Shape strategic responses through the phases of industry recovery

NEW YORK, March 10, 2021 — (PRNewswire) — The visual effects (VFX) market is expected to grow by USD 2.51 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the visual effects (VFX) market in optimistic, probable, and pessimistic forecast scenarios. Enterprises will go through the Response, Recovery, and Renew phases.

The visual effects (VFX) market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase as compared to 2019. Download a FREE Sample Report

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

This post-pandemic business planning research will aid clients to:

• Adjust their strategic planning to move ahead once business stability kicks in.
• Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
• Conceptualize scenario-based planning to mitigate future crisis situations.

Download the Post-Pandemic Business Planning Structure

Key Considerations for Market Forecast:

• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
• Pre- as well as post-COVID-19 market estimates
• Quarterly impact analysis and updates on market estimates

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Major Three Visual Effects (VFX) Market Participants:

Deluxe Entertainment Services Group Inc.

Deluxe Entertainment Services Group Inc. operates its business through segments such as Creative, Distribution, Technologies, and Deluxe One. The company offers Method Studios. The solution offers services including conceptual design, pre-vis, look development, on-set supervision, 3D animation/CGI, motion graphics, matte painting, compositing, and finishing.

Digital Domain Holdings Ltd.

Digital Domain Holdings Ltd. operates its business through the Unified segment. The company offers VFX services to film and television production studios.

Digital Idea Corp.

Digital Idea Corp. operates its business through segments such as VFX and New Media. The company offers Visual effects studio solution that can be used by various companies for visual effects.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown:  https://www.technavio.com/report/visual-effects-market-industry-analysis

Visual Effects (VFX) Market 2020-2024: Segmentation

Visual effects (VFX) market is segmented as below:

• Application
• Movies
• Television
• Gaming
• Advertisements
• Geography
• North America
• APAC
• Europe
• MEA
• South America

The visual effects (VFX) market is driven by increasing demand for high-quality content. In addition, other factors such as the increasing number of acquisitions and partnerships are expected to trigger the visual effects (VFX) market toward witnessing a CAGR of about 6% during the forecast period.

Get more insights about the global trends impacting the future of the visual effects (VFX) market, Request Free Sample @  https://www.technavio.com/talk-to-us?report=IRTNTR43126

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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Website: www.technavio.com/
Report Link: https://www.technavio.com/report/visual-effects-market-industry-analysis

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