From GlobeNewswire: 2024-11-12 09:00:00

The Animation Software Market is set to grow from USD 141.8 billion in 2023 to USD 191.1 billion by 2032, with a CAGR of 3.4%. Key drivers include demand from film, gaming, advertising, and education sectors. AI-powered tools like Adobe Sensei and cloud-based platforms are fueling market growth, making animation software more accessible to SMEs and creators.

Major players in the market include Adobe, Autodesk, Toon Boom, Blender Foundation, Maxon Computer, Corel Corporation, and more. With the industry expected to reach USD 250 billion by 2028, animation software is crucial for creating realistic gaming experiences, virtual reality environments, and educational content. Innovations in AI and machine learning are enhancing animation software capabilities, leading to faster production and complex designs.

In 2023, the media and entertainment segment dominated the market, driven by increased demand for animated films and series. The healthcare and life sciences segment is projected to have the highest CAGR, with investments in digital tools like animation software for patient education and training expected to reach USD 200 billion by 2030. Animation helps simplify complex medical concepts for patients and aids in education through visual representation. The animation software market is poised for growth as industries recognize its value in enhancing communication. Segmented by product, solution, deployment, and end-use sectors, North America leads the market with 36% global share, driven by major animation studios and demand for animated content. Asia Pacific shows the highest growth potential, fueled by expanding media and entertainment sectors. Recent developments include Autodesk’s new version of Maya and Adobe’s suite of creative tools with machine learning features. For more information on the market, visit SNS Insider’s website.



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