The Rise of Gaming and Animation Industries

The global gaming market is projected to exceed $200 billion by 2023, surpassing the film industry's revenue. This growth is fueled by the increasing popularity of mobile games and the expansion of eSports.

Animation industry's worth is set to reach over $400 billion by 2025. This includes film, television, video games, and simulation, driven by technological advancements and high demand for animated entertainment content.

Mobile games are the industry's powerhouse, occupying 45% of the global market. Easy accessibility and the rise of smartphone usage contribute to mobile gaming's dominant position in the industry.

Esports viewership is expected to grow to 646 million by 2023, making it one of the fastest-growing sectors in gaming. Major investments and sponsorship deals are fueling this unprecedented rise.

With an expected annual growth rate of 30%, the VR segment in gaming and animation is rapidly advancing, offering immersive experiences and driving innovation in storytelling and interactive content.

China's gaming market is the largest globally, with revenues surpassing $40 billion. Government regulations and local player preferences shape a unique gaming ecosystem in the region.

To reduce costs, major studios are increasingly outsourcing animation production, with India and the Philippines becoming global animation outsourcing hubs due to their skilled, English-speaking workforce.