Cloud-based Segment to Dominate Europe 3D Animation Software Market During 2021–2028  
  
According to a new market research study on “Europe 3D Animation Software Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Technology, Deployment, and Application” is expected to reach US$ 10,439.70 million by 2028 from US$ 5,141.56 million in 2021. The market is estimated to grow at a CAGR of 10.6% from 2021 to 2028. The report provides trends prevailing in the Europe 3D animation software market along with the drivers and restraints pertaining to the market growth.   Rising utilization of 3D animation software for 3D mapping and laser scanning and increasing adoption of visual effects (VFX) in the entertainment industry are the major factor driving the growth of the Europe 3D animation software market. However, concern about piracy and price sensitivity in 3D animation software hinders the growth of Europe 3D animation software market.     

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

Adobe, Autodesk Inc., Corel Corporation, MAGIX, Maxon Computer GmbH, NewTek Inc., SideFX, and Strata are among the leading companies in the Europe 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, The Corel Corporation had acquired the popular ad-blocking extension Ad Remover with a plan to expand its Utility Software Portfolio through various brands namely, WinZip System Utilities, Parallels Toolbox, ReviverSoft and SimpleStar.    

Europe 3D Animation Software Market, By Country, 2020 and 2028 (%)  


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