Middle East & Africa Virtual Production Market Size & Outlook
Middle East & Africa virtual production market, 2018-2030 (US$M)
Related Markets
MEA virtual production market highlights
- The MEA virtual production market generated a revenue of USD 89.8 million in 2023.
- The market is expected to grow at a CAGR of 16.8% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 89.8 million |
| Market revenue in 2030 | USD 267.1 million |
| Growth rate | 16.8% (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 |
| Key market players worldwide | Adobe Inc, AGC Inc, Autodesk Inc, Epic Corp, HTC, NVIDIA Corp, The Walt Disney Co, Grom Social Enterprises Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.3% of the global virtual production market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,000.1 million by 2030.
Software was the largest segment with a revenue share of 41.76% in 2023. Horizon Databook has segmented the Middle East & Africa virtual production market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing uptake of virtual production technology in TV shows and studios is projected to drive the demand for virtual production hardware such as motion capture workstations, simulation cameras, and virtual camera systems over the forecast period. The increase in popularity of realistic virtual characters and 3D design for video games, movies and web series is expected to enhance the demand for computer graphics cards.
Moreover, the advent of a captivating experience enables a different level of gaming interaction and 360° views of graphic content. As a result, the players are able to monitor and control the gaming environment with their senses. Consequently, the amplified application of virtual production technology in gaming is expected to boost the growth of the market.
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Virtual Production Market Scope
Virtual Production Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa virtual production market
Middle East & Africa Virtual Production Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa virtual production market
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