Visual Effects Services (VFX) Market 2023 Driving Factors Forecast Research 2029

VFX market is anticipated to grow at a CAGR of 8.2% during the forecast period (2023-2030). The market's growth is attributed to the growing demand for high-quality visual effects across the globe. The expansion of the entertainment business and consumer demands for immersive and visually spectacular material have both contributed to a huge increase in the demand for high-quality visual effects in recent years. The demand for VFX services has been driven by the increasing reliance of movies, television shows, and video games on visual effects to produce appealing and realistic graphics. For instance, in August 2022, Ingenuity Studios, represented by Loeb & Loeb, a full-service visual effects company that works with customers in the feature film, episodic television, music video, and advertising industries, joined the global post-production services provided by Streamland Media. With the acquisition, Ingenuity Studios can be allowed to increase the range of services that Streamland Media provides to content producers all over the globe. The offerings include specialised support from Picture Shop's picture division, Ghost VFX's visual effects division, Formosa Group's sound division, and Picture Head's marketing division.

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The visual effects services (VFX) market is segmented based on type, application, and technology. Based on type, the market is sub-segmented into simulation FX, animation, modelling, matte painting, and compositing. Based on application, the market is sub-segmented into movies, television, gaming, advertisements, and others. Furthermore, based on technology, the market is sub-segmented into AI and AR. Among the applications, the television manufacturer sub-segment is expected to grow at a considerable CAGR over the forecast period. The segmental growth is attributed to the increasing demand for the usage of visual effects in TV shows, movies, and other media for action sequences, defence scenes, and cameo appearances by superheroes.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Visual Effects services (VFX) Market by Type
o Simulation FX
o Animation
o Modelling
o Matte Painting
o Compositing

Global Visual Effects services (VFX) Market by Application
o Movies
o Television
o Gaming
o Advertisements
o Others

Global Visual Effects services (VFX) Market by Technology
o Artificial intelligence (AI)
o Augmented reality (AR)

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o Animal Logic Group
o Cafe FX
o Cinesite VFX Ltd.
o Digital Domain 3.0, Inc.
o DNEG PLC
o Framestore
o Ghibli Studio Merch
o ImageWorks, LLC
o Nbcuniversal Media, LLC
o Scanline VFX
o Silicon Graphics
o Sony Pictures Entertainment Inc.
o The Walt Disney Co.
o Tippett Studio
o W?t? FX Ltd.

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global visual effects services market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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