The global visual effects services (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 exposure to digital content, that has increased across the globe. The popularity of streaming services, internet video, and digital media consumption has increased the requirement for visually appealing material. As a result, there is now a greater demand for VFX services to raise the level of quality and the attraction of digital material. VFX studios are essential in assisting content producers in providing audiences with visually arresting and captivating experiences. Accordingly, market players are coming up with new products to cater to the demand for digital content. For instance, in February 2022, Troubled Muse launched a Shreveport, Louisiana, animation and visual effects (VFX) studio funded by the Louisiana Entertainment Job Creation Programme. Troubled Muse produces original digital content with a focus on motion capture, visual effects, and animation for television and major movie pictures.
Accordingly, market players are coming up with new products to cater to the demand for cloud-based production. For instance, in April 2021, Amazon Web Services launched a new all-in-one cloud-based production platform named Amazon Nimble Studio that allows VFX and animation companies to build up a whole studio in the cloud. The platform allows consumers access to combined cloud storage, virtual workstations powered by Nvidia, and integrated online renderfarm management built on Thinkbox Deadline from AWS.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Type
- By Application
- By Technology
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- includes Animal Logic Group, Cafe FX, Cinesite VFX Ltd., Digital Domain 3.0, Inc., and DNEG PLC, among others.
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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)
Visual Effects Services (VFX) Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Animal Logic Group
- Cafe FX
- Cinesite VFX Ltd.
- Digital Domain 3.0, Inc.
- DNEG PLC
- Framestore
- Ghibli Studio Merch
- ImageWorks, LLC
- Nbcuniversal Media, LLC
- Scanline VFX
- Silicon Graphics
- Sony Pictures Entertainment Inc.
- The Walt Disney Co.
- Tippett Studio
- W?t? FX Ltd.
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