Latin America’s Animation, VFX & Video Games Market, 2020-2025: Emerging Trends, Content Creation, Content Demand, Market Opportunities – ResearchAndMarkets.com – Associated Press

DUBLIN–(BUSINESS WIRE)–Jan 24, 2020–

The “Latin American Animation, VFX & Video Games: Strategies, Trends & Opportunities (2020-25)” report has been added to ResearchAndMarkets.com’s offering.

The Latin American Animation, VFX and Video Games industry has the potential to emerge as an engine of growth for the continent.

Several animation studios in Latin America release their content through online channels such as YouTube, which is attracting millions of subscribers both from the continent as well as worldwide. Studios are making new inroads by launching original locally produced content on Netflix. Several local content productions have been nominated for several global awards including the Oscars.

There are dozens of globally renowned animation studios as well as several hundreds of small and medium-sized studios producing content tailored to local tastes. Supply of animation talent, which has historically been limited, is emerging with support and intervention of several governments and industry initiatives to develop and support the animation through university courses and vocational training courses which provide theoretical and practical hands-on learning on Animation, VFX and Video Games.

Several countries in Latin America have initiated policies to support closer participation between government, industry, and academia to catalyse the industry growth. However several countries in the region need support in the form of training, funding, tax incentives, market reach, access to hardware and software, legal support to protect the content IP access to global distribution and collaboration networks etc.

Brazil has been a leader in the region and is the largest producer of animated works. This has been driven by the availability of state funding, the supply of quality local animation talent and the preference of local audiences for Brazilian animated content.

Countries such as Argentina, Chile, Colombia, Mexico, and Peru are emerging as the leaders through content productions as well as collaborations. This includes content for movies, television, games, augmented reality, virtual reality, advertising, web designs and industrial applications such as architecture, engineering, industrial design, healthcare, education, medicine, and the motor industry.

The demand for animation, VFX and video gaming has expanded with the increase in targeted broadcasting hours by cable and satellite TV, availability of low-cost internet access, penetration of mobile devices along with the growing popularity of streaming video. In addition, the demand for Animation and VFX content to power immersive experiences such as Augmented Reality and Virtual Reality is growing exponentially.

The rapid advancement of technology has made animation, VFX & games available to the masses, and this industry has become one of the fastest-growing segments in the global media and entertainment market. We are increasingly seeing more of animation, VFX and games production taking place in a globally distributed mode. Production work is becoming global with countries as well as regions offering tax incentives, subsidies, financial support, regional low labor costs etc. and companies are cutting costs by setting up facilities in such regions.

Cloud computing is playing a key role in character rendering and modeling processes as cloud-based rendering of animation films is more effective and efficient as it reduces the time and cost compared to traditional rendering.

Emerging Trends in the Animation, VFX & Video Games Industry:

Key Topics Covered

Global Animation & VFX Industry

Animation & VFX Market Segments

Emerging Trends & Future of Animation & VFX

Global & Latin American Television Animation Content Demand

Animation & VFX Content Creation

Audience Dynamics

Economics of Animation & VFX

Guidelines for Setting up an Animation Studio

Managing an Animation & Video Games Studio

Global Video Games Industry