Report : Middle East & Africa 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)
3D Modelling Segment to Dominate MEA 3D Animation Software Market During 2021–2028
According to a new market research study on “MEA 3D Animation Software Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Technology, Deployment, and Application” is expected to reach US$ 1,457.62 million by 2028 from US$ 823.52 million in 2021. The market is estimated to grow at a CAGR of 8.5% from 2021 to 2028. The report provides trends prevailing in the MEA 3D animation software market along with the drivers and restraints pertaining to the market growth. Rising demand for 3D animation software in education sector and integration of virtual reality (VR) technology are the major factor driving the growth of the MEA 3D animation software market. However, concern about piracy and price sensitivity in 3D animation software hinders the growth of MEA 3D animation software market.
The MEA 3D animation software market is segmented on the basis of technology, deployment, application, and country. Based on technology, the MEA 3D animation software market is segmented into 3D modeling, motion graphics, 3D rendering, visual effects (VFX), and others. The 3D modeling segment dominated the MEA 3D animation software market in 2020 and visual effects (VFX) segment is expected to be fastest growing during forecast period. Based on deployment, the MEA 3D animation software market is bifurcated into cloud-based and on-premises. The cloud-based segment dominated the MEA 3D animation software market in 2020 and same segment is expected to be fastest growing during forecast period. Based on application, the MEA 3D animation software market is segmented into media & entertainment, healthcare & life sciences, manufacturing, education & research, and others. The media & entertainment segment dominated the MEA 3D animation software market in 2020 and healthcare & life sciences segment is expected to be fastest growing during forecast period. Based on country, the MEA 3D animation software market is segmented into the UAE, Saudi Arabia, South Africa, and rest of MEA.
Adobe, Autodesk Inc., Corel Corporation, MAGIX, NewTek Inc., SideFX, and Strata are among the leading companies in the MEA 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, Adobe introduced Innovation Across Creative Cloud Powered by Adobe Sensei, which help accelerates video creation and collaboration across stakeholders with addition of frame.io, advances 3D and immersive categories and previews photoshop and illustrator on the web. The company also introduced a subscription model on Behance to enable creators to monetize the work.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com