Africa Animation, VFX and Video Games Market Report 2022
DUBLIN, April 27, 2022 /PRNewswire/ -- The "Africa Animation, VFX and Video Games: Strategies, Trends & Opportunities (2022-26)" report has been added to ResearchAndMarkets.com's offering.
The African Animation, VFX and Video Games industry has the potential to emerge as an engine of growth for the continent. The industry is in a phase where we are seeing the emergence of several African animation companies and animators working on attractive stories and content leveraging the continent's large potential for stories.
Several animation studios in Africa release their content through online channels such as YouTube, which is attracting millions of subscribers both from the continent as well as worldwide. African studios are making new inroads by launching original locally produced content on Netflix. Several local content productions have been nominated for several global awards including the Oscars. The Annecy Festival in 2020 will be focusing on animation from Africa.
There are a handful of globally renowned animation studios as well as several hundreds of small and medium-sized studios producing content tailored to local tastes. Supply of animation talent, which has historically been limited, is emerging with support and intervention of several government and industry initiatives to develop and support African animation through university courses and vocational training courses which provide theoretical and practical hands-on learning on Animation, VFX and Video Games.
There are vast sections of the African continent where the potential for Animation, VFX & Video games has not yet been realized and calls for closer participation between government, industry and academia to catalyse the industry growth. The industry needs support in the form of training, funding, tax incentives, market reach, access to hardware and software, legal support to protect the content IP. access to global distribution and collaboration networks etc.
Countries such as South Africa, Nigeria, Egypt, Kenya, Tanzania, Uganda, Ghana, Zimbabwe and Ethiopia are emerging as the leaders from Africa through content productions as well as collaborations. This includes content for movies, television, games, augmented reality, virtual reality, advertising, web designs and industrial applications such as architecture, engineering, industrial design, healthcare, education, medicine, and the motor industry.
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 with 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 of 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 labour 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 modelling processes as cloud-based rendering of animation films is more effective and efficient as it reduces the time and cost compared to traditional rendering.
Key Topics Covered:
Animation & VFX Market Segments
Animation Streaming Video On Demand
Emerging Trends & Future Of Animation & VFX
Global Television Animation Content Demand
Animation & VFX Software Market
Animation & VFX Content Creation
Economics Of Animation & VFX
Guidelines For Setting Up An Animation Studio
Managing An Animation & Video Games Studio
Global Video Games Industry
Global eSports Market
Africa Animation, VFX & Video Games
For more information about this report visit https://www.researchandmarkets.com/r/6kbypv
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