openPR Logo
Press release

Virtual Production Market Growth, Analysis, Latest Trends and Forecast till 2027

03-29-2023 11:13 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

Virtual Production Market Growth, Analysis, Latest Trends

The global virtual production market size is estimated to be USD 2.6 billion in 2022 and is projected to reach 5.1 billion by 2027, at a CAGR of 14.5% during the forecast period. Rising demand for visual effects in movie and television industries, and increasing implementation of LED wall technology play a key role in driving the growth of virtual production market in near future.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=264844353

Increasing demand for VFX and CGI in movies stimulates market growth

In 2021, the software segment accounted for the largest share of the virtual production market. The dominance of the segment is attributed to the increasing demand for VFX and CGI in movies. Continuous organic and inorganic growth strategies adopted by virtual production ecosystem players have enhanced the growth of the market. For instance, in May 2022, Mo-Sys Engineering Ltd. formed a partnership with GMS International to make augmented reality and virtual production solutions available to South Korean cinematographers and broadcasters.

Movies segment to capture the lion's share in the virtual production market

In 2021, the movies segment accounted for the largest share of the virtual production market. The rising trend in moving movies from theaters and multiplexes to over-the-top (OTT) platforms enables producers access broader audiences. The substantial budgets of movies and increasing demand for VFX-based movies have led to the growth of the movies segment. As stated in the Theme Report 2021 published by the Motion Picture Association, the production of new movies continued to skyrocket post the pandemic. In 2021, approximately 940 films were initiated for production in the US. However, in 2018, 2019, and 2020 only 808, 814, and 443 films were produced during the respective years.

North America leads the virtual production market with the highest share

North America accounted for the largest share of the virtual production market in 2021. Growth can be attributed to the presence of the largest movie industry, increasing budgets for movies, and the use of advanced technology in the media and entertainment industry. As stated in the Theme Report 2021 published by the Motion Picture Association, the expected number of US movies that started filming in 2021 was 943, an increase of 111% from those in 2020 when production was halted due to the COVID-19 pandemic. 226 of these movies had a projected budget higher than USD 15 million, which is a 124% increase from that in 2020 and a 40% rise from that in 2017.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=264844353

Adobe Inc. (US), NVIDIA Corporation (US), Sony Group (Japan), Autodesk Inc. (US), Technicolor (France), HTC Corporation (Taiwan), Vicon Motion Systems Ltd (UK), SideFX (Canada), Epic Games (US), Mo-Sys Engineering Ltd. (UK), are some of the key players in the virtual production market.

News also Covered: https://www.globenewswire.com/en/news-release/2022/08/01/2489516/0/en/Virtual-Production-Market-worth-5-1-billion-by-2027-Exclusive-Report-by-MarketsandMarkets.html

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Virtual Production Market Growth, Analysis, Latest Trends and Forecast till 2027 here

News-ID: 2992898 • Views:

More Releases from MarketsandMarkets

Transplant Diagnostics Market worth $6.8 million by 2028: Enabling Personalized Transplantation Approaches
Transplant Diagnostics Market worth $6.8 million by 2028: Enabling Personalized …
Transplant Diagnostics market was a rapidly growing sector within the healthcare industry. Transplant diagnostics involves a set of tests and procedures performed to assess the compatibility between a donor and recipient before organ or tissue transplantation. These tests are crucial to ensure successful transplant outcomes and minimize the risk of rejection. Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=2531061&utm_source=Openpr&utm_campaign=Paid&utm_content=Referral Transplant Diagnostics Market in terms of revenue was estimated to be worth $4.4 billion in 2022
Primary Cells Market worth $2.8 billion by 2028 | Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany), Lonza Group (Switzerland), Cell Biologics, Inc. (US)
Primary Cells Market worth $2.8 billion by 2028 | Thermo Fisher Scientific, Inc. …
Primary Cells Market in terms of revenue was estimated to be worth $1.7 billion in 2023 and is poised to reach $2.8 billion by 2028, growing at a CAGR of 10.5% from 2023 to 2028 according to a new report by MarketsandMarkets™. The growth of this market can be attributed to factors such as the is government investments for cell-based research, rising growth in pharmaceutical & biotechnology industries, increasing cancer
Autoinjectors Market worth $104.9 billion by 2025 - Exclusive Report by MarketsandMarkets™
Autoinjectors Market worth $104.9 billion by 2025 - Exclusive Report by Marketsa …
Autoinjectors Market by Therapy (Rheumatoid Arthritis, Multiple Sclerosis, Anaphylaxis, Cardiovascular Diseases, Diabetes), Type (Disposable, Reusable), Route of administration (Subcutaneous, Intramuscular), End User (Hospital) - Global Forecast to 2025", published by MarketsandMarkets™, the Autoinjectors Market is projected to reach USD 104.9 billion by 2025 from USD 46.0 billion in 2020, at a CAGR of 17.9% from 2020 to 2025. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=173991724&utm_source=Openpr&utm_campaign=Paid&utm_content=Referral Browse in-depth TOC on "Autoinjectors Market" 99 - Tables 55 - Figures 180
Cell Therapy Technologies Market Poised for Remarkable Growth, $7.8 Billion Expected by 2028
Cell Therapy Technologies Market Poised for Remarkable Growth, $7.8 Billion Expe …
Cell Therapy Overview: Cell therapy is a rapidly evolving field in regenerative medicine that involves the use of living cells to treat various medical conditions and diseases. These therapies can be categorized into two main types: autologous (using a patient's own cells) and allogeneic (using cells from a donor). Cell therapy holds great promise for treating a wide range of conditions, including cancer, autoimmune diseases, neurological disorders, and more. The cell therapy

All 5 Releases


More Releases for VFX

Animation And VFX Design Software Market Size And Forecast
Verified Market Reports has recently published a research report titled, "Global Animation And VFX Design Software Market Insights, Size, Share, Growth, Opportunities, Emerging Trends, Forecast to 2029". The report is a compilation of comprehensive research studies on various aspects of the global Animation And VFX Design Software Market. With accurate data and highly authentic information, it makes a brilliant attempt to provide a real, transparent picture of the current and
Visual Effects (Vfx) Market Is Booming Worldwide | Cinesite VFX Ltd., Digital Do …
Visual Effects (Vfx) Market: The extensive research on Visual Effects (Vfx) Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on Visual Effects (Vfx) Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the market, such as
VFX Software Market Share 2021- Assessments for the Regional and Country-Level S …
The VFX Software Market study formulated by Data Bridge Market Research, presents a detailed analysis of the influential trends prevailing in this business sphere. To gain actionable market insights with which it becomes easy to build sustainable and money-spinning business strategies, market research report is a great option. The VFX Software market report is the best to know the trends and opportunities in your industry. In this report, several aspects about the market research
VFX Market : High-growth Regions to Expand Geographic Footprint
The "Global VFX Market Is Anticipated To Reach USD 23,854 Million By 2025", report intends to offer a resourceful means to assess the VFX Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The VFX Market report, titled VFX Market, is expansive research reliant on VFX
Visual Effects (VFX) Market Expanding Growth in Globally 2026 | Profiling Leadin …
VFX abbreviated from visual effects is a process of integrating live-action footage and generating imagery in order to create an environment which looks realistic. Visual effect makes it possible to build a scene or effect that could not be created with regular photographic techniques. Moreover, it also involves merging of original film shooting with false or animated images. It helps in creating scenes which are difficult to create during live
Future demand for VFX Market | Size, Growth prospect and key players includes Wo …
Visual effects (abbreviated VFX) is the process by which imagery is created or manipulated outside the context of a live action shot in film making. The VFX market is estimated to grow at a CAGR of +13 % during the forecast period. The major factor driving the growth of the market is virtualization technology and remote graphics. Apart from this ongoing technological advancements taking place is also contributing the market’s