Visual Effects Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR43126
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The visual effects (VFX) market share is expected to increase by USD 5.56 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 12.20%.

This visual effects market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers visual effects market segmentation by application (movies, television, gaming, and advertisements) and geography (North America, APAC, Europe, MEA, and South America). The visual effects market report also offers information on several market vendors, including Deluxe Entertainment Services Group Inc., Digital Domain Holdings Ltd., Digital Idea Corp., Eastman Kodak Co., Framestore Ltd., Hydraulx VFX Ltd., Rodeo FX Inc., Sony Corp., Technicolor SA, and The Walt Disney Co. among others.

What will the Visual Effects Market Size be During the Forecast Period?

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Visual Effects (VFX) Market: Key Drivers and Trends

The increasing demand for high-quality content is notably driving the VFX market growth, although factors such as storage issues for VFX rendering may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the visual effects industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Visual Effects (VFX) Market Driver

One of the key factors driving growth in the visual effects market is the increasing demand for high-quality content. The increasing adoption of digital video content platforms such as Amazon Prime Video, Netflix, and Hulu has created the need for rich content and VFX of all kinds. Streaming service providers are also adopting the latest technologies such as VR and 360-degree and light-field capture, which use VFX. The increase in the production of films is also driving the production studios to adopt VFX in their films and television series. Movie studios are trying to incorporate more animation and VFX- based shots into their films and television series. Studios are investing in VFX to develop feature-rich high-quality content and compete with other digital video streaming service providers, which, in turn, is expected to drive the growth of the global visual effects (VFX) market.

Key Visual Effects (VFX) Market Challenge

The storage issues associated with VFX rendering will be a major challenge for the visual effects market during the forecast period. VFX process involves the integration of live-action footage and computer-generated imagery with digital and special effects to create a realistic environment. A major challenge in the entire process is managing the volume of information used in generating a photorealistic image as a single photorealistic image contains hundreds to thousands of digital assets. Data is a challenge in the rendering process as it is of large size and is available in many format types. VFX studios that are completely dependent on a file storage system are vulnerable to performance, scalability, adaptability, and visibility issues in the rendering process. Since most VFX studios are moving to 4K and higher resolution imagery, the size of the computer-generated imagery (output) is large, which is leading to performance and efficiency issues in the rendering process. The increasing addition of extra storage capacities is creating isolated storage systems that lack interconnection between individual storage capacities. As a result, there is a lack of information on specific VFX modules in the rendering process, creating overall inefficiency and increasing the time of the rendering process.

This visual effects market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Visual Effects Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Deluxe Entertainment Services Group Inc.
  • Digital Domain Holdings Ltd.
  • Digital Idea Corp.
  • Eastman Kodak Co.
  • Framestore Ltd.
  • Hydraulx VFX Ltd.
  • Rodeo FX Inc.
  • Sony Corp.
  • Technicolor SA
  • The Walt Disney Co.

 

This statistical study of the visual effects market encompasses successful business strategies deployed by the key vendors. The VFX market is fragmented and the vendors are deploying growth strategies such as focusing on M&A and entering into partnerships with other players to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The visual effects market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Visual Effects Market?

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39% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for visual effects in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.

The increased demand for online video streaming services will facilitate the visual effects market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Visual Effects Market?

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The visual effects market share growth by the movies segment will be significant during the forecast period. The movies segment is driven by the rising demand for realistic movie experiences by audiences and the growing popularity of VFX-based films. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the VFX market size and actionable market insights on post COVID-19 impact on each segment.

 

Visual Effects (VFX) Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 12.20%

Market growth 2021-2025

$ 5.56 billion

Market structure

Fragmented

YoY growth (%)

9.92

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

North America at 39%

Key consumer countries

US, India, Canada, China, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Deluxe Entertainment Services Group Inc., Digital Domain Holdings Ltd., Digital Idea Corp., Eastman Kodak Co., Framestore Ltd., Hydraulx VFX Ltd., Rodeo FX Inc., Sony Corp., Technicolor SA, and The Walt Disney Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Visual Effects Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive visual effects market growth during the next five years
  • Precise estimation of the visual effects market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the VFX industry across North America, APAC, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of VFX market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Movies - Market size and forecast 2020-2025
    • Television - Market size and forecast 2020-2025
    • Gaming - Market size and forecast 2020-2025
    • Advertisements - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Deluxe Entertainment Services Group Inc.
    • Digital Domain Holdings Ltd.
    • Digital Idea Corp.
    • Eastman Kodak Co.
    • Framestore Ltd.
    • Hydraulx VFX Ltd.
    • Rodeo FX Inc.
    • Sony Corp.
    • Technicolor SA
    • The Walt Disney Co.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The visual effects (vfx) market growth will increase by $5564.14 million during 2020-2025.
    The visual effects (vfx) market is expected to grow at a CAGR of 12.20% during 2020-2025.
    Technavio has segmented the visual effects (vfx) market by application (Movies, Television, Gaming, and Advertisements) and geographic (North America, APAC, Europe, MEA, and South America).
    Deluxe Entertainment Services Group Inc., Digital Domain Holdings Ltd., Digital Idea Corp., Eastman Kodak Co., Framestore Ltd., Hydraulx VFX Ltd., Rodeo FX Inc., Sony Corp., Technicolor SA, The Walt Disney Co. are a few of the key vendors in the visual effects (vfx) market.
    North America will register the highest growth rate of 38.64% among the other regions. Therefore, the visual effects (vfx) market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the visual effects (vfx) market growth are:
    • Increasing demand for high-quality content
    The visual effects (vfx) market vendors should focus on grabbing business opportunities from the movies segment as it accounted for the largest market share in the base year.
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