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    Special Effects Services Market Report

    Special Effects Services Market Report
    Report code - SRCG327 Delivery - 2 Weeks
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    Global Special Effects Services Market, Dynamics, and Market Analysis
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    Impact of COVID-19 on Special Effects Services Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Special Effects Services Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Global special effects services Market is expected to grow from USD 3,485.1 million in 2020 to USD 7,187.5 million by 2026 at a CAGR of 12.8% during the forecast period.

    Figure: Global special effects services Market Size, 2020-2026 (USD Million)

    Special-Effect-Services-Market-Forecast

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    What are Special Effects Services?

    Special effects services refer to the development of creative scenes, images, and visual effects that are used in making movies, short films, music videos, and advertisements.

    These services are used by filmmakers, studios, artists, brands, ad agencies, and organizations to give an immersive experience to their audiences. The service providers use various kinds of graphical tools to develop such artistic content for their clients.

    Key Players

    Key players operating in the global special effects services market are-

    • Moving Picture Company UK),
    • Industrial Light & Magic (The U.S),
    • Weta Digital (New Zealand),
    • Pixomondo (The U.S),
    • Unreal Engine (The U.S),
    • Danish Special Effects Service (Denmark),
    • Sony Pictures Imageworks (Canada),
    • Phantom Dynamics (The U.S),
    • Bloodhound FX (Australia),
    • Animal Logic (Australia),
    • Flatworld Solutions (India),
    • Cinesite (UK),
    • Scanline VFX (Germany),
    • Digital Domain (The U.S),
    • BUF (France),
    • Method Studios (The U.S),
    • Artem (UK),
    • Digital Idea (South Korea), and
    • LEGEND Studios (Australia).

    Market Dynamics

    The special effects services market is continuously growing owing to the increasing usage of computer graphics in the entertainment industry and developments in camera and lighting technologies. Moreover, the use of artificial intelligence (AI) in computer graphics tools offers new opportunities for growth to the market. However, high initial costs and lack of skilled professionals act as restraining factors for the market.

    Segment Analysis

    End User Trends

    Among the end-users of special effects services, the filmmakers contribute the largest share in the global size of the market.

    • Special effects services are extensively used in making films to create artistic scenes in the movie and attract international audiences.
    • Advertisement agencies are expected to adopt the services at the highest rate during the forecast period due to the increasing need for innovative and creative ideas in the marketing industry.

    Regional Trends

    Among regions, North America is expected to be the leader during the forecast period due to the presence of major special effects service providers and the wide adoption of creative graphical solutions in the region.

    Asia Pacific is expected to grow with the highest CAGR during the forecast period. The inclination of a wide population towards digital marketing and creative designing acts as a major driving factor for the growth of the computer graphics market in the region.

    COVID-19 Impact on Global Special Effects Services Market

    The global special effects services market has experienced a negative impact from the COVID-19 pandemic.

    Due to the lockdown, the whole film industry got adversely affected and delaying the creation of new movies. This is impacting the revenue opportunity for the special effects service providers. The market is expected to return to its normal state from 2022 onward.

    Critical Questions Answered in the Report

    • What are the key trends in the global special effects services market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global special effects services market?
    • What are the key strategies adopted by the major vendors to lead in the global special effects services market?
    • What is the market share of the top vendors?

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    Target Audience

    Here is the list of the group of customers that the Special Effects Services market hopes to have the greatest opportunity to convert-

    • special effects services Vendors
    • Community Centres
    • Fitness Service Providers
    • Recreation Organizations
    • Government

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    The special effect services market is expected to witness an impressive growth of 12.8% CAGR in the foreseeable future.

    The special effect services market size is expected to reach USD 7,187.5 million in the coming years.

    North America is expected to lead the special effect services market during the forecast period.

    Asia-pacific is expected to grow with the highest CAGR in the special effect services market in the coming five years.

    The filmmakers contribute the largest share in the special effect services market.

    Special effects services Vendors, Community Centres, Fitness Service Providers, Recreation Organizations, Government are the target audience in the special effect services market.

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