Report : Asia-Pacific 3D Animation Software Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Technology [3D Modelling, Motion Graphics, 3D Rendering, Visual Effects (VFX), and Others], Deployment (Cloud-Based and On-Premises), and Application (Media and Entertainment, Healthcare and Lifesciences, Manufacturing, Education and Research, and Others)

Media and Entertainment Segment to Dominate APAC 3D Animation Software Market During 2021–2028   

According to a new market research study on “APAC 3D Animation Software Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Technology, Deployment, and Application” is expected to reach US$ 9,179.06 million by 2028 from US$ 3,827.57 million in 2021. The market is estimated to grow at a CAGR of 13.3% from 2021 to 2028. The report provides trends prevailing in the APAC 3D animation software market along with the drivers and restraints pertaining to the market growth. Integration of virtual reality (VR) technology and rising demand for 3D animation software in education sector are the major factor driving the growth of the APAC 3D animation software market. However, concern about piracy and price sensitivity in 3D animation software hinders the growth of APAC 3D animation software market.      

The APAC 3D animation software market is segmented on the basis of technology, deployment, application, and country. Based on technology, the APAC 3D animation software market is segmented into 3D modeling, motion graphics, 3D rendering, visual effects (VFX), and others. The 3D modeling segment dominated the APAC 3D animation software market in 2020 and visual effects (VFX) segment is expected to be fastest growing during forecast period. Based on deployment, the APAC 3D animation software market is bifurcated into cloud-based and on-premises. The cloud-based segment dominated the APAC 3D animation software market in 2020 and same segment is expected to be fastest growing during forecast period. Based on application, the APAC 3D animation software market is segmented into media & entertainment, healthcare & life sciences, manufacturing, education & research, and others. The media & entertainment segment dominated the APAC 3D animation software market in 2020 and healthcare & life sciences segment is expected to be fastest growing during forecast period. Based on country, the APAC 3D animation software market is segmented into the China, India, Japan, South Korea, Australia, and rest of APAC.           

Adobe, Autodesk Inc., Corel Corporation, MAGIX, Maxon Computer GmbH, NewTek Inc., SideFX, and Strata are among the leading companies in the APAC 3D animation software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, SideFX, had announced its partnership with Weta Digital, one of the world’s premiere visual effects studios. This initiative will enable unprecedented levels of creativity, allowing artists to take advantage of the deep integration between Houdini and Weta Digital’s award-winning technology.    

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