NEW YORK, Dec. 18, 2016 /PRNewswire/ -- The tele production and post production services market comprises of establishments engaged in providing specialized services to motion pictures and videos, such as, animation, editing, adding subtitles, and crediting. Going forward, factors such as, technological advances and growing audience demand for superior audio visuals, are expected to drive the market.
The Americas was the x largest geographic region in the tele production and other postproduction services market in 2016, accounting for $x billion or x% of the global market. Asia was the x largest geographic market, accounting for $x billion or x% of the global market. Europe was the x largest geographic market, accounting for $x billion or x% of the global market. The Middle East and Africa accounted for x% and $x billion, while Oceania accounted for x% of the global tele production and other postproduction services market.
Growth In Animation Outsourcing
The global outsourcing of VFX (Visual Effects) and CG (Computer Graphics) animation is growing rapidly as movie production companies are looking for cost effective production options to reduce overall expenditures. Almost all American and European TV, film and commercial production companies are looking at least outsourcing bits and pieces of VFX and CG work to low cost countries such as India, South Korea and Philippines. For instance, the average animation production cost in India is one-fourth of North America and about 35% lower than countries such as Korea and Philippines.
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