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 analysed based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East and Africa, and Latin America). Among these, Asia-Pacific is projected to experience prominent growth over the forecast period, driven by the rise in demand can be attributed to businesses investing more in visual effects for content creation and brand enhancement.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Visual Effects Services (VFX) Market Report Segment
By Type
- Simulation FX
- Animation
- Modelling
- Matte Painting
- Compositing
By Application
- Movies
- Television
- Gaming
- Advertisements
- Others
By Technology
- Artificial intelligence (AI)
- Augmented reality (AR)
Global Visual Effects Services (VFX) Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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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