3D Animation Market to Reach $33.78 Bn, by 2026 at 11.6% CAGR:

3D Animation Market to Reach $33.78 Bn, by 2026 at 11.6% CAGR: Allied Market Research

Upsurge in use of visual effects in movies, increase in adoption of cloud for animation, and growth in demand for high quality content by consumers propel the growth of the global 3D animation market

PORTLAND, Oregon, Feb. 25, 2020 — (PRNewswire) — Allied Market Research published a report, titled, " 3D Animation Market by Component (Solution and Services), Deployment Mode (On-Premise and Cloud), Technology (3D Modelling, Motion Graphics, 3D Rendering, Visual Effects, and Others), Industry Vertical (Education, Media & Entertainment, Healthcare, Construction & Manufacturing, Retail, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026" According to the report, the global 3D animation industry garnered $14.08 billion in 2019, and is estimated to reach $33.78 billion by 2026, growing at a CAGR of 11.6% from 2019 to 2026.

Drivers, restraints, and opportunities

Increase in use of visual effects in movies, rise in adoption of cloud for animation, and surge in demand for high quality content by consumers fuel the growth of the global 3D animation market. On the other hand, presence of free & open-source animation software impedes the growth to a certain extent. Nevertheless, integration of virtual reality (VR) technology for visual effects is expected to create lucrative opportunities for the key players in the industry.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/6340

The solution segment to lead the trail by 2026

Based on component, the solution segment contributed to more than two-thirds of the global 3D animation market share in 2018, and is expected to rule the roost by the end of 2026, as animation solutions are cheaper than solutions and are faster to deploy. Simultaneously, the service segment would cite the fastest CAGR of 12.4% from 2019 to 2026. Rise in need of various different services such as managed service and professional services drives the growth of the segment.

The on-premise segment held the largest share in 2018

Based on deployment, the on-premise segment held the major share in 2018, generating nearly three-fifths of the global 3D animation market, owing to the increase in the adoption of these systems due to enhanced security features provided by the on-premise model. At the same time, the cloud segment would showcase the fastest CAGR of 12.6% throughout the forecast period, owing to the different services provided by the cloud.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/6340

North America to rule the roost in terms of revenue

Based on geography, the market across North-America accounted for more than one-third of the global 3D animation market revenue in 2018 and is projected to dominate throughout the study period. This is due to increase in demand for visual effects that involves the integration of live-action footage in Hollywood. On the other hand, the Asia-Pacific region would register the fastest CAGR of 14.1% by 2026. This is attributed to increase in partnership of Chinese companies with international VFX companies is expected to fuel the market growth in this region.

Leading market players-

Pixologic Inc
Sidefx Software
NVIDIA Corporation
The Foundry VisionMongers Ltd
Zco Corporation
Corel Corporation
Maxon Computer
Autodesk Inc
Adobe Systems Incorporated
Newtek Inc.

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at:

https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:

https://www.alliedmarketresearch.com/avenue/trial/starter

Visualization & 3D Rendering Software Market Expected to Reach $2,904 Million by 2023

3D Rendering Services Market Expected to Reach $61.65 Billion by 2026

Animation Design Software Market: Global Opportunity Analysis and Industry Forecast, 2019-2026

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

View original content: http://www.prnewswire.com/news-releases/3d-animation-market-to-reach-33-78-bn-by-2026-at-11-6-cagr-allied-market-research-301010694.html

SOURCE Allied Market Research

Contact:

Company Name: Allied Market Research