industry’s value chain. All primary sources are interviewed to accumulate the data and validate qualitative & quantitative information and conclude future prospects. Secondary research consists of key data about the industry value chain, the complete pool of major players, and application…
