Dublin, Aug. 13, 2024 (GLOBE NEWSWIRE) -- The "Visual Effects (VFX) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Visual Effects (VFX) is estimated at US$10.8 Billion in 2023 and is projected to reach US$25.0 Billion by 2030, growing at a CAGR of 12.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the VFX market is driven by several factors, including the increasing sophistication of technology, the expansion of media platforms, and evolving viewer preferences. Advances in machine learning and artificial intelligence have streamlined many VFX processes, enabling more complex simulations and realistic animations that were previously too resource-intensive. This technological evolution allows for more detailed and ambitious projects within tighter timelines and budgets.
Additionally, the global expansion of digital streaming services has created a vast demand for content enriched with high-quality VFX, catering to a more visually discerning audience worldwide. Viewer expectations for graphical quality and realism continue to rise, pressing the industry to continuously innovate and improve.
Moreover, economic factors such as the availability of tax incentives for film production in various countries also stimulate the VFX industry by attracting productions that might otherwise be constrained by higher costs. Together, these dynamics ensure robust growth in the VFX sector, making it a pivotal element of modern digital storytelling.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Visual Effects Software segment, which is expected to reach US$17.1 Billion by 2030 with a CAGR of a 12.8%. The Visual Effects Services segment is also set to grow at 13.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.9 Billion in 2023, and China, forecasted to grow at an impressive 17.1% CAGR to reach $5.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Adobe Inc., Autodesk, Inc, Avid Technology, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global Visual Effects (VFX) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 277 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $10.8 Billion |
| Forecasted Market Value (USD) by 2030 | $25 Billion |
| Compound Annual Growth Rate | 12.7% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Visual Effects (VFX) - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rising Demand for High-Quality Content Drives VFX Industry Growth
- Technological Advancements in Computer-Generated Imagery Propel VFX Capabilities
- Resurgence of Global Cinema Drives Demand for VFX
- Expansion of Streaming Platforms Generates Demand for VFX-Enhanced Productions
- Video Games and Their Influence on VFX Innovation and Adoption
- Real-Time Rendering Technology and Its Impact on the VFX Market
- Growing Role of VFX in Enhancing Storytelling in Virtual Reality
- Outsourcing of VFX Services to Lower-Cost Regions Gains Momentum
- Marketing and Promotional Uses of VFX in Non-Entertainment Sectors to Benefit Growth in the Market
- Impact of AI on Automating and Enhancing VFX Processes
- VFX in Indie Films and Low-Budget Productions Expand Market Opportunity
FOCUS ON SELECT PLAYERS (Total 37 Featured)
- Adobe Inc.
- Autodesk, Inc
- Avid Technology, Inc.
- BORIS FX, INC.
- Chaos Software EOOD
- Cinesite VFX Ltd.
- Digital Domain
- Framestore
- ITOOSOFT, S.L.,
- MAGIX Software GmbH (VEGAS Creative Software)
- Maxon Computer GmbH
- MotionVFX sp. z o.o
- Pixel Farm
- Rodeo FX
- SideFX
- Technicolor Creative Studios S.A.
For more information about this report visit https://www.researchandmarkets.com/r/7a0r28
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