The global animation outsourcing market is projected to grow at a CAGR of 6.40% to reach US$191.985 billion by 2024, from US$132.338 billion in 2018. Outsourcing in animation has become widespread and there is an increasing number of animation companies in developing economies with skilled manpower through training programs. The cost advantage associated with outsourcing is expected to be the prime driver of the growth of the market during the forecast period as global animation players look for cost-effective production options. In addition, outsourcing facilities are increasing in the regions where government support is strong which further propels the market growth opportunities. Furthermore, the rapidly growing media and entertainment industry are also increasing the adoption of outsourcing advanced animation tools by the industry players to offer high quality animated videos and films to their audience at a lower cost, thus augmenting the growth of this market.
The Global Animation Outsourcing Market – Forecasts from 2019 to 2024 is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key markets, drivers, restraints, and opportunities in the current market. The report analyzes key opportunities in regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, industry, and geography.
The global animation outsourcing market has been segmented based on type, industry, and geography. Based on type, the market has been segmented into 2D animation, 3D animation, motion graphics, stop motion, and others. By industry, the market has been segmented into media and entertainment, education, healthcare, and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, the Middle East and Africa (MEA), and the Asia Pacific regions. The report also analyzes 15 countries across these regions with a thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries presents for the manufacturers.
Major players in the global animation outsourcing market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the global animation outsourcing market.
The global animation outsourcing market has been analyzed through the following segments:
Zvky Design Studio Private Limited
Next Animation Studio Ltd.
Flatworld Solutions Pvt. Ltd.
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