Global animation software market to grow at a CAGR of 18.1%

The global animation software market has been forecast to grow at a compound annual growth rate (CAGR) of 18.1% over the period to 2015.

Growth within the industry is being driven by the increasing adoption of animation content in the entertainment sector.

Recently, the demand for 2D and 3D animation content has increased in movies across the world because this content improves the graphical display, productivity, and clarity of pictures.

The gaming industry of the entertainment sector is a major adopter of animation software. As a result of the increasing demand for games with enhanced visual display, the demand for animation is increasing in the gaming industry.

The global animation software market has also been witnessing the outsourcing of animation content. However, piracy issues could pose a challenge to market growth.

The outsourcing of animation content is an emerging trend in the market. Organizations in the Animation industry are outsourcing their animation content to reduce their production costs.

Some developed countries have begun to outsource animation content to countries in the APAC region such as the Philippines, Japan, Korea, and India, thereby tapping the cost advantage.

Thus, the outsourcing of animation content helps many animation software vendors increase their market presence across the world.

Key players within the global animation software market include Autodesk Inc., Adobe Systems Inc., Side Effects Software Inc., and Toon Boom Animation Inc.

For more information on the global animation software market, see the latest research: Global Animation Software Market Report

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