Global Animation Market : Market Research by Knowledge Sourcing Intelligence

The global animation market is projected to witness a compound annual growth rate of 4.79% during the forecast period, reaching a total market size of US$404.842 billion in 2023 from US$305.750 billion in 2017. With the growing communication and technology industry across the globe many new animation tools are being funneled into the market from various new and established companies in the animation sector on a consistent basis. Availability of a wide range of tools in the market is spurring their adoption among various end-user industries for activities such as gaming, entertainment, and advertisement among several others, which is boosting their market growth. 

Growing competition across industries is leading to the adoption of new and innovative ways of advertising. Rapidly growing media and entertainment industry is also increasing the adoption of advanced animation tools by the industry players to offer high quality animated videos and films to their audience, thus augmenting the market growth. Continuous advancements in technology and expansion of 3D and 4D technologies can be seen as a major growth opportunity for this market in the current scenario as well as in the future. However, issues such as piracy and the shortage of skilled professionals coupled with the high cost of developing quality and appealing animated content may restrain the market growth to some extent. We are providing market research for global animation with complete information.

Global Animation Market Share, by Geography
By geography, the global animation market is segmented as North America, South America, Europe, Middle East, and Africa, and the Asia Pacific. North America and Europe region are estimated to hold significant market shares on account of well-established media and entertainment industry in the region. Asia Pacific region is expected to be one of the fastest growing regions during the forecast period owing to the increasing number of TV channels and growing target customers in the region. Growing retail and healthcare sector in the developing countries is expected to be the prime driver for the growth of the market in the region in the coming years.

global animation market

Sample view of global animation market  share by geography

According to the International Trade Administration (ITA), U.S. Department of Commerce, United States media and entertainment industry is the largest in the world and represents a third of the global media and entertainment industry which includes motion pictures, commercials, streaming content, broadcast among various other products. The retail industry is expected to be immensely benefitted from the animated videos, as it helps to showcase product attributes to their customers, therefore, expanding retail industry is further expected to propel the market growth opportunities for the market in the coming years.
In addition, increasing investment in the gaming industry and growing cloud gaming services which are growing at the exponential rate is expected to drive the market for animation in the coming years. Furthermore, the growing healthcare sector is anticipated to drive the market for the market during the forecast period as the animation is widely used in the healthcare sector; it allows professionals and medical students to visualize the details of the human anatomy with clarity. 

Request Free Sample or Download the report:

For our Information Communication and Technology coverage:

Comments

Post a Comment

Popular posts from this blog

Comprehensive Report on Americas Data Center Colocation Market by Knowledge Sourcing Intelligence

Image
Americas Data Center Colocation Market to Grow at 11.51% CAGR A data center colocation is a facility that allows the business to rent space for servers and other computing hardware. America's Data Center Colocation market is estimated to witness a compound annual growth rate of 11.51% over the forecast period to reach a total market size of $22.954 billion by the end of 2021. America's region is the major market for colocation globally. The region accounted for 50% of the global colocation market in 2015, with the U.S. being the major market in the region. The competitive intelligence section deals with major players in the market, which are Equinix, Rackspace, Telehouse, Verizon, Soft Layer, Colt Technology Services, Zayo Group, Century Link, Coresite Reality Corporation, Internap, Net Data Centers, and Single Hop. Market Drivers: The demand for America's data center colocation market is driven by the increasing concerns regarding the cost of running th
Read more

Market Research Of Global Level Sensors Market By Knowledge Sourcing Intelligence

Image
Level sensors are used for measuring the level within a specified range. It is used for determining the amount of fluids, liquids or other substances that flow in an open or closed system. These sensors are increasingly being used in various industries such as oil and gas, food and beverages, consumer goods, manufacturing, and others. The rising demand for the level sensors to be used in processors and providing a greater performance analysis of the machines/equipment has increased its market share. The factors driving the market for level sensors includes higher adoption of sensors due to its advantages, increasing demand and growth of the autonomous vehicle industry, high usage of internet of things (IoT), increasing investment in research and development by the key players for providing good products to the consumers, and supportive government regulations in various countries. However, the malfunctioning of level sensors is a concern for market growth. Various key players in the
Read more

Comprehensive Report on Biodegradable Superabsorbent Materials Market by Knowledge Sourcing Intelligence

Image
Rising Environmental Concerns – Key Reason for Biodegradable Superabsorbent Materials Market Growth Global Biodegradable Superabsorbent Materials Market is expected to witness moderate growth over the period 2015 to 2021. Growing demand for proper waste disposal owing to the increasing environmental concerns is one of the key drivers of the global biodegradable superabsorbent materials market. Lack of dumping area coupled with stringent government and industry regulations is forcing manufacturers to use eco-friendly products and techniques, thereby augmenting the demand for these materials across the globe. Rising health concerns and growing awareness towards personal hygiene among women will further propel the growth of the global biodegradable superabsorbent materials market in the forthcoming years.  The other major factor contributing to the growth of this the market is burgeoning global population which requires the agricultural sector to increase yield and impleme
Read more