What is the Future of an Animation Industry

As an industry and a kind of art, animation has advanced significantly. Between 2018 and 2023, the global animation market is anticipated to develop at a rate of 4.79 percent annually, reaching a market value of $404.83 billion. This expansion is the result of improved methods and cutting-edge technology, which have also cleared the path for a greater acceptance of various animation styles.

As a result, the future of animation is very promising. The most recent trends in animation show that even the most well-known companies in the world are spending money on animated videos to reach their target audiences and increase sales.

What is Animation?

Animation is a process of displaying images on a screen in such an order that creates the illusion of movement. It is one of the oldest and most influential art forms, dating back to over 5,000 years ago with cave paintings.

It’s one of those things that everyone does but nobody talks about it; movies and TV shows are practically wall-to-wall animated entertainment — yet nobody ever seems to say what animation really is or how it even works. The actual process involves taking still frames from video recordings and then replaying them at slightly different speeds to create motion through computer software.

Animation is one of the most influential art forms to ever have existed. The stories were originally told only through images, but today animation has progressed to the point where we can see and hear these powerful stories. We are able to see the drama that unfolds on screen as if it was happening to us.

Here’s an Overview of Animation in India Today and its Future Prospects:

The Indian animation industry has experienced significant growth in the last few years with fresher investments, products, and opportunities which is a positive sign for the future. The industry study reports that there are more than 450 animation companies across India with maximum activity from Mumbai followed by Hyderabad/ Chennai where Chennai has overtaken Mumbai as the top city for animation production. The animation industry in India is projected to grow at a CAGR of 23% in the next five years. This is driven by the R&D services which are expected to grow at a CAGR of 55%. Animation Content Distribution: The Indian animation industry has suffered due to lack of content distribution. But this is changing with recent developments such as Indian Cartoon Network, a 24-hour channel, coming on air, and more digital platforms in place.

Animation Industry In India In The Next Five Years:

The industry is expected to increase at a CAGR of 23% over the next five years, driven by increased investment and business opportunities. The Indian animation industry will generate revenues of USD 1.85 billion by end of 2017.

The animation business in India is expected to attract more investment and India is poised to become the outsourcing hub for animation by 2020. The growth will be driven by the R&D services which are expected to grow at a Compound Annual Growth Rate (CAGR) of 55%. India’s prime location and talented manpower are key drivers for the growth of this industry in India. India’s cost advantage and IT expertise have made it an attractive destination for foreign companies to outsource their animation, VFX, and gaming projects to India.

if you’re more interested in working in the industry than just for personal pleasure, then it’s necessary that you receive specialized training in animation. This includes offline animation courses offered by reputed institutes that offer education packages tailored specifically for those who want to break into the industry as a professional.  The first step in becoming an animator is to enroll your name in an animation course. There are several reputed animation courses in Kolkata that are offering professional animation courses.

Once you’ve completed your education program and have gained experience on your own time, you will likely have to start at the bottom as an entry-level job. If you are able to get into a more senior position, then you will begin earning up to $100K (or more) per year with benefits such as health insurance, vacation time, and paid sick days. As an animator for a large company, it’s important to know how much each frame costs in order to keep budgets under control.

Typically the beginning salary is around $20K per year. The average salary for an animator is around $50K per year. The most experienced animators can make up to $100K per year with a senior position (which usually means you’ll need 10+ years of experience).

There are also freelance positions that pay much more on average. This can go as high as $2,000 per animation depending on how in demand the animator is as well as how complex the project is. The more work you are able to do by yourself and with a smaller team, the more money you’ll be able to make.