DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "3D Animation Market by Technology (3D Modeling, Motion Graphics, 3D Rendering, and Visual Effects), Vertical (Media and Entertainment, Healthcare and Lifesciences, Manufacturing), Services, Deployment, and Region - Global Forecast to 2022" report to their offering.
The 3D animation market - Global Forecast to 2022, the market is expected to grow from USD 12.01 billion in 2017 to USD 21.05 billion by 2022, at a CAGR of 11.9%.
Increasing adoption of visual effects (VFX) in the entertainment industry is one of the crucial factors impacting the 3D animation market. VFX is majorly preferred by animators, game developers, and moviemakers in the scenario where they technically want to depict something that cannot be shot in a live environment.
In addition, 3D mapping and 3D laser scanning features to assist professionals in geospatial, geological, geophysical, and mining environments to visualize and map the coordinates is gaining traction. The continuous exposure to corruption and piracy, a low level of proficiency, intense competition, and increasing price sensitivity are some of the challenges for the growth of the market.
Companies create 3D animated contents for various verticals such as media & entertainment, architecture & engineering, and defense & intelligence. The software used for the creation of 3D animation objects are 3D rendering, 3D modeling, and character rigging. 3D animated movies require development services for running smoothly on different operating systems such as Windows and Unix.
Companies integrate 3D animation modeling with integration and deployment services such as instructional designing, creative branding, and other such services to provide architectural, engineering, and artistic solutions. These services help in developing realistic 3D content efficiently and converting ideas into 3D designs and models.
Asia-Pacific (APAC) is projected to grow at the highest rate during the forecast period
- Growing Adoption of Visual Effects Technology in Movies
- Increasing Demand for 3D Mobile Applications and Games
- Increase in the Use of 3D Mapping Technology in Navigation and Geospatial Analysis
- Threat From Piracy
- Emergence of Virtual Reality and Artificial Intelligence Technologies
- Advent of Stereoscopic 3D Gaming Using 3D Animation Technology
- Emerging 4D and 5D Technologies to Drive the Animation Market
- Growing Use of 3D Animation Technology in Medical Forensics
- Lack of Investment and Government Support
- Low Level of Proficiency
- Intense Competition Increasing Price Sensitivity
- Adobe Systems Inc.
- Autodesk Inc.
- Corel Corporation
- Maxon Computer
- Newtek Inc.
- Nvidia Corporation
- Pixologic Inc.
- Sidefx Software
- The Foundry Visionmongers Ltd.
- Toon Boom Animation Inc.
- Trimble Navigation Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/fc25ln/3d_animation