The size of the visual effects market has experienced robust growth in recent years. The market, valued at $11.55 billion in 2024, is anticipated to grow to $12.58 billion in 2025, representing a compound annual growth rate (CAGR) of 8.9%. This impressive growth in the historic period can be attributed to increased user experience expectations, rising budgets and investment, emerging digital streaming platforms, talent and skill development, and growth in the film and entertainment industry.
The visual effects market is set for an accelerated path in the next couple of years. Predicted to reach $19.74 billion in 2029, the market is projected to grow at a CAGR of 11.9%. The growth factors in the forecast period include the evolution of content consumption, the rapid increase of streaming platforms, the advent of augmented and virtual reality, the globalization of media content, and the rising demand for realistic visuals.
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What Are The Key Growth Drivers for Visual Effects Market?
The escalating use of digital video streaming services is expected to accelerate growth in the visual effects market. Digital video streaming services involve a media streaming system that transmits data from a video file to a remote user via the internet. Visual effects software assists in creating animation, and special effects and enhances films with digital elements. The growing demand for digital video streaming services necessitates high-quality visual effects for TV shows and movies, thus driving the growth of the market. In 2022, Netflix’s quarterly report declared an increase of 2.41 million subscribers globally, bringing the total subscribers to 223.09 million. This further reinforces the growing demand for digital video streaming and its effect on the visual effects market.
Which Are The Key Segments of the Visual Effects Market?
1) By Type: Matte Painting, Simulation FX, Compositing, Motion Capture, Character And Creature Animation, Concept Art, Previs Or Pre-visualization, Other Types
2) By Component: Software, Hardware, Services
3) By Application: Movies, Advertisements, TV Shows, Gaming
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Who Are Major Players Participating in the Visual Effects Market?
Significant players operating in the visual effects market encompass Digital Domain Holdings Limited, Rodeo FX Inc., Hydraulx Visual Effects Inc., Sony Pictures Entertainment Inc., Technicolor SA, Deluxe Media Inc., Blackmagic Design Pty. Ltd., Foundry Visionmongers Limited, Zoic Studios LLC, Animal Logic Pty Ltd., RE:Vision Effects Inc., Video Copilot and Final Image Inc., Framestore Group Limited, Deluxe Entertainment Services Group Inc., Lucasfilm Ltd., BUF Compagnie, The Moving Picture Company Limited, Cinesite Visual Effects Studio Limited, ImageWorks Inc., Double Negative Visual Effects Limited, Scanline VFX Inc., Animal Logic, Weta Digital Limited, The Mill Film, MPC Limited, Method Studios Inc., Pixomondo GmbH.
What Are the Key Trends in the Visual Effects Market?
Advancements in technology are the key trends gaining momentum in the visual effects market. Companies are increasingly focusing on AI-powered solutions. In July 2023, Netflix Inc. launched an AI-powered green screen to make visual effects more lifelike and accurate in real-time.
Which Region Is The Largest In The Visual Effects Market?
In 2024, North America was the largest region in the visual effects market. Other regions covered in the visual effects market report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, Africa.
What Does The Visual Effects Market Report 2025 Offer?
Visual effects, the creation or enhancement of film or video using a computer during post-production, are used predominantly to create environments or characters. They are applied to merge live-action footage and enhanced imagery. The Visual Effects Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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