Roll It: Industry Revenue is Expected to Grow as Postproduction Technologies Rapidly Change
Video postproduction service providers in Canada have contended with a rapidly changing technological landscape over the five years to 2023. The development of advanced editing software has enabled clients to establish in-house postproduction teams to save money and streamline the production process. However, tax incentives and fluctuations of the Canadian dollar against the US dollar have encouraged US video producers to bring postproduction businesses to Canada. This is primarily because their budgets can go further in provinces that provide tax credits. Appealing destinations for industry operators include Ontario, Quebec and British Columbia, all of which provide tax incentives to video producers. Overall, industry revenue is expected to increase at a CAGR of 0.6% to $2.3 billion over the past five years, including an increase of 1.6% in 2023 alone.
This industry primarily provides postproduction services to the motion picture and video industries. Services include editing, film or tape transferring, subtitling, creating credits, closed captioning, computer graphics, animation, special effects and developing and processing film. This industry does not include mass duplication, audio services in a sound recording studio or operating archives.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
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