Report : Middle East and Africa Camera Tracking Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Software and Services) and Tracking Type (Still Tracking and Sequence Tracking)
Sequence Tracking Segment is Expected to be Fastest Growing During Forecast Period for MEA Region
According to a new market research study on “MEA Camera Tracking Software Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component and Tracking Type” is expected to reach US$ 26.06 million by 2028 from US$ 14.33 million in 2021. The market is estimated to grow at a CAGR of 8.9% from 2021 to 2028. The report provides trends prevailing in the MEA camera tracking software market along with the drivers and restraints pertaining to the market growth. Burgeoning use of artificial intelligence technology and mounting VFX industry are the major factor driving the growth of the MEA camera tracking software market. However, alternatives such as open-source software hinders the growth of MEA camera tracking software market.
In case of COVID-19, MEA is highly affected especially Iran, which has reported the highest number of COVID-19 cases. Moreover, Turkey, Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are among the other countries in the region that faced notable disruptive effect of the pandemic. The lockdown measures were imposed only in a few countries that witnessed rapid spread of the infection. However, in line with the global trend, the camera tracking market in this region witnessed restraining effects of the pandemic. Subscription for camera tracking software staggered, since films shoots and TV shows shooting were halted, and the overall content production was severely impacted. The region's film industry is dependent on co-producers, film funds, and decision-makers from other regions, but these have grown increasingly unresponsive, as the European cinema business, from where most independent productions draw their finance were struggling with handling their domestic film industry. However, with gradual improvements in situations from the beginning of 2021, various European and North American countries eased their lockdown norms, due to which the media and entertainment industry in the MEA has started to recover.
The MEA camera tracking software market is segmented on the basis of component, tracking type, and country. Based on component, the MEA camera tracking software market is segmented into software and services. The software segment dominated the MEA camera tracking software market in 2020 and services segment is expected to be fastest growing during forecast period. Based on tracking type, the MEA camera tracking software market is categorized as still tracking and sequence tracking. The sill tracking segment dominated the MEA camera tracking software market in 2020 and sequence tracking segment is expected to be fastest growing during forecast period
Adobe; Andersson Technologies LLC; Autodesk, Inc.; Blackmagic Design Pty. Ltd.; and Vicon Motion Systems Ltd are among the leading companies in the MEA camera tracking software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Blackmagic Design Pty Ltd. announced DaVinci Resolve 17.1 universal Apps on Macs.
The Report Segments the MEA Camera Tracking Software Market as Follows:
MEA Camera Tracking Software Market – By Component
MEA Camera Tracking Software Market – By Tracking Type
- Still Tracking
- Sequence Tracking
MEA Camera Tracking Software Market – By Country
- South Africa
- Saudi Arabia
- Rest of MEA
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