The expansion of VFX technology and the growth of animation have transformed the storytelling pattern, resulting in a boom in the entertainment industry along with siring demand for B Sc in animation and VFX courses.
Despite the economic slowdown and production halt in the early months of the epidemic, there has been a robust rivalry between the media and entertainment sectors, with animation and VFX giving the content an advantage.
In recent years, animation and visual effects companies have witnessed a significant increase in content demand for domestic programmes, with the animation market alone forecasting a 10% increase in 2020. India has also emerged as one of the global leaders in VFX with world-class design colleges emerging in Gujarat, Maharashtra and other states.
Despite significant losses due to the pandemic's first phase, it attained a market value of Rs 24.5 billion. The increase is seen in large-scale projects and the number of persons selecting it as a professional path. If you look at the entire VFX sector, the average age would be about 20-25, and we are enthusiastic and in a unique condition not found in other nations.
The Indian visual effects business has produced 60,000 jobs in the last two years alone. With studios like MPC in Bengaluru on a recruiting binge, another 1,20,000 positions might be created in the coming years. With the government establishing a specific task force for the VFX segment in India, predictions suggest that the industry would double in size and achieve a valuation of Rs 18,000 crore in the next two years.
They raised the FDI ceiling from 74% to 100%. The government announced the National Digital Communications Policy 2018 (NDCP 2018) to support the development of low-cost digital communications infrastructure and services. Investment has also increased in the animation and visual effects industries.
Domestic income is estimated to reach 40% in 2021, with international initiatives accounting for around 60%. Finally, with the advent of modern technology, the animation and VFX sector has reached new heights. Nonetheless, stronger development is expected in the coming years.
However, demand is not an issue, but a shortage of trained personnel might be a problem. The OTT, television, and AGV divisions are driving industrial growth, and in this digital era, they are also assisting in the strengthening of technology. Cities like Mumbai, Chennai, and Bangalore are hotbeds for animation studios and institutes.
Sophisticated procedures and artistic expression have established the groundwork for the projected growth. The production team may easily employ a pre-made environment with some colour modifications using modern technologies, cutting production expenses.
Storylines that significantly rely on special effects and animation are currently being developed by filmmakers, production firms, and content suppliers. The animation business is rapidly expanding. India is now considered one of the most desirable locations for providing animation and content services. In this sector, though, there is no shortage of visionaries.
The sky's the limit if the government and industry work together to provide upskilling and improved infrastructure. Students have a great choice for B.Des Visual Communication courses in India to make their place in the industry.
