Animation industry: USD 80 billion, gaming market: USD 42 billion

According to NASSCOM “the global animation market is expected to grow at a CAGR of nearly 8 percent over 2006-2010, to reach USD 80 billion by 2010 and the global gaming market is expected to reach USD 42 billion by 2010, growing at a CAGR of nearly 18 percent over 2006-2010”. Thus bright future ahead for Indian animation market & Indian gaming market.

Indian animation industry has witnessed a major boom. Animation India is experiencing exponential growth. India has become an outsourcing hub for animation films because of the following reasons:

The biggest advantage is the cost factor. "Indian animation companies are charging extremely low rates compared to other countries. That is attracting the Hollywood companies to outsource their animation film series to the country,"

Global entertainment majors like Walt Disney, Imax, Warner Brothers and Sony are signing up huge contracts with Indian animation companies. Cities in India like Mumbai, Chennai, Bangalore, Hyderabad and Trivandrum have emerged as the country's major animation hubs. Lots of animation studios are situated in these major animation cities.

A slew of Indian companies like Maya Entertainment, Silvertoon Studio, UTV Toons, Zee Institute of Creative Arts, 2NZ Studios, Acropetal, JadooWorks, Crest Communications, Color Chips and Heart Animation, Pentamedia Graphics, Toonz Animation, Prasad Studios have dedicated themselves to the outsourced world of animation and special effects. These are some “Most creative” 2D animation & 3D animation company in India. They also provide visual effects for Television, Films, TV Commercials, Medical, Internet, Product Demos, Education and Architectural Walkthroughs. These animation firms are equipped with state-of -the-art equipment and hardware and animation software like SGI, 3DMax and SoftImage, SFX and processing motion capture facilities.

References:

Visual effects: Visual effects make the imaginary look completely real! Visual effects help enhance the look of a movie or create scenery and situations that cannot (or do not) exist in real life.

Almost all Hollywood movie that you see today uses visual effects, from the ships in "Star Wars" to the monsters in "Godzilla,". The visual effects are obvious in any science fiction .The only way to create these scenes is through an amazing set of tools and technologies that let imaginary places look totally real.

Visual Effects (or 'VFX' for short) is the term given to a sub-category of special effects in which images or film frames are created and manipulated for film and video. This is alteration to a film's images during post-production. The "visual effects" refers to post-production and optical effects, and "special effects" refers to on-set mechanical effects.