ANIMATION MARKET
The M&E sector grew 9% in 2019 to reach INR1.82 trillion
| Segment | 2018 | 2019 | 2020E | 2022E | CAGR 2019-22 |
|---|---|---|---|---|---|
|
Television |
740 |
787 |
790 |
882 |
4% |
|
Print |
305 |
296 |
301 |
309 |
1% |
|
Digital Media |
169 |
221 |
279 |
414 |
23% |
|
Filmed Entertainment |
175 |
191 |
207 |
244 |
8% |
|
Animation & VFX |
79 |
95 |
112 |
156 |
18% |
|
Live Events |
75 |
83 |
94 |
122 |
14% |
|
Online Gaming |
46 |
65 |
91 |
187 |
43% |
|
OOH Media |
37 |
39 |
41 |
46 |
5% |
|
Radio |
34 |
31 |
33 |
36 |
5% |
|
Music |
14 |
15 |
17 |
20 |
10% |
|
TOTAL |
1674 |
1822 |
1965 |
2416 |
10% |
(Source: FICCI & EY M&E Report 2020)
Snippets from the Influencers in the Indian M&E Sector
(Source: FICCI & EY M&E Report 2020)
- “The advances in technology are blurring global borders for entertainment. And enabling India’s media and entertainment industry to be one of the pivots that could help achieve India’s goal of becoming a $5 trillion economy”
-Priyanka Chopra Jonas
- “This trend for growth in demand for Indian content is only going to rise further. It is now time for India to play a larger role in the global media and entertainment.”
-Karan Johar - “So exciting is the proposition of digital entertainment, that industry players now include not only traditional and new-age media companies, but also platforms which were previously focused on other services. While the country’s economic growth has been lukewarm, the M&E industry has grown at nine percent last year. Amidst concerns of a slowdown in consumption, the number of digital consumers tripled last year. Digital media, online gaming, and animation are likely to clock impressive double-digit growth in the near future.”
-Uday Shankar (Sr. Vice-President, FICCI) - “While the economy felt the effects of a slowdown during the second half of 2019, the M&E sector continued to grow at a faster pace than India’s GDP, driven primarily by growth in subscription revenues.”
-Ashish Pherwani (M&E Sector Leader, EY India)
The Media & Entertainment is associated with cutting-edge innovation because of the advent of technology and application of latest tools in the creative process. Today, Media & entertainment, cuts through a cross-section of industries and is a boon for students and graduates as they have a plethora of career options to choose from.
The pace at which the Media & Entertainment sector is growing has led to a demand for skilled professionals who can hit the ground running from day one. At Arena Animation – Park Street, we make the students employable by building their skill sets and capabilities through:
- Training them on the latest tools
- Honing their talent with technique
- Giving them a perspective through industry connects vis formal & informal events
- Creating platforms that recognise their talents
- Giving them an edge during the recruitment process through pre-interview preparations.
The Media & Entertainment Sector is one of the fastest growing sectors in India and young students should aspire to make a career in this sunrise sector.
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