Report : Middle East & Africa 3D Mapping and Modelling Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Deployment Mode (Cloud and On-Premises), Organization Size (SMEs and Large Enterprises), Component (Software Tools and Services), 3D Mapping Application (Inspection and Measurement, Object Reconstruction, Projection and Navigation, Reporting and Virtualization, and Other 3D Mapping Applications), 3D Modelling Application (Product
At 12.3% CAGR, the Middle East & Africa 3D Mapping and Modelling Market is speculated to be worth US$ 701.35 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Middle East & Africa 3D mapping and modelling market was valued at US$ 315.97 million in 2021 and is expected to reach US$ 701.35 million by 2028, registering an annual growth rate of 12.3% from 2021 to 2028. Elevating growth potential in small & medium-sized enterprises (SMEs) and strengthening adoption of cloud solutions for high scalability and flexibility.
The 3D mapping and modelling tools are used among enterprises for designing and engineering applications. It allows designers and engineers to streamline the planning and designing operations and enhance the overall user experience. At present, the 3D mapping and modelling market is dominated by large enterprises in terms of revenue share due to the large-scale operations of these companies and the high uptake of such 3D mapping and modelling solutions in developed regions. For instance, with its extensive capabilities and straightforward processes, ZBrush is a digital sculpting and painting application that has transformed the 3D industry. The company provides digital artists with the most modern tools in a beautiful interface. It delivers a user experience that feels remarkably natural while encouraging the artist within with an arsenal of tools created with usability in mind and allows users to sculpt up to a billion polygons, allowing them to construct whatever they can imagine. Additionally, large enterprises are prominently driving the trend of digital transformation to improve overall operational efficiency and enhance the end user experience. Therefore, the rising uptake of digital solutions and cloud computing among small & medium-sized enterprises are projected to offer attractive growth opportunities to the market players operating in the 3D mapping and modelling market during the forecast period. Moreover, with the growing adoption and popularity of cloud-based 3D mapping and modelling solutions, small & medium-sized enterprises are now increasing their investment in 3D mapping and modelling solutions for cost benefits and easy integration. Thus, this factor will offer ample opportunities for market growth in the coming years.
On the contrary, absence skilled workforce and supporting infrastructure hurdles the growth of Middle East & Africa 3D mapping and modelling market.
Based on component, the Middle East & Africa 3D mapping and modelling market is divided into software tools and services. The software tools segment held 79.3% market share in 2021, amassing US$ 250.67 million. It is projected to garner US$ 547.41 million by 2028 to expand at 12.0% CAGR during 2021–2028.
Based on 3D mapping application, the Middle East & Africa 3D mapping and modelling market is categorised into inspection and measurement, object reconstruction, projection and navigation, reporting and virtualization, and others 3D mapping applications. The inspection and measurement segment held 27.1% market share in 2021, amassing US$ 45.84 million. It is projected to garner US$ 109.22 million by 2028 to expand at 13.4% CAGR during 2021–2028.
Based on 3D mapping application, the Middle East & Africa 3D mapping and modelling market is segmented into product marketing, animation and movies, gaming and designing, architectural rendering, and other 3D modelling applications. The animation and movies segment held 35.8% market share in 2021, amassing US$ 29.14 million. It is projected to garner US$ 65.22 million by 2028 to expand at 12.4% CAGR during 2021–2028.
Based on deployment type, the Middle East & Africa 3D mapping and modelling market is birfucated into cloud and on-premises. The on-premises segment held 69.1% market share in 2021, amassing US$ 218.25 million. It is projected to garner US$ 470.14 million by 2028 to expand at 11.8% CAGR during 2021–2028.
Based on organization size, the Middle East & Africa 3D mapping and modelling market is segmented into SMEs and large enterprises. The large enterprises segment held 61.3% market share in 2021, amassing US$ 193.82 million. It is projected to garner US$ 410.30 million by 2028 to expand at 11.5% CAGR during 2021–2028.
Based on vertical, the Middle East & Africa 3D mapping and modelling market is categorised into Retail and consumer goods, engineering and construction, healthcare and life sciences, transportation and logistics, government and defence, energy and utilities, media and entertainment, manufacturing, and other verticals. The engineering and construction segment held 20.9% market share in 2021, amassing US$ 66.12 million. It is projected to garner US$ 155.60 million by 2028 to expand at 13.2% CAGR during 2021–2028.
Based on country, the Middle East & Africa 3D mapping and modelling market has been segmented into Saudi Arabia, the UAE, South Africa, and Rest of MEA. Our regional analysis states that Saudi Arabia captured 39.0% market share in 2021. It was assessed at US$ 123.28 million in 2021 and is likely to hit US$ 258.59 million by 2028, exhibiting a CAGR of 11.4% during the forecast period.
Key players dominating the Middle East & Africa 3D mapping and modelling market are Pix4D SA; Pixologic, Inc.; Maxon Computer GmbH; WRLD; GeoSLAM; Bentley Systems Incorporated; Alphabet Inc.; Esri; Autodesk, Inc.; Airbus; Trimble Inc.; Saab AB; Dassault Systèmes; Adobe; Mitsubishi Electric Corporation; Topcon Corporation; and Apple Inc. among others.
- In November 2021, Dassault Systemes announced today that the company which already had a 16% ownership interest, is acquiring the remainder of NuoDB equity.
- In December 2019, Adobe announced to acquire Oculus Medium, a virtual reality tool owned by Facebook Inc.’s Oculus division that allows users to sculpt, model and paint in a VR environment. The strategic move aided the company in enhancing their product portfolio.
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