Animation, game development sector forecast to grow 7.3%

The animation and game development subsector of the IT-Business Process Management industry is expected to post revenue growth of 7.3% to 12.3% by 2022, further propelling the growth of the industry.

To support the sector’s growth, the Animation Council of the Philippines Inc. said it will continue providing more technical-vocational training and upskilling opportunities for potential and existing animation professionals. The IT and Business Process Association of the Philippines (IBPAP) expects the IT-BPM industry to grow at an annual rate of 3.7% to 7.5% under its second recalibrated roadmap for 2019-2022.

Regarding headcount and full-time employees, the IBPAP recalibrated target predicts employment to reach 1.42 million to 1.57 million by 2022.

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