A MASSIVE EXPANSION

CHARACTER

It is also interesting to observe the latest trends, for example how the animation market is increasingly collaborating and intertwining with other industries, such as toys and gaming.

Furthermore, it is important to expand one’s expertise in the local marketplaces.

According to several research institutes, including Market N Research and Data Bridge Market Research, North America is expected to hold the largest share of the animation market over the forecast period 2022 to 2030, owing to the increased use of animation in a variety of end-use applications, the presence of large corporations, and business plans being implemented by the leading players in the countries.

GLOBAL ANIMATION MARKET, BY REGION

Animation continues to grow in several European countries, such as Germany, with a turnover of 107 million euros outside the country in 2022, and Eastern Europe. Following Covid, another area with increasing attention is Africa, whose talent-rich studios are sought after by giants such as Disney and Netflix.

In conclusion, the animation market is certainly worthy of the greatest attention. Its size was valued globally at USD 391.19 billion in 2022, and is projected to grow to USD 587.1 billion by 2030, exhibiting a CAGR of roughly 5.00% during the forecast period (Precedence Research).

The increase of the media and entertainment sector, the expansion of the communications and technology industries, and the worldwide rising use of the internet are the primary factors driving market growth.