Buzzbii Logo
    • Advanced Search
  • Guest
    • Login
    • Register
    • Night mode
Vikas Guru Cover Image
User Image
Drag to reposition cover
Vikas Guru Profile Picture
Vikas Guru
  • Timeline
  • Groups
  • Likes
  • Friends
  • Photos
  • Videos
Vikas Guru profile picture
Vikas Guru
32 w - Translate

Get in on the Ground Floor: Virtual Production Market Soars

According to a research report "Virtual Production Market by Offering (Hardware, Software, Services), Type (Pre-Production, Production, Post-Production), End User (Movies, Television Series, Commercial Advertisement, Online Videos), Region - Global Forecast to 2027" published by MarketsandMarkets, the global virtual production market size is estimated to be USD 2.6 billion in 2022 and is projected to reach 5.1 billion by 2027, at a CAGR of 14.5% during the forecast period. Rising demand for visual effects in movie and television industries, and increasing implementation of LED wall technology play a key role in driving the growth of virtual production market in near future.
• Informational PDF Brochure :-
https://www.marketsandmarkets.....com/pdfdownloadNew.a

Browse 191 market data Tables and 56 Figures spread through 223 Pages and in-depth TOC on "Virtual Production Market - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.....com/Market-Reports/v

Increasing demand for VFX and CGI in movies stimulates market growth

The software segment accounted for the largest share of the virtual production market. The dominance of the segment is attributed to the increasing demand for VFX and CGI in movies. Continuous organic and inorganic growth strategies adopted by virtual production ecosystem players have enhanced the growth of the market. For instance, in May 2022, Mo-Sys Engineering Ltd. formed a partnership with GMS International to make augmented reality and virtual production solutions available to South Korean cinematographers and broadcasters.

Movies segment to capture the lion’s share in the virtual production market

In 2021, the movies segment accounted for the largest share of the virtual production market. The rising trend in moving movies from theaters and multiplexes to over-the-top (OTT) platforms enables producers to access broader audiences. The substantial budgets of movies and increasing demand for VFX-based movies have led to the growth of the movies segment. As stated in the Theme Report 2021 published by the Motion Picture Association, the production of new movies continued to skyrocket post the pandemic. In 2021, approximately 940 films were initiated for production in the US. However, in 2018, 2019, and 2020 only 808, 814, and 443 films were produced during the respective years.

North America leads the virtual production market with the highest share

North America accounted for the largest share of the virtual production market in 2021. Growth can be attributed to the presence of the largest movie industry, increasing budgets for movies, and the use of advanced technology in the media and entertainment industry. As stated in the Theme Report 2021 published by the Motion Picture Association, the expected number of US movies that started filming in 2021 was 943, an increase of 111% from those in 2020 when production was halted due to the COVID-19 pandemic. 226 of these movies had a projected budget higher than USD 15 million, which is a 124% increase from that in 2020 and a 40% rise from that in 2017.

Adobe Inc. (US), NVIDIA Corporation (US), Sony Group (Japan), Autodesk Inc. (US), Technicolor (France), HTC Corporation (Taiwan), Vicon Motion Systems Ltd (UK), SideFX (Canada), Epic Games (US), Mo-Sys Engineering Ltd. (UK), are some of the key players in the virtual production market.

Don’t miss out on business opportunities in Virtual Production Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

Download PDF Brochure - Virtual Production Market Size, Growth Analysis Report | Forecast 2022-2030

Like
Comment
Share
Vikas Guru profile picture
Vikas Guru changed his profile picture
32 w

image
Like
Comment
Share
Vikas Guru profile picture
Vikas Guru changed his profile picture
32 w

image
Like
Comment
Share
 Load more posts
    Info
  • 3 posts

  • Male
  • 12/12/92
  • Living in India
    Albums 
    0
    Friends 
    1
  • Danny Huff
    Likes 
    0
    Groups 
    0

© 2023 Buzzbii

Language
  • English
  • Arabic
  • Dutch
  • French
  • German
  • Italian
  • Portuguese
  • Russian
  • Spanish
  • Turkish

  • About
  • Contact Us
  • Developers
  • More
    • Privacy Policy
    • Terms of Use
    • Request refund

Unfriend

Are you sure you want to unfriend?

Report this User

Important!

Are you sure that you want to remove this member from your family?

You have poked VikasGuru

New member was successfully added to your family list!

Crop your avatar

avatar

© 2023 Buzzbii

  • Home
  • About
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Request refund
  • Developers
Language
  • English
  • Arabic
  • Dutch
  • French
  • German
  • Italian
  • Portuguese
  • Russian
  • Spanish
  • Turkish

© 2023 Buzzbii

  • Home
  • About
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Request refund
  • Developers
Language
  • English
  • Arabic
  • Dutch
  • French
  • German
  • Italian
  • Portuguese
  • Russian
  • Spanish
  • Turkish

Comment reported successfully.

Post was successfully added to your timeline!

You have reached your limit of 5000 friends!

File size error: The file exceeds allowed the limit (488 MB) and can not be uploaded.

Your video is being processed, We’ll let you know when it's ready to view.

Unable to upload a file: This file type is not supported.

We have detected some adult content on the image you uploaded, therefore we have declined your upload process.

Share post on a group

Share to a page

Share to user

Your post was submitted, we will review your content soon.

To upload images, videos, and audio files, you have to upgrade to pro member. Upgrade To Pro

Edit Offer

0%