Global Animation Design Software Market 2017-2021

Overview of the global animation design software market

Technavio’s market research report predicts that the global animation design software market will grow at a CAGR of above 16% during the forecast period. Increasing use of animation design in movies and video games is one of the primary drivers for market growth. The fame status of the animated films is growing far and wide across the globe with films such as Cars, Toy Story, and The Incredibles, gaining high ratings from the viewers. Owing to the advanced graphics, quicker rendering of frames compared to 2D and animation techniques, the demand for the 3D movies and games are rising heavily. Moreover, the gaming industry is the chief end-user in the market offering splendid 3D animation effects with the ability to provide complex animations.

One of the latest trends that will gain traction in the global animation design software market is the increase in virtual reality (VR) animations. Making its way into the traditional cinema industry is the VR videos, and there are numerous short videos produced in the VR format. Many movie makers are anticipated to step into the VR animation filmmaking during the forecast period which will further drive the animation design software growth globally. Moreover, the rising demands for VR animated films have prompted companies like Baobab Studios to analyze the possibilities of the VR films and have received funding of USD 6 million from Comcast Ventures to produce VR animated films.

Competitive analysis and key vendors