Growing adoption of 3D animation solutions for various applications

Rapid technological advancement coupled with the availability of computer animation to the animation industry and consumers is bolstering the growth of global 3D animation market.

Growing adoption of 3D animation solutions for various applications such as photo imaging, computer gaming, advertisement, commercial production, and fashion and textile is further augmenting the demand for 3D animation software and technologies across the globe. Other growth drivers include favorable government regulations, availability of low-cost compatible 3D hardware, and internet connectivity. The rising use of 3D animation in architecture sector will propel the growth of 3D animation market in the forthcoming years.

According to Research and Markets, Global 3D animation market is projected to expand at a CAGR of 14.27% over the forecast period to reach US$18.792 billion by 2022, from US$9.647 billion in 2017.

North America holds the largest share of global 3D animation market due to the presence of a large number of 3D animation vendors coupled with vast gamer population in the region.

Europe will also witness a significant growth of 3D animation market owing to the growing adoption of 3D animation software and solutions by European automotive industry in order to provide an enhanced overall appearance and design of vehicles.

APAC region is projected to witness the fastest regional market growth due to the growing presence of market players in emerging economies such as Japan, India, and South Korea.