Animation software enables users to generate moving graphics from visual files. Animation software is used in TV shows, films and commercials to add music or additional effects. Animation software is one of the innovative ways in exercising one’s imaginations, and promoting business.

Increasing use of animation technologies in various end-use industries coupled with technological advancements, and growing Internet penetration are major factor boosting growth of the global animation software market. On the other hand, lack of expertise and requirement of large amount of initial investment are major factors hampering growth of the global animation software market.

On the basis of industry vertical, the global animation software market is segmented into media & entertainment and gaming. The gaming segment is anticipated to witness significant growth over the forecast period, and is expected to register a CAGR of XX.X%. Also, media & entertainment segment is projected to witness moderate growth over the forecast period.

The global animation software market report has been segmented on the basis of type, industry vertical, and region. On the basis of region, the global animation software market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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The market in North America accounted for highest share in terms of revenue in the global market, and is projected to maintain its dominance over the forecast period. This can be attributed to high disposable income and high investments in animation technologies in the region. Revenue from the market in Asia Pacific accounted for second-highest share and is closely followed by the markets in Europe, Latin America, and Middle East & Africa respectively. This is attributed to increasing adoption of advanced technologies in the region. Furthermore, the market in Asia Pacific is projected to witness significant growth over the forecast period, and is expected to register a CAGR of XX.X%. Also, the markets in Latin America and Middle East & Africa are projected to witness moderate growth over the forecast period.

Prominent players in the global animation software market include Daz Productions, Inc. The Electric Image Animation System, NewTek, Inc. Nemetschek Group, Pixologic, Inc. Smith Micro Software, Inc. Adobe Systems Incorporated, Corel Corporation, and Autodesk, Inc.