Data Bridge Market Research analyzes that the global visual effects (VFX) software market is expected to grow at a CAGR of 13.3% in the forecast period of 2023 to 2030 and is expected to reach USD 4,550,558.58 million by 2030. The software segment is projected to propel the market growth due to low labor costs, proper communication, easy access to highly skilled labor, quality service, and others.
Access Full Report @ https://www.databridgemarketresearch.com/jp/reports/global-vfx-software-market
The increased usage of digital video streaming platforms drives the Global Visual Effects (VFX) Software Market However, complexities in integrating different workforce management are restraining the growth of the global visual effects (VFX) software market. The upsurge of development and integration of new technologies is estimated to provide opportunities for global visual effects (VFX) software market growth. However, the higher probability of data breaches has become a market growth challenge.
Key Findings of the Study
An increase in the usage of digital video streaming platforms is expected to drive the market's growth rate
A digital video streaming platform is an online service that provides users with on-demand access to video content such as movies, TV shows, and other videos. Users can stream the content directly to their devices over the internet rather than downloading it for later viewing. As more and more people turn to these platforms for entertainment, the demand for high-quality, visually engaging content increases. This drives the demand for VFX software, enabling filmmakers and content creators to produce high-quality visual effects that enhance the storytelling experience and capture viewers' attention.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Year
|
2021 (Customizable to 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Thousand
|
|
Segments Covered
|
Offering (Software and Services), Operating System (Windows, Linux, MAC OS, and Others), Deployment Mode (On-Premise and Cloud), Organization Size (Independent Filmmaker, Small Scale Studios (Boutique Studios), Medium Scale Studios, and Large Scale Studios), Effect (Bullet Time, Digital Compositing, Stop Motion Animation, Matte Painting, and Prosthetic Makeup), Application (Feature Film, Advertising, Episodic, Gaming, Music Video, Short Film, Web Series, and Others)
|
|
Country Covered
|
U.S., Canada, and Mexico in North America, Germany, France, U.K., Italy, Spain, Russia, Turkey, Poland, Sweden, Denmark, Norway, Belgium, Netherlands, Finland, Switzerland, and Rest of Europe in Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, New Zealand, Indonesia, Taiwan, Vietnam, Philippines, and Rest of Asia Pacific in the Asia-Pacific (APAC), South Africa, Egypt, Saudi Arabia, U.A.E, Israel, Oman, Qatar, Kuwait, Bahrain and Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina, and Rest of South America as part of South America
|
|
Market Players Covered
|
Sitni Sati (Croatia), Maxon Computer GMBH (Germany), Artlist UK Limited (England), BORIS FX, INC. (U.S.), DISNEY / PIXAR(A Subsidiary of The Walt Disney Company), Avid Technology (U.S.), Avid Technology, Inc (U.S.), E-on Software (France), Apple Inc. (U.S.), Isotropix SAS. (France), Laubwerk GmbH (Germany), PLANETSIDE SOFTWARE LLC (U.S.), Greyscalegorilla, Inc (U.S.), iToo Software (Spain), Toolchefs LTD (U.K.), MotionVFX (Poland), Pixel Farm, Inc. (U.S.), Next Limit (Spain), MAGIX Software GmbH. (Germany), Rodypolis (U.S.), Science-D-Visions (Germany), SideFX (Canada), Blackmagic Design Pty. Ltd.(Australia), Chaos Software EOOD (Germany), The Foundry Visionmongers Limited (U.K.), Adobe (U.S.), Blender (The Netherlands), Autodesk Inc. (U.S.), The Qt Company, Ziva (A part of unity technologies) (Finland), Ziva (A part of unity technologies) (U.S.)
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
|
Segment Analysis
The global visual effects (VFX) software market is segmented into eight notable segments based on offering, operating system, deployment mode, organization size, effects, and applications.
- On the basis of offering, the market is segmented into software and services. In 2023, the software segment is expected to dominate the global visual effects (VFX) software market with 65.44% market share.
In 2023, the software of offering segment is anticipated to dominate the visual effects (VFX) software market
In 2023, the software segment is expected to dominate the global visual effects (VFX) software market due to the growing demand for high-quality visual effects in the film, television, and gaming industries, which requires sophisticated VFX software to create. Furthermore, technological advancements have made VFX software more sophisticated, with a wider range of features and capabilities, further increasing demand.
- On the basis of operating systems, the market is segmented into windows, linux, Mac OS, and others. In 2023, the linux segment is expected to dominate the global visual effects (VFX) software market with 53.74% market share.
In 2023, the on-premises of deployment mode segment is anticipated to dominate the visual effects (VFX) software market
- On the basis of deployment mode, the market is segmented into on-premise and cloud. In 2023, the on-premises segment is expected to dominate the global visual effects (VFX) software market with 57.04% market share.
- On the basis of organization size, the market is segmented into independent filmmaker, small scale studios (boutique studios), medium scale studios, and large scale studios. In 2023, the medium scale studios segment is expected to dominate the global visual effects (VFX) software market with 51.73% market share.
- On the basis of effect, the market is segmented into bullet time, digital compositing, stop motion animation, matte painting, and prosthetic makeup. In 2023, the digital compositing segment is expected to dominate the global visual effects (VFX) software market with 34.71% market share.
- On the basis of application, the market is segmented into feature film, advertising, episodic, gaming, music video, short film, web series, and others. In 2023, the feature film segment is expected to dominate the global visual effects (VFX) software market with 28.51% market share.
Major Players
Data Bridge Market Research recognizes the following companies as the major visual effects (VFX) software market players, which are Sitni Sati (Croatia), Maxon Computer GMBH (Germany), Artlist UK Limited (England), BORIS FX, INC. (U.S.), DISNEY / PIXAR(A Subsidiary of The Walt Disney Company), Avid Technology (U.S.), Avid Technology, Inc (U.S.), E-on Software (France), Apple Inc. (U.S.), Isotropix SAS. (France), Laubwerk GmbH (Germany), PLANETSIDE SOFTWARE LLC (U.S.), Greyscalegorilla, Inc (U.S.), iToo Software (Spain), Toolchefs LTD (U.K.), MotionVFX (Poland), Pixel Farm, Inc. (U.S.), Next Limit (Spain), MAGIX Software GmbH. (Germany), Rodypolis (U.S.), Science-D-Visions (Germany), SideFX (Canada), Blackmagic Design Pty. Ltd.(Australia), Chaos Software EOOD (Germany), The Foundry Visionmongers Limited (U.K.), Adobe (U.S.), Blender (The Netherlands), Autodesk Inc. (U.S.), The Qt Company, Ziva (A part of unity technologies) (Finland), Ziva (A part of unity technologies) (U.S.).
Market Development
- In December 2022, IBM Corporation announced the acquisition of Octo. This IT consulting company offers artificial intelligence (AI), cloud, infrastructure, cybersecurity, data modernization, blockchain, and DevSecOps services to U.S. federal government agencies. This helps the company to increase its service portfolio.
- In December 2022, Accenture announced the acquisition of Fiftyfive5 in a customer insights and advisory business. This improves Accenture Song's (formerly Accenture Interactive) capacity to assist clients in utilizing data insights and performance marketing to spur development and innovation. This helps the company to increase its customer base in Australia and New Zealand efficiently.
- In November 2022, Cognizant announced that it had agreed to acquire AustinCSI, a premier digital transformation consultancy specializing in enterprise cloud and data analytics advisory services. This acquisition strengthens Cognizant's technology capability and vertical industry experience, enhancing its advising skills for delivering comprehensive digital strategy and innovative solutions to clients.
- In November 2022, ADP Retirement Services launched Co-Branded Retirement Plan Solution for the HUB International Platform, two new retirement plan solutions - one for HUB International and the second for their affiliate GRP Financial. Small- and mid-sized employers also benefit from the retirement advisory capabilities of HUB and GRP.
- In October 2022, Aidey was named by Clutch as a Top 2021 B2B Company in the Philippines. Clutch is the top platform for IT, marketing, and business service providers to receive ratings and reviews. Simplifying the decision-making process when it comes to collaborations promotes company success.
Regional Analysis
The global visual effects (VFX) software market is analyzed, and market size insights and trends are provided by offering, operating system, deployment mode, organization size, effect, and application.
The countries covered in the global Visual effects (VFX) software market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Italy, Spain, Russia, Turkey, Poland, Sweden, Denmark, Norway, Belgium, Netherlands, Finland, Switzerland, and Rest of Europe in Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, New Zealand, Indonesia, Taiwan, Vietnam, Philippines, and Rest of Asia Pacific in the Asia-Pacific (APAC), South Africa, Egypt, Saudi Arabia, U.A.E, Israel, Oman, Qatar, Kuwait, Bahrain and Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina, and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is expected to dominate the global Visual effects (VFX) software market during the forecast period 2023-2030
In 2022, North America is expected to dominate the global visual effects (VFX) software market owing to the increase in the usage of digital video streaming platforms.
COVID-19 Impact Analysis
The outbreak of COVID-19 has significantly impacted the visual effects (VFX) software market. The pandemic has caused a decline in demand for VFX software due to the closure of film and television production studios due to the lockdown and social distancing measures. Additionally, VFX software companies have encountered challenges with global supply chains, causing delays in product releases and upgrades due to the difficulties in sourcing necessary hardware components.
Furthermore, the closure of theaters and the shift towards streaming services has altered the economics of the film industry, which is one of the primary users of VFX software. Consequently, studios have either delayed the release of their films or opted to distribute them directly to streaming services.
However, the pandemic has also opened up new opportunities for VFX software companies as remote work has become more prevalent. The demand for cloud-based VFX solutions that allow artists to work collaboratively on projects from different locations has increased considerably. This trend is expected to continue even beyond the pandemic as many companies recognize the benefits of remote work.
Overall, the impact of COVID-19 on the VFX software market has been mixed. Although some sectors have experienced decreased demand, the pandemic has provided new opportunities for companies to adapt and innovate.
For more detailed information about the market report, click here – https://www.databridgemarketresearch.com/jp/reports/global-vfx-software-market
