How Bangladesh can become an outsourcing hub for global visual effects and CGI industry

Abstract

The worldwide visual effects and CGI business has been significantly impacted by the recent transformation in the streaming media and entertainment sector. The global demand for visual effects is growing at a rapid pace, as is the market size. Bangladesh's local streaming media and entertainment business is booming, thanks to the recent development of 3G and broadband internet access. India and Taiwan are the most popular outsourcing destinations for Hollywood post production work in the worldwide VFX business. The entertainment industry has grown dramatically in recent years, to the point that it now accounts for 2.1 trillion dollars in revenue. The visual effects sector is worth 26.64 billion dollars, whereas the computer graphics industry is worth 16.64 billion dollars. Many emerging nations have already established a high-quality visual effects and computer graphics industry, which has aided their economic progress. These nations can develop high-quality visual effects and computer graphics at a reasonable cost because of their low labor expenses. This study is aimed to determine how we might use Bangladeshi labor force with very rudimentary computer skills to work in the global visual effects industry, allowing us to compete with neighboring and other Asian nations. Also, how industry veterans have succeeded in this field while working from Bangladesh, as well as the pitfalls and remedies.