In 2019, the total value of the global animation, VFX, and video games industry was estimated to be a whopping $264 billion, meaning that global consumers are clearly entranced by the engaging and high-definition visual experiences. Due to the continuous growth within the technological sector, it is no surprise that the VFX and gaming industries are one of the fastest growing in the global media and entertainment market.
The rapid growth in animation, visual effects services, and video gaming is largely due to the influence from existing factors such as; targeted broadcasting hours by cable and satellite TV, availability of low-cost internet access, penetration of mobile devices alongside the growing popularity of streaming video.
The dynamic VFX and Games Industry
Unsurprisingly, Game VFX is an extremely vast and dynamic industry offering multiple opportunities within the media and entertainment sector. According to market research, the VFX and animation market is expected to achieve a CAGR of over 9% during the 5-year period between 2020-2025.
This news is extremely exciting for gaming companies as the demand for high-quality content by consumers, and the adoption of cloud for VFX, will heavily affect the growth of the global VFX software market. Due to the information mentioned previously, it is no surprise that the evolution of visual effects continues to change dramatically. When it comes to the creation and consumption of video games, 2D animation will continue to survive. However, it will most likely take the form of hybrid 2D/3D animation.
VFX in game development companies
Building a good team who effectively plan and incorporate visual effects has become a crucial part of any game development studio. The more powerful technology becomes, the fewer limitations studios have when achieving realistic visuals.
Visual effects allow developers to build experiences where players get feedback. Done well, players receive a very clear understanding of the game’s intent and potential consequences of any actions they take. This creates a satisfying and gratifying feeling to players that the game recognizes what they’re doing by responding to them.
Conclusion
Unsurprisingly, VFX will continue to be an important feature in many games for years to come. However, we might not see huge leaps in visuals for some time given that visual effects fidelity is already very high. Due to this information, studios will begin to offer an increasing variety of art styles as a way to stand out in the ever crowded industry. However, the driving forces behind these technical evolutions are passion and desire to innovate. So, we wouldn’t be surprised to see some growth if it happens.
If you’d like AAA-quality VFX, crafted by our experts and specialists, get in touch today! Whether for games or movies, indie projects or AAA-budget blockbusters, the Magic Media team are always excited for the next adventure.
