DUBLIN, Feb. 15, 2021 /PRNewswire/ — The “African Animation, VFX & Video Games: Strategies, Trends & Opportunities (2021-25)” report has been added to ResearchAndMarkets.com’s offering.
Global consumers are displaying a growing appetite for engaging, high-definition visual experiences. Moviegoers are demanding high-quality productions with engaging visual effects and realistic animation and studios are including more animation and VFX shots into films. Consumers are consuming more immersive content across channels such as ultra-high-definition TVs, tablets and smartphones to head-mounted devices. Animation, VFX and games content is being consumed not only on Netflix, Amazon, Hulu and Twitch, but also on YouTube, Twitter and Facebook. With the growing internet penetration and access to multimedia devices, customers are spending more time streaming digital content. Streaming video is the fastest-growing distribution channel for animation and is witnessing double digit growth and the same is expected to continue. This growth is attributed to the exponential growth in the number of online video viewers throughout the world.
The demand for animation, VFX and video gaming has expanded with the increase in targeted broadcasting hours by cable and satellite TV, availability of low cost internet access, penetration of mobile devices along the growing popularity of streaming video. In addition, the demand for Animation and VFX content to power immersive experiences such as Augmented Reality and Virtual Reality is growing exponentially. The rapid advancement of technology has made animation, VFX & games available to the masses, and this industry has become one of the fastest-growing segments in the global media and entertainment market. We are increasingly seeing more animation, VFX and games production taking place in a globally distributed mode. Production work is becoming global with countries as well as regions offering tax incentives, subsidies, financial support, regional low labor costs, etc. and companies are cutting costs by setting up facilities in such regions. Cloud computing is playing a key role in character rendering and modeling processes as cloud based rendering of animation films is more effective and efficient as it reduces the time and cost compared to traditional rendering.
Cloud Gaming services that are growing at an exponential pace would need the right pricing model to both drive adoption and generate sufficient returns for platforms and publishers. The availability of low cost micro-payment systems is allowing users to pay for access or download small quantities of digital content and is the key for the online games market to grow. Artificial Intelligence and Machine Learning based techniques are being used for in-game analytics, customer acquisition, retention, cross sell, churn, classify player behavior, etc.
MARKET SIZE
- The market size of the Global Animation, VFX & Video Games industry was US$ 261 billion in 2020
- Most of the segments in the animation industry are growing at the rate of 2-3% YoY
- The market size of the Global Video Gaming industry was US$ 105 billion in 2020
- The production cost per animation movie ranges anywhere between US$ 20 US$ 300 million
- The spend on special effects as a percent of production cost is about 20%-25%
Key Topics Covered:
Executive Summary
1. Global Animation & VFX Industry
2. Animation & VFX Market Segments
3. Emerging Trends & Future of Animation & VFX
4. Global Television Animation Content Demand
5. Animation & VFX Content Creation
6. Audience Dynamics
7. Economics of Animation & VFX
8. Guidelines for Setting up an Animation Studio
10. Managing an Animation & Video Games Studio
11. Global Video Games Industry
12. Africa Animation, VFX & Video Games
Companies Mentioned
- 20th Century Fox
- 37 Interactive
- 3Dimension
- 4K Media
- 99Games
- Aardman Animation
- Activision Blizzard
- Artech
- Artix
- Astrum
- Bethesda Softworks
- Big Ant
- Big Fish Games
- Codemasters
- Coding Monkeys
- COLOPL
- Columbia Pictures
- Com2uS Corp.
- Deep Silver / Koch
- DeNa ngmoco
- Denis Sonin
- Denki
- Depth
- Dhruva
- DHX Media
- DreamWorks
- EA Sports
- Eden
- Egypt Animation Studios
- Eidos
- Elex Wireless
- Elite Media Kenya
- Epic
- Eugen
- Eurocom
- FunPlus
- Gala Networks
- Gameforge
- Gamers First
- Gamevil
- Gameware
- Hanbit
- Harmonix
- Hasbro
- Hive Studios
- Laika Entertainment
- LucasArts
- Lucky Boom Games
- Moonton
- Morgen
- My.com B.V.
- MyTona
- N Wave
- N3TWORK Inc.
- Namco Bandai
- NaturalMotionGames Ltd
- NBC Universal
- NCSoft
- Nexters Global LTD
- Nexway
- Ngendo
- NHN
- Niantic, Inc.
- Nickelodeon
- Nikitova
- Nintendo
- Nival
- Rainbow
- Rare
- RealNetworks
- Recoil
- Red Rover
- Redemption Games
- RedLynx
- Shy the Sun
- Silicon Knights
- Sirnare Creative Studio
- Slant Six
- Small Giant Games
- Smilegate
- Social Point
- Sony
- Square Enix
- Tecmo Koei
- Ten Square Games
- Tencent Mobile International
- The Lego Group
- The Pokemon Company Intl.
- The Refinery
- The Tetris Company
- The Video Lab
- The Walt Disney Company
- The Weinstein Company
- THQ
- Triggerfish Animation
- Trion Worlds
- Valve Corporation
- Vanguard Animation
- Vicarious Visions
- Vigil
- Wargaming Group
- Warner Bros
- Wild Brain
- WildTangent
- Wolfpack
- ZQ Game
For more information about this report visit https://www.researchandmarkets.com/r/svl2ov
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