DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/5z8dhr/animation_and) has announced the addition of the "Animation and Gaming Market in India 2011-2015" report to their offering.
TechNavio's analysts forecast the Animation and Gaming market in India to grow at a CAGR of 37.06 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increase in outsourcing of animation development to India. The Animation and Gaming market in India has also been witnessing increasing demand for mobile games. However, the lack of skilled animators in India could pose a challenge to the growth of this market.
Key vendors dominating this market space include Crest Animation Studios Ltd., Toonz Animation India Pvt. Ltd, Prime Focus Ltd., Pentamedia Graphics Ltd., Maya Digital Studios Pvt. Ltd., UTV Software Communication Ltd., Heart Entertainment Ltd., Jadoo Works Pvt. Ltd., and Visual Computing Labs.
Commenting on the report, an analyst from TechNavio's Engineering team said: ''Many film companies in India have begun to adopt pre-visualization processes, which increases the demand for animation content and visual effects (VFX). Pre-visualization enables the visualization of scenes on computers before actual shooting processes take place. Therefore, film directors and producers are starting to depend on animation and VFX, which is leading to the, increasing adoption of pre-visualization processes in India. This in turn is enhancing the demand in the Animation and Gaming market in India.''
According to the report, the Animation and Gaming market in India is experiencing strong demand for animation content development from many corporations, educational institutions, and the Aerospace and Defense industry. Educational institutions use animation software for their e-learning requirement. Corporations use animation content development for promotional activities and internal training programs. Also, Aerospace and Defense need animation software for special training purposes.
For more information visit http://www.researchandmarkets.com/research/5z8dhr/animation_and