Visual Effects (VFX) Market expected to grow at a CAGR of 8.2 percent during the forecast period

(IT-NEWSWIRE.COM, March 27, 2023 ) As per the Maximize Market research, a global business and consultancy firm, the global Visual Effects Market was USD 11.25 billion in 2021 and is expected to grow at a CAGR of 8.2 percent during the forecast period to reach USD 21.13 billion by 2029.

Visual Effects (VFX) Market Scope and Research Methodology

The Visual Effects (VFX) Market Report includes an analysis through market size, growth potential, key players, and emerging trends. The bottom-up approach is used to estimate the size of the Visual Effects (VFX) Market by value and volume. The research methodology includes primary and secondary research, industry expert interviews, data analysis, and market segmentation. The Visual Effects (VFX) Market analysis is typically conducted using quantitative and qualitative methods.

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Visual Effects (VFX) Market Dynamics

Growing usage of VFX in media, entertainment, the film industry and content creation has been driving the Global Visual Effects (VFX) Market. OTT platforms such as Amazon Prime Video and Netflix are expected to fuel the Visual Effects (VFX) Market growth.

Visual Effects (VFX) Market Regional Insights

North America dominated the market with a 39 percent share in 2021. The growth of the visual effects market in North America is due to an overall increase in the consumption of high-quality content and the establishment of film production studios.

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Visual Effects (VFX) Market Segmentation:

By Type:

Animation

Modeling

Simulation FX

Matte Painting

Composition

By Application:

Movies

Television

Gaming

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Visual Effects (VFX) Market Key Competitors Include:

The Walt Disney

Framestore Ltd

Cinesite VFX

Digital Domain Holdings

Rodeo FX

Eastman Kodak

HydrauLx VFX

Sony Corp

Technicolor SA

Digital Idea

Delux Entertainment Services Group

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Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:

Enterprise VR Solutions Market : The market is expected to hit USD 2.39 Bn by 2029 at a CAGR of 6.25 percent during the forecast period.

Wearable Technology and IoT Wearable Device Market : The market was USD 3.15 Bn in 2021 and is expected to grow at a CAGR of 11.3 percent to reach USD 7.43 Bn by 2029.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on more than 10,000 high growth emerging opportunities & technologies as well as threats to new entrants across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defence and other manufacturing sectors.

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Dnyaneshwari Yevale

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Visual Effects (VFX) Market expected to grow at a CAGR of 8.2 percent during the forecast period