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Virtual Production Market Grows as Average Stage Size Contracts

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The virtual production market is growing as average stage size contracts, according to new Vu Technologies report.

industry could top $8 billion by 2030, but the sector is also changing, with factors ranging from the size and use of volumes to the impact of AI. These are two of the findings in a new report compiled by virtual production tech company Vū Technologies that features data from multiple sources, including 360iResearch.

If there isn’t a strike, the Vū forecast suggests the virtual production market could soar to $3 billion in 2024 and continue to grow in the coming years. The report projects that 41% of the category revenue this year will come from hardware, followed by software with 31% of the revenue and services with 28%.

 

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