Visual Effects (VFX) Market Outlook, Size, Share, Analysis, Report 2023-2028

The latest report by IMARC Group, titled “Visual Effects (VFX) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global visual effects (VFX) market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global visual effects market size reached US$ 9.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.2 Billion by 2028, exhibiting a growth rate (CAGR) of 8.5% during 2023-2028.

Visual effects (VFX) use computer-generated imagery (CGI) and other digital technologies to create or enhance visual content in films, television shows, video games, and other media. They involve the integration of live-action footage with CGI to create realistic environments, characters, and effects that are difficult or impossible to create practically. They are used to enhance the storytelling and visual impact of a film or media project and considered an integral part of modern filmmaking and media production.

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Visual Effects (VFX) Market Trends:

The increasing demand for high-quality video content in filmmaking and the rising influence of social media represents one of the major factors driving the use of VFX around the world. Moreover, the growing popularity of streaming animated movies, television (TV) shows, video games and web series is catalyzing the demand for VFX to create realistic, lifelike animation that engages viewers and enhances the overall experience. In addition, the increasing demand for special effects, such as explosions, fire, and weather effects, in movies is favoring market growth. Apart from this, the increasing number of VFX-based online and video games, rising casual and professional gamers, and significant growth in the gaming industry are some of the other factors creating a positive outlook for the market.

Some of the Top Key Players Operating in the Market are Given Below:

• Adobe Inc.
• Animal Logic
• Cinesite (Eastman Kodak Company)
• Digital Domain Holdings Limited
• Framestore
• Pixomondo
• Rodeo FX
• Scanline VFX
• Sony Pictures Entertainment Inc. (Sony Group Corporation)
• Technicolor SA
• The Foundry Visionmongers Limited
• The Walt Disney Company

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Key Market Segmentation:

Breakup by Component:

• Software
• Services
• Hardware

Breakup by Product:

• Simulation FX
• Animation
• Modelling
• Matte Painting
• Compositing

Breakup by Technology:

• AI (Artificial Intelligence)
• AR (Augmented Reality)

Breakup by Application:

• Movies
• Television
• Gaming
• Advertisements 
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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