Ø Rapid Technological Advancements: Continuous innovation in AI and machine learning enhances animation tools, offering creators more powerful and versatile capabilities.

Ø Growing Demand Across Industries: High demand for high-quality animations in entertainment, gaming, advertising, and education drives market expansion and adoption of AI tools.

Ø Efficiency and Cost Reduction: AI tools streamline production processes, automate complex tasks, and significantly reduce time and costs, making high-quality animation more accessible.

Ø Real-time Animation and Virtual Production: The rise of real-time rendering and virtual production techniques facilitated by AI transforms traditional workflows and boosts market growth.

Ø Increased Customization and Personalization: AI enables more personalized and customizable animation experiences, catering to diverse consumer demands and enhancing user engagement.

According to a new report by UnivDatos , the AI Tools for Animation Market was valued to at USD 365 Million in 2023 and growing at a CAGR of ~17%. The growing application of AI in educational tools for teaching animation and related skills supports market growth. Adding to this, AI tools reduce production time and costs by automating repetitive tasks and improving workflow efficiency. As per WorldMetrics.org, in 2024, It is estimated that AI can potentially cut the cost of animation production by close to 70%. There is a growing emphasis on forming strategic partnerships with technology companies and content creators can expand market reach and enhance technological offerings. Moreover, companies launch research and development to improve AI capabilities and maintain a competitive edge continuously. For instance, on April 16, 2024, Kartoon Studios announced the development of a new proprietary generative AI toolkit and workflow, “GADGET A.I.,” designed to enable the development, production, and post-production of new animated content, as well as revitalize and upgrade the quality and distribution reach of thousands of existing catalog episodes and acquisitions.

Access sample report (including graphs, charts, and figures): https://univdatos.com/reports/ai-tools-for-animation-market?popup=report-enquiry

The ability to make continuous advancements in AI technologies enables AI Tools for Animation to offer more sophisticated interactions and functionalities. Some of the most performed AI Tools for Animation include:

·        On July 2, 2024, HCLTech and IBM announced a new collaboration to establish a Generative AI Center of Excellence (CoE) based on the IBM watsonx AI and data platform. The CoE, which is available through HCLTech’s AI and Cloud Native Labs in London and Austin, TX., is designed to help global enterprises build custom AI applications, expand data capabilities, and accelerate responsible AI workflows.

·        On June 4, 2024, Brompton Technology introduced the latest Tessera V3.5 software features at this year’s InfoComm 2024, bringing significant improvements and functionality for professional workflows in live events, virtual production, broadcast, XR, corporate, and esports markets. Additions include Frame Store, Hidden Markers, and Dark Time Insertion, which complement Tessera’s already industry-leading capabilities. Tessera V3.5 will be available to Brompton users in June.

·        On May 21, 2024, Autodesk, Inc. announced it had acquired Wonder Dynamics, makers of Wonder Studio, which is a cloud-based 3D animation and VFX solution that combines artificial intelligence (AI) with established tools. Autodesk’s acquisition of Wonder Dynamics allows more creators to add 3D animated characters to their projects and stories while minimizing the learning curve and automating typically complex and time-consuming processes.

Click here to view the Report Description & TOC- https://univdatos.com/reports/ai-tools-for-animation-market

According to the report, the impact of AI Tools for Animation resources has been identified to be high for the North American area. Some of how this impact has been felt include:

Asia-Pacific is expected to grow with a significant CAGR in the forecast period (2024-2032) owing to the rapid AI and machine learning innovations that are driving the adoption of advanced animation tools, making production processes more efficient and cost-effective. Countries like China, Japan, and India are leading digital transformation efforts, integrating AI tools in various industries, including media and entertainment. Moreover, companies are increasingly investing in AI-driven solutions to enhance creativity, streamline production processes, and meet the rising demand for high-quality animation content across diverse regional platforms. On July 2, 2024, HCLTech and IBM announced a new collaboration to establish a Generative AI Center of Excellence (CoE) based on the IBM watsonx AI and data platform. The CoE, which is available through HCLTech’s AI and Cloud Native Labs in London and Austin, TX., is designed to help global enterprises build custom AI applications, expand data capabilities, and accelerate responsible AI workflows.

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