With the rise in technology and advancement in camera equipment, the visual quality of movies has increased tremendously. Today, we can see scenes with such vivid colors and crisp images.
The audiences want to be immersed in a scene and not be distracted by any technical problems or editing issues. Therefore, it is imperative for film production companies to use top of the notch equipment and make sure that they maintain a high level of quality in every frame.
Future of VFX industry in India
The future of the VFX industry in India looks promising. The Indian government is making efforts to bring in the best talent from around the world while also improving access to high-quality education. With proper planning, this could mean that one day, India will be able to compete with Hollywood for global dominance in the industry.
The VFX industry in India is at a crossroads. The industry is going through a crucial phase of its growth cycle. It has been experiencing exponential growth over the last few years, with the number of companies in operation doubling from about 80 to 160 in the span of four years.
The VFX industry has grown significantly over the years, with an annual turnover of around $1.8 billion in 2021. Consumers have been quick to adopt new technologies and this has led to a growth in sales for these companies. The industry is also looking at expanding to emerging markets such as India and China as a way of further boosting their profits.
What do VFX Experts say about the future of VFX Business
As the lines between Hollywood and Silicon Valley continue to blur, VFX artists are finding themselves working with some of the best of both worlds. These professionals are often asked “What do you think about the future of your industry?” Their answers range from optimistic to pessimistic, but all seem to agree that change is inevitable.
According to leading industry experts, it is predicted to be very lucrative with a forecasted growth rate of six percent each year. This is likely to draw many entrepreneurs into the field.
The many benefits of this technological innovation is what has led to its high demand. As the industry grows, more and more opportunities will be available for those who want to enter into the field.
The film industry now has more competition from digital media because now content creators can produce content without having to go through the hassle of creating a physical copy. The increase in targeted broadcasting hours by cable providers and satellite broadcasters also expanded the demand for animation, VFX and video gaming production.
Movies and Visual Quality : Market Forecast
The animation industry is expected to grow by 4-5% annually.
Animation industry is mostly driven by the growth of the economy.
Animation industry has continued to expand over the years, with an annual growth rate of 5%.
The animation market is expected to grow by 4-6% annually.
There are many animation studios in Japan, China, United States, France, South Korea, Taiwan, India and Russia.