Computer Graphics Market Regional Analysis:
North America Market Insights
North America is projected to be in the foreground of the computer graphics market. The growth of the market in the region can be attributed to the presence of key companies including Animation Studios, Warner Bros Animation, etc. There is a surge in demand for courses in computer graphics related to animation, data visualization, game development, themed entertainment design, and UX design. Also, computer graphics are incredible asset for education enabling creative immersive ambience and visualization of abstract concepts.
For instance, according to the American Educational Research Association in 2021, immersive videos in college teaching improved student scores by 5 points out of 100. In the U.S. immersive videos have become part of regular educational courses, augmenting the computer graphic market.
Asia Pacific Market Insights
The computer graphics market proliferation in the Asia Pacific can be accredited to the thriving gaming industry. According to the World Economic Forum, in August 2021, Asian countries made up 40% of the global 10 video gaming markets. Also, the gaming industry in China will reach up to USD 71.2 billion by the end of 2025. Additionally, the surge in demand for smart TVs is fostering the market expansion.
In India, computer graphics are utilized in making OTT content by leading market players. According to the India Brand Equity Foundation, video OTT market revenue is primarily dominated by platforms such as Netflix, Amazon Prime, and Hotstar. The revenue is projected to reach USD 3.5 billion by 2027.
