Industrial animation software is now being used in China, making it a hot commodity, and it’s becoming increasingly common in emerging markets like China.
The company, called Industrial-Art Animation, recently announced it has entered the Chinese market and that it’s expanding globally.
The company said that in 2015, it saw “more than 20 percent growth in the volume of applications generated in China and around 80 percent growth of its revenue,” citing “more and more applications developed using the software.”
It added that the software has been used in projects like “Chinese flag production,” “Chinese film production,” and “Chinese graphic design.”
In a statement, the company said it started out by creating “a digital art and design studio” and it “then became an industrial animation studio” before moving to the Chinese markets.
It said that it plans to “continue to expand internationally.”
“In the future, we plan to provide services in all fields, including digital and physical art, animation, production, and distribution.
We hope that this will provide more opportunities for our customers and investors in the future,” it added.
Industrial-Art Automation Technologies was founded in 2012 by an entrepreneur named Zhang Zhongwei, and its products include “industrial animation tools for both the visual and the digital industries.”
The company was valued at $13.6 million, according to a report from VentureBeat.
The firm is one of the world’s leading industrial-art software companies, according the report.
China has been increasingly investing in digital assets like animation, with more than $50 billion invested in its digital assets in 2015.
According to the Digital Asset Technology Report, China has become the leading digital economy, accounting for $22.4 trillion in value.
China is the second-largest economy in the world behind the United States, with $17.4 billion in digital goods and services in 2015 alone.
A major concern is that the technology is becoming increasingly difficult to regulate and to protect.
As the Chinese government attempts to control digital currency in its country, Chinese investors are increasingly worried that the government could use the technology to stifle the market.