From education to manufacturing, marketing, and even medicine, animation has plenty of uses. On the other hand, while animation is mostly known as a tool of entertainment, its use goes well beyond that. It’s tied with gaming and beats other major categories like sports and news.
Even though the animated genre is even becoming more popular, it’s not just the big cinemas that are enjoying the latest tech in this industry animation is popular in online communities as well. So much so that “animation and film” is the 5th most popular category on Youtube.
And, it is still $2 billion higher than its 2018 value.Īlso, most of the segments in the animation industry are still growing at a healthy rate of 2–3% YoY. Nevertheless, it is still a respectable figure. This is $9 billion short of the original estimate. In 2020, the global animation, VFX, and video games industry was valued at $261 billion. However, because of the COVID-19 pandemic, this ended up less accurate than it could have been. In fact, it got so big that in 2019, the global animation market value was estimated at $265 billion and further expected to haul in another five billion dollars in 2020. With animated films being enjoyed by kids, teens, and adults alike, the industry is progressively booming. Animation is most popularly linked to big studios like Disney, Pixar, Dreamworks, and Studio Ghibli.
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