Increase in usage of digital video streaming platforms driving the North America Visual Effects (VFX) software market. However, complexities in integrating different workforce management are restraining the growth of the North America Visual Effects (VFX) software market. The upsurge of development and integration of new technologies is estimated to provide opportunities for North America Visual Effects (VFX) software market growth. However, the higher probability of data breaches has become a market growth challenge.
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Data Bridge Market Research analyses that the Visual Effects (VFX) Software Market is expected to reach a value of USD 1,878,826.94 thousand by 2030, from USD 702,390.83 thousand in 2022, growing at a CAGR of 13.8% during the forecast period.
Key Findings of the Study
Increase in Usage of Digital Video Streaming Platforms
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, which enables filmmakers and content creators to produce high-quality visual effects that can enhance the storytelling experience and capture viewers' attention.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customisable to 2015-2020)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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Offering (Software and Services), Operating System (Windows, Linux, macOS, and Others), Deployment Model (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)
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Countries Covered
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U.S., Canada, and Mexico
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Market Players Covered
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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) (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 (U.S.), The Qt Company (Finland), and Ziva (A part of unity technologies) (U.S.), among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis
The North America Visual Effects (VFX) software market is segmented into six notable segments based on offering, operating system, deployment model, organization size, effect, and applications.
- On the basis of offering, the market is segmented into software and services
In 2023, the software segment is anticipated to dominate the North America Visual Effects (VFX) Software Market
In 2023, the software segment is expected to dominate the market with 64.92% market share due to the growing demand for high-quality visual effects in the film, television, and gaming industries, which requires sophisticated VFX software to create
- On the basis of operating system, the market is segmented into windows, linux, macOS, and others
In 2023, the Linux segment is anticipated to dominate the North America Visual Effects (VFX) software market
In 2023, the Linux segment is expected to dominate the market with 52.01% market share because it is an open-source operating system, which means it is free to use and can be customized to meet specific needs.
- On the basis of deployment model, the market is segmented into on-premise and cloud. In 2023, the on-premise segment is expected to dominate the market with 56.46% 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 market with 50.00% 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 market with 32.37% 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 North America Visual Effects (VFX) software market with 24.53% market share
Major Players
Data Bridge Market Research analyses Apple Inc. (U.S.), Adobe (U.S.), DISNEY / PIXAR (A SUBSIDIARY OF THE WALT DISNEY COMPANY) (U.S.), Chaos Software EOOD (Germany), The Qt Company (Finland) as the major player in the North America Visual Effects (VFX) software market.
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, 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
Geographically, the countries covered in the North America Visual Effects (VFX) software market report are U.S., Canada and Mexico.
As per Data Bridge Market Research analysis:
The U.S. is expected to dominate and be the fastest growing country in the North America Visual Effects (VFX) software market
The U.S. is expected to dominate the market due to strong demand for VFX software tools. This is due to the presence of the largest film and television industry, with Hollywood leading the way in producing blockbuster movies and TV shows. U.S. is the fastest growing country in the market due to strong demand for VFX software tools.
For more detailed information about the North America Visual Effects (VFX) software market report, click here – https://www.databridgemarketresearch.com/reports/north-america-vfx-software-market
