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Visual Effects (VFX) Software Global Market Report 2024 - By Share, Size, Demand And Industry Trends, Forecast To 2033
Visual Effects (VFX) Software Market
As per the report, the visual effects (VFX) software market size has grown rapidly in recent years. It will grow from $1.52 billion in 2023 to $1.74 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The visual effects (VFX) software market size is expected to see rapid growth in the next few years. It will grow to $2.9 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%.
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Impact Of Digital Video Content Platforms On The Thriving Visual Effects (VFX) Software Market
The rise in popularity of digital video content platforms is expected to propel the growth of the visual effects (VFX) software market going forward. Digital video content platforms refer to online platforms that enable users to create, upload, share, and consume video content over the internet. The demand for digital video content platforms is due to various factors such as monetization opportunities, shifting consumer behavior, and personalization. The integration of VFX (Visual Effects) software in digital video content platforms enhances the quality, creativity, visual appeal, and marketability of the content by contributing to high production value, and interactive video content. For instance, in 2021, according to Wyzowl, a UK-based digital video production company, in 2023, 91% of businesses incorporated digital video into their marketing strategies, up from 86% in 2022. Therefore, the rise in popularity of digital video content platforms is driving the growth of the visual effects (VFX) software market.
Revolutionizing The VFX Landscape With The Launch Of Maya Creative A Cost-Effective Powerhouse For Small Creative Teams
Major companies operating in the visual effects (VFX) software market are developing innovative products such as Maya Creative to enhance product offerings and drive the revenues in the market. This is a cost-efficient and flexible solution for individual creators and smaller teams, allowing them to compete and create content more effectively in the industry. For instance, in September 2022, Autodesk Inc., a US-based software company, launched Maya Creative, a more affordable version of Autodesk's Maya 3D animation software. This is designed to provide powerful modeling, animation, rigging, and rendering tools for film, television, and game development. It also includes Maya's complete suite of industry-standard creative capabilities, including advanced 3D modeling, look development, and texturing, as well as motion graphics, animation deformation and camera sequencing.
The visual effects (VFX) software market covered in this report is segmented -
1) By Offering: Software, Services
2) By Operating System: Windows, Linux, Mac OS, Other Operating Systems
3) By Deployment Mode: On-Premise, Cloud
4) By Application: Feature Film, Advertising, Gaming, Music Video, Short Film, Web Series, Episodic, Other Applications
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Major companies operating in the visual effects (VFX) software market are Apple Inc., E-on Software, Adobe Inc., Autodesk Inc., Framestore Limited, DNEG Limited, Avid Technology Inc., Blackmagic Design Pty Ltd., Chaos Software, NewTek Inc., Pixar Animation Studios, The Foundry Visionmongers, iToo Software, Side Effects Software Inc., Maxon Computer GmbH, Next Limit Technologies S.L., Artlist UK Limited, Red Giant Software, Isotropix SAS, Greyscalegorilla Inc., BORIS FX INC., Fxhome Ltd., The Pixel Farm Limited, Laubwerk GmbH
Contents of the report:
1. Executive Summary
2. Visual Effects (VFX) Software Market Report Structure
3. Visual Effects (VFX) Software Market Trends And Strategies
4. Visual Effects (VFX) Software Market - Macro Economic Scenario
5. Visual Effects (VFX) Software Market Size And Growth
…..
27. Visual Effects (VFX) Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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