ANIMATION AND VFX MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Emergence of Southeast Asian countries as hub for outsourcing

Another major driver for the global animation and VFX market is the emergence of Southeast Asian countries like India, Philippines, Indonesia, Vietnam, etc. as preferred outsourcing destinations for animation and VFX services. Over the past decade, these countries have substantially scaled up their animation and VFX capabilities to cater to worldwide demand at competitive costs. Countries like India in particular have produced top-tier VFX and animation studios on par with international standards.