Post Production - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Post Production Market is accounted for $7.31 billion in 2020 and is expected to reach $15.12 billion by 2028 growing at a CAGR of 9.5% during the forecast period. Increasing penetration of modern technologies such as internet protocol television (IPTV), growth in digital marketing, and rising online streaming services are the major factors propelling the market growth. However, high cost of technologies is hampering the market growth.
Post-production is the stage after production when the filming is wrapped and the editing of the visual and audio materials begins. Post-production refers to all of the tasks associated with cutting raw footage, assembling that footage, adding music, dubbing, sound effects, just to name a few. The post-production process is highly collaborative, across a few months to even a year, depending on the size and need of the project.
Based on technique, the visual effects (VFX) segment is going to have a lucrative growth during the forecast period owing to the growing demand for high-quality content. VFX are the techniques used to create or manipulate visual images recorded for a film. The change in end-customer preferences and advances in VFX technologies, with the adoption of AI, are increasingly encouraging movie and commercial video-makers to adopt VFX technologies, which will increase the demand for VFX during the forecast period.
By geography, North America is going to have a lucrative growth during the forecast period due to the rise in implementation of latest technologies in media sector, increase in the number of research & development activities in the region and existence of well-established industrial infrastructure. Also growing media and entertainment, telecom, and education sectors contribute to the major growth of the region. The US is a key market for post-production in North America.
Some of the key players profiled in the Post Production Market include AT&T Inc, Comcast Corp, Eros International Plc, Lions Gate Entertainment Corp, MGM Holdings Inc, Netflix Inc, Prime Focus Ltd, Rocket Science Ltd, Sony Corp, The Walt Disney Company, 21st Century Fox, and ViacomCBS Inc.
• Two Dimensional (2D) - Three Dimensional (3D) Conversion
• Audio Processing
• Visual Effects (VFX)
• Online Videos
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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