Animation and VFX Market Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

 

Animation and VFX Market
Animation and VFX Market

Not only are YouTube, Twitter, and Facebook used to watch animation, VFX, and gaming content, but also Netflix, Amazon, Hulu, and Twitch. Customers are spending more time streaming digital content as a result of increased internet usage and access to multimedia devices. Animation's fastest-growing distribution channel is streaming video, which is expected to continue to grow by double digits. This expansion is attributed to the worldwide, exponential rise in the number of people who watch online videos.

Over the course of the forecast period, North America is anticipated to rule the global animation and VFX market. This is brought on by escalating technological advancements and rising market participant investments in the creation of regional anime films. For instance, Netflix, a provider of OTT streaming services, is increasing its investments in anime series and has set a goal of releasing 40 new anime series in 2021.

Additionally, it is anticipated that Asia Pacific will experience significant growth in the global animation and VFX market during the forecast period as a result of rising market demand, government policies, expanding corporate footprints, and increased TV distribution in nations like China.

Over the forecast period, the global animation and VFX market is anticipated to grow at a rapid clip thanks to the rapidly expanding hybrid animation with 3D enabled technology. Combining 2D and 3D animation creates hybrid animation. For the creation of short stories, cartoons, and other content, this technique has emerged as one of the most popular ones. Therefore, it is anticipated that increasing use of hybrid animation will spur market expansion in the near future.

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