3D Animation Software Market Valuation is Estimated to Surpass 47.5 Billion by 2032 | Astute Analytica [Yahoo! Finance]
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Source: Yahoo! Finance
With a projected CAGR of 12.1%, the industry's expansion highlights significant growth potential and transformative impacts across various sectors. New Delhi, June 20, 2024 (GLOBE NEWSWIRE) -- The global 3D animation software market is projected to reach valuation of US$ 47.5 billion by 2032 from US$ 17.0 billion in 2023 at a CAGR of 12.1% during the forecasted period 2024-2032. The global demand for 3D animation software has surged dramatically, driven by a confluence of factors that span various industries. According to Astute Analytica's experts, the primary driver is the burgeoning entertainment sector, which includes film, television, and video games. In 2023, the global animation and VFX market size was valued at $270 billion, with a projected annual growth rate of 10.2% through 2032. The cinematic industry, in particular, has embraced 3D animation for its ability to create visually stunning effects that captivate audiences. For instance, the box office revenue of animated f
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