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.
Browse the full report description of “Visual Effects Services (VFX) Market Size, Share & Trends Analysis Report by Type (Simulation FX, Animation, Modelling, Matte Painting, and Compositing), by Application (Movies, Television, Gaming, Advertisements, and Others), and by Technology (Artificial intelligence (AI), and Augmented reality (AR)) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/vfx-market
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.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Type
o By Application
o By Technology
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o 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.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Visual Effects Services (VFX) Market Report Segment
By Type
By Application
By Technology
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
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