Global 3D Animation Software Market to Grow 12.45 Percent by 2020

The global 3D animation software market will see steady growth over the next four years, according to market research company Research and Markets.

The firm expects the market for 3D animation software to grow at a compound annual growth rate of 12.45 percent between 2016 and 2020.

“There are numerous tools available to the end users to create a realistic virtual image according to their requirements,” said the report. “Apart from creating animated movies like Frozen and Shrek, 3D animation is also used in films to improve the visual effects, and also in AEC and automotive projects. The rapid advancement in technologies and use of animation software in the media and entertainment and other industries has made 3D animation population among the general masses.”

Key vendors include Adobe, Autodesk, Corel, Electric Image Animation System, Maxon, and Side Effects Software.