LONDON — (BUSINESS WIRE) — November 10, 2014 — Growing consumption of computer animated content is prompting a CAGR of 15.09 percent from 2014-2018 in the Global Animation and Design Software Market, says research firm TechNavio.

Audiences worldwide are demanding better, more immersive virtual experiences from movies and video games. As a result, production houses have started relying on advanced 3D technology, which is driving huge demand for animation software worldwide.

About the Report

A new report from TechNavio emphasizes a growing need for animation software from both professional production houses as well as individuals.

The animation industry has evolved over time, inspiring many individuals to take up animation as a hobby or leisure activity. Many software vendors have identified this trend and have started creating basic animation software for non-professional individual users.

“Though open-source softwares are easily available on the internet, they lack many features, and do not provide users with a complete experience. This presents a great opportunity for vendors to provide simple, tailor-made animation software to individuals,” says Faisal Ghaus, Vice President of TechNavio.

“Customized animation software helps vendors stand out from the competition, increase their revenues and locate alternative revenue streams.”

Key Information Covered in the Report:

• Market segmentation, size and forecast through 2018
• Market Growth Drivers:
  • Increased Need for Animation in Movies
  • For a full detailed list, view our report.
• Market Challenges:
  • High Cost of Animation Content in Developing Countries
  • For a full detailed list, view our report.
• Market Trends:
  • Increased Need for Animation from Individuals
  • For a full detailed list, view our report.
• Key Vendors:
  • Adobe Systems Inc.
  • Side Effects Software Inc.
  • Toon Boom Animation Inc.
• Other Prominent Vendors:
  • Credo Interactive
  • Electric Rain
  • MAXON Computer
  • Newtek

TechNavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the software market:

• Global Scheduling and Automation Software Market 2014-2018
• Global Digital Manufacturing Software Market 2014-2018
• Global Problem Management Software Market 2014-2018

If you are interested in more information, please contact our media team at media@technavio.com.