Global Animation Software Market - Industry Analysis and Forecast 2021-2028 | Growth Market Reports

The global animation software market is projected to expand at a significant CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to the increasing demand of the software in the animation industry. The substantial growth of the animation industry in recent years is a result of an increase in outsourcing to emerging countries for cost savings.

Animation is a method to manipulate or represent animated figures to appear as moving objects. Photos are drawn or painted by hand on translucent celluloid sheets, which are to be photographed and used on screen in conventional animation method. The majority of today's animations are created using computer-generated imagery (CGI) and the software used to create such effects are called animation software. Digital animation can be very complex and varied. Majority of the animation can be either 3D animation or 2D computer animation, which are widely used for stylistic purposes, low latency, or faster real-time renderings. Stop motion animation is used to create two- and three-dimensional models such as paper cutouts, puppets, and clay figures.

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Market Trends, Drivers, Restraints, and Opportunities

• Rising popularity of animated films, cartoons, and games is a key factor driving the market growth.
• Growing demand for the software from end users such as online instructional services, visualization providers, and web designers who provide clients with value-added content are expected to drive business growth.
• Increasing concerns for piracy is a big issue in the market, which is expected to have a direct effect on the animation industry's revenues. Due to bugs and malware attacks, the growing piracy is anticipated to hamper the market growth. However, companies such as Nintendo of America Inc. have stepped up to take robust anti-piracy measures.
• Lack of expert workers to operate the software acts as a major challenge that can impede the market expansion in the coming years.
• Technological advancement and massive R&D activities to enable the production of innovative and advanced software are offering lucrative opportunities for the market expansion.

Market Segment Insights

2D and 3D segment to hold a key share in the market

Based on types, the global animation software market is divided into flipbook animation, stop motion, 2D animation, and 3D animation. The 2D and 3D segment in combined accounts for a key share of the market and is expected to hold a key market share in the coming years. The availability of advanced 3D techniques as well as the success of 2D and 3D animation in the film industry are expected to fuel the demand for animation applications. On the other hand, flipbook animation segment is projected to register a substantial growth rate during the forecast period. The animation, being one of the oldest animation techniques, represented a key income generating animation segment due to its popular model using a sequence of well-drawn images. Other important techniques include stop motion animation, which focuses on real structures to produce animation structure. When a string of frames is played in a continuous sequence, the animation effect is mainly generated for the illusion of movement.

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Regional Outlook

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to exhibit a robust CAGR during the forecast period owing to strong presence of key global animation companies and wide adoption of advanced software in the animation industry. Rising investment from key players in the region for the technological advancement is another key factor boosting the regional market expansion.

Compititive Landscape

Some of the prominent players in the market are Autodesk Inc, Adobe Systems, Pixar, Maxom Computer GmbH, Blender foundations, Toon Boom Animation Inc., and Side Effects Software Inc. These players are constantly working on improving 2D and 3D animation software with the help of Adobe After Effects, Pivot Stick figure Animator, Flip note Studio, Autodesk 3ds Max, Autodesk Maya, and Cinema 4D. This is due to the advantages provided by these methods such as quick designs and a variety of visual effects, which are expected to positively affect consumer development. Increasing quality of images produced by 3D animation techniques, 3D animation applications such as Autodesk Maya, Autodesk Softimage, Cinema 4D, and Blender3D animation techniques are expected to gain popularity. Adobe Systems, Nintendo, Dream, and Autodesk are among the companies that have produced these programs.

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