Virtual Production Market To Hit $6.78 Billion By 2030: Grand View Research, Inc.

A new report by Grand View Research, Inc. has found that the global virtual production market size is expected to reach USD 6.78 billion by 2030, with a CAGR of 18.2%. This growth is attributed to the rising popularity of virtual production in the media and entertainment industry, and its capabilities to create high-definition visuals and real-time virtual environments. The report also found that virtual production technology enables filmmakers to reduce the demand for on-set production teams and crew members by integrating virtual background environments into their productions.