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Visual Effects (VFX) Market Expanding Globally at a CAGR of 8.79% during 2022-2027
Visual Effects (VFX) Market Report 2022-2027
The global visual effects (VFX) market is expected to exhibit a CAGR of 8.79% during 2022-2027. Visual effects (VFX) aid in creating, enhancing, and altering the live-action media to integrate features that could not be captured during filming. In terms of products, VFX can be segmented into various types, such as simulation FX, animation, compositing, etc. Visual effects assist in developing special effects, including explosions, creature creation, destruction of objects, and fire, thereby allowing filmmakers to add a sense of scale to the viewer experience. Consequently, they find extensive applications in advertisements, movies, TV shows, and games across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Visual Effects (VFX) Market Trends:
The growing requirement for high-quality video content in filmmaking and the increasing investments in R&D activities by the market players to produce high-quality VFX are among the key factors driving the visual effects market. Furthermore, the expanding innovations in VFX techniques and the escalating adoption of cloud models, including pay-as-you-go, are also positively influencing the global market. Besides this, the rising usage of advanced technologies in VFX software, such as artificial intelligence (AI), virtual reality (VR), and machine learning (ML), is acting as another significant growth-inducing factor. Furthermore, the inflating demand for 3D-UHD animated movies in theatres across countries and the elevating popularity of digital video content platforms, including Hulu, Netflix, Amazon Prime, etc., are expected to stimulate the visual effects market over the forecasted period.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• Adobe Inc.
• Animal Logic
• Cinesite (Eastman Kodak Company)
• Digital Domain Holdings Limited
• Framestore
• Pixomondo
• Rodeo FX
• Scanline VFX
• Sony Pictures Entertainment Inc. (Sony Group Corporation)
• Technicolor SA
• The Foundry Visionmongers Limited
• The Walt Disney Company
Key Market Segmentation:
Breakup by Component:
• Software
• Services
• Hardware
Breakup by Product:
• Simulation FX
• Animation
• Modelling
• Matte Painting
• Compositing
Breakup by Technology:
• AI (Artificial Intelligence)
• AR (Augmented Reality)
Breakup by Application:
• Movies
• Television
• Gaming
• Advertisements
• Others
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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