Press release
Virtual Production Market 2023 - By Industry Size, Future Trends, Key Insights, Business Strategies And Outlook By 2032
Virtual Production Market
The Business Research Company's Virtual Production Global Market Report 2023 identifies Rising demand for visual effects in movie production across the globe as the major driver for the Virtual Production market's growth in the forecast period. Visual effects (VFX) is an imagery modification used to describe visuals created, modified, or augmented for any film or other moving media that does not occur during live-action filming. Visual effects (VFX) enable creators to envision content through virtual production, allowing them to build their concepts earlier.
The global virtual production market is expected to grow from $2.15 billion in 2022 to $2.52 billion in 2023 at a compound annual growth rate (CAGR) of 17.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the virtual production market is expected to grow to $4.68 billion in 2027 at a CAGR of 16.8%.
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Major competitors in the Virtual Production market are Adobe Inc., NVIDIA Corporation, Autodesk Inc., Technicolor SA, VIVE Mars CamTrack, Vicon Motion Systems Ltd.
A key trend in the Virtual Production market includes technological advancements. Major companies operating in the virtual production market are focused on developing new technological solutions to strengthen their position. For instance, in September 2020, Magicbox, a US-based company operating in virtual production, launched first Mobile Virtual Production Superstudio™. It's a semi-trailer that aims to make motion picture technology more accessible to any content creator.
Read More On The Global Virtual Production Market Report Here:
https://www.thebusinessresearchcompany.com/report/virtual-production-global-market-report
The Virtual Production market is segmented -
• By Type: Pre-Production, Production, Post-Production
• By Offering: Hardware, Software, Services
• By End User: Movies, TV Series, Commercial Ads, Online Videos, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Virtual Production market.
The Business Research Company's "Global Virtual Production Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Virtual Production Market Include:
1. Executive Summary
2. Virtual Production Market Characteristics
3. Virtual Production Market Trends And Strategies
4. Virtual Production Market - Macro Economic Scenario
5. Virtual Production Market Size And Growth
…………………………….
26. Africa Virtual Production Market
27. Virtual Production Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Virtual Production Market
29. Virtual Production Market Future Outlook and Potential Analysis
30. Appendix
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