Market revenue in 2023 | USD 2,108.1 million |
Market revenue in 2030 | USD 6,785.1 million |
Growth rate | 18.2% (CAGR from 2023 to 2030) |
Largest segment | Software |
Fastest growing segment | Services |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Hardware, Software, Services |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to virtual production market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 41.77% in 2023. Horizon Databook has segmented the Global virtual production market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The traditional media production process is highly linear, with cinematographers and directors scene planning, VFX creation and editing, and casts assembled on set. Preproduction, production, and postproduction with a one-way flow can lead to adverse outcomes like fix-it-in-post approach, expensive reshoots and redundant VFX work.
Virtual production sanctions production houses to initiate VFX work in preproduction, making digital materials accessible for planning and shooting and letting them fine-tune the final result throughout the production process. Virtual production is an expansion of the traditional filmmaking playbook, consenting studios to tryout more while keeping production time and cost under control.
Horizon Databook provides a detailed overview of global-level data and insights on the Global virtual production market , including forecasts for subscribers. This global databook contains high-level insights into Global virtual production market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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