Animation, Gaming, VFX, Entertainment sectors are the emerging verticals in the ICT sector. Globally, these verticals have been in focus in the recent past and are believed to have a significant share in the ICT and Entertainment Industry in the future. The sector has huge potential to generate employment and surge ICT exports resulting in socio-economic development of the Country. The Animation a
nd Gaming industry has shown
resilience in the face of the current economic downturn. India is now seen as a leading destination for high-end, skill-based activities. The Indian Animation industry is estimated to grow at a CAGR of 22% and the Gaming industry, at a CAGR of 49% by 2015 (Source: NASSCOM). Over the years, the Animation, Visual effects, Gaming and Comics (AVGC) industry has seen the entry of many global majors who have tapped into India's talent pool for offshore delivery of services. The global Gaming industry includes manufacturers of Gaming Hardware and developers of Gaming Software. The Video Game industry is cyclical in nature and the installed base of the next generation of hardware platforms has an effect on the demand for gaming software. The global animation and gaming market is expected to grow from $122.20 billion in 2010 to $242.93 billion by 2016. This represents a CAGR of 12.94% from 2011 to 2016. The AVGC Sector is being encouraged & promoted extensively by countries like China, Singapore, UAE, UK, The Netherlands, Canada, South Korea, Japan etc. The Animation, Visual effects, Gaming & Comics is recognized as an important and focused segment and this is considered as a creative industry.
