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Global Animation Software Market was valued US$ 250 Bn in 2017 and is expected to reach US$ 490 Bn by 2026, at a CAGR of 8.78 % during forecast period.

Global Animation Software Market

Animation software produces animated images by using computer graphics. It contains libraries of animations, automatic lip synching, customizable characters, and pre-defined sets. With the rising popularity of internet, demand for animated entertainment is being expanded and broadcasting hours by cable TV operators. Other factor contributing to the growth of animation software market is the increase in usage of smart phones. Still, easy availability of open source animation software is the major barrier adversely affecting the growth of this market.

Current animation industry is influenced by huge multinational studios as well as TV broadcast companies and cable channel companies. They are engaging in activities from pre-production to distribution, as well as original sources of revenue like DVD sales & intellectual property licensing. Multinational studios influence various forms of partnership, joint ventures and co-production with global partners.

Adding visual effects and there are built-in functions by which it is possible to take the back-up of work in progress. Defects in using 2D animation software is, it is costly and one needs to be proficient in using computers. 3D animation software is used for making visuals that are accurate and visually stunning. This software is introduced to create blockbuster movies like Batman and Transformers to take imaginary thoughts to real life. There are several tools that are made available for the artist to make the creation look real, still, the error being that learning 3D animation software takes too much time and can be learned only under proper guidance.
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