VFX Software Market 2020: Top Factors That Are Leading The Demand Around The Globe During COVID-19 Crisis

The Objective of the “Global VFX Software Market ” report is to depict the trends and upcoming for the VFX Software Market industry over the forecast years. VFX Software Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2020 to 2027 mulling over 2019 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.

As per the report, the global VFX software industry was estimated at $559.53 million in 2018 and is expected to reach $1.45 billion by 2026, growing at a CAGR of 12.7% from 2019 to 2026.

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Rise in use of visual effects in movies, increase in demand for high quality content by consumers, and adoption of cloud for VFX drive the growth of the global VFX software market. On the other hand, presence of free & open-source VFX software hampers the growth to certain extent. However, integration of Virtual Reality (VR) technology for visual effects and use of artificial intelligence in VFX software are expected to create lucrative opportunities in the near future.

Based on deployment, the on-premise segment accounted for three-fifths of the global VFX software market revenue in 2018 and is anticipated to rule the roost by 2026. The fact that one-premise software has complete control on video content and also ensures the privacy related to the data or content has spurred the growth of the segment. Simultaneously, the cloud segment would register the fastest CAGR of 13.6% by 2026. Low investment cost and economical plans of VFX software as a service are fueling the demand for this segment.

Based on component, the software segment contributed to more than two-thirds of the global VFX software market share in 2018 and is expected to dominate throughout the forecast period. Rising demand for moving media which cannot be completed through live-shooting is propelling the market for VFX software segment. The service segment, on the other hand, is projected to grow at the fastest CAGR of 13.4% during 2019–2026. There has been a steep rise in the adoption of services among end users, as they ensure effective functioning of software and platforms throughout the process.

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Based on geography, North America held the major share in 2018, generating one-third of the global VFX software market. The presence of large number of studios in North America that are using visual effects is the key factor that drives the growth of the North America VFX software market. At the same time, the Asia-Pacific region would cite the fastest CAGR of 13.6% till 2026. This is attributed to the growing demand of visual effects in film industry.

Key Market Players in the Report:

Autodesk Inc.
Corel Corporation
Blackmagic Design Pty. Ltd.
Maxon Computer
Chaos Software
Sitni Sati
Adobe
The Foundry Visionmongers Limited
SideFX
Pixar

Some of the Major Highlights of TOC Covers:

1 INTRODUCTION

1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

2 EXECUTIVE SUMMARY

2.1 CXO perspective

3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Key findings

3.2.1 Top impacting factors
3.2.2 Top winning strategies
3.2.3 Top investment pockets

3.3 Porter’s five forces analysis

3.3.1 Bargaining power of suppliers
3.3.2 Bargaining power of buyers
3.3.3 Threat of substitutes
3.3.4 Threat of new entrants
3.3.5 Degree of competition

3.4 Market player positioning
3.5 Market dynamics

3.5.1 Drivers
3.5.2 Restraints
3.5.3 Opportunities

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Key questions answered in VFX Software Market research study:

♦ What is the market growth rate of VFX Software Market from 2020-2027?
♦ What will be the global market size of the market from 2020 to 2027?
♦ Who are the leading global players in the VFX Software Market ?
♦ What are the current trends and predicted trends?
♦ What are the challenges faced in the VFX Software Market ?
♦ Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
♦ Which will be the anticipated growth rates for your own VFX Software Market economy altogether and also for every segment inside?
♦ Which will be the VFX Software Market application and types and forecast accompanied closely by producers?
♦ What are the conclusions of the VFX Software Market report?

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