IT, New Media & Software

Visual Effects Services Market Growth (Status and Outlook) 2019-2024

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Visual effects (abbreviated VFX) is the process by which imagery is created or manipulated outside the context of a live action shot in film making.

The entire Visual Effects Services market continues to grow in the foreseeable future, and with the increased consumer spending on entertainment products and the higher visual requirements for film and television production, Visual Effects Services will gain growing industry influence.

Tax policies in different countries are one of the main reasons currently affecting the development of Visual Effects Services companies. The implementation of the tax subsidy policy has led major Visual Effects Services companies to migrate around the world to find the lowest combination of labor costs and tax costs. Many Visual Effects Services employees in Hollywood in the United States held demonstrations to protest against the tax subsidy policy for the film and television technology industry — because this made their original advantages disappear and forced them to follow the company’s migration in various tax incentive countries.

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The influx of technical talent and the huge demand in the domestic market have stimulated the demand for Visual Effects Services in many developing countries. The industry is expected to have greater development in China and India in the next few years. The United States still plays a leading role in the industry of Visual Effects Services, but with the merger, development and growth of Visual Effects Services companies in various regions, the world pattern will change accordingly.

According to this study, over the next five years the Visual Effects Services market will register a 8.7% CAGR in terms of revenue, the global market size will reach US$ 4630 million by 2024, from US$ 3060 million in 2019. In particular, this report presents the global revenue market share of key companies in Visual Effects Services business, shared in Chapter 3.

This report presents a comprehensive overview, market shares and growth opportunities of Visual Effects Services market by product type, application, key companies and key regions.

This study considers the Visual Effects Services value generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.

  • Special Effects
  • Digital Effects

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.

  • Television
  • Film
  • Video Game
  • Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

  • Americas
  • United States
  • Canada
  • Mexico
  • Brazil
  • APAC
  • China
  • Japan
  • Korea
  • Southeast Asia
  • India
  • Australia
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
  • Spain
  • Middle East & Africa
  • Egypt
  • South Africa
  • Israel
  • Turkey
  • GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.

The key manufacturers covered in this report: Breakdown data in in Chapter 3.

  • Industrial Light and Magic
  • The Mill
  • Weta Digital
  • Moving Picture Company (MPC)
  • DNEG
  • Sony Pictures Imageworks
  • Cinesite
  • Digital Domain
  • Deluxe Entertainment
  • Framestore
  • Animal Logic
  • Pixomondo
  • Digital Idea
  • Tippett Studio
  • Flatworld Solutions Pvt
  • Method Studios
  • BUF
  • Scanline vfx
  • TNG Visual Effects

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

  • To study and analyze the global Visual Effects Services market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
  • To understand the structure of Visual Effects Services market by identifying its various subsegments.
  • Focuses on the key global Visual Effects Services players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the Visual Effects Services with respect to individual growth trends, future prospects, and their contribution to the total market.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • To project the size of Visual Effects Services submarkets, with respect to key regions (along with their respective key countries).
  • To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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Table of content

2019–2024 Global Visual Effects Services Market Report (Status and Outlook)

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Visual Effects Services Market Size 2014–2024
2.1.2 Visual Effects Services Market Size CAGR by Region
2.2 Visual Effects Services Segment by Type
2.2.1 Special Effects
2.2.2 Digital Effects
2.3 Visual Effects Services Market Size by Type
2.3.1 Global Visual Effects Services Market Size Market Share by Type (2014–2019)
2.3.2 Global Visual Effects Services Market Size Growth Rate by Type (2014–2019)
2.4 Visual Effects Services Segment by Application
2.4.1 Television
2.4.2 Film
2.4.3 Video Game
2.4.4 Others
2.5 Visual Effects Services Market Size by Application
2.5.1 Global Visual Effects Services Market Size Market Share by Application (2014–2019)
2.5.2 Global Visual Effects Services Market Size Growth Rate by Application (2014–2019)

3 Global Visual Effects Services by Players
3.1 Global Visual Effects Services Market Size Market Share by Players
3.1.1 Global Visual Effects Services Market Size by Players (2017–2019)

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