Report : North America 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)
Software Segment to Dominate North America Camera Tracking Software Market During 2021–2028
According to a new market research study on “North America Camera Tracking Software Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component and Tracking Type” is expected to reach US$ 271.38 million by 2028 from US$ 115.68 million in 2021. The market is estimated to grow at a CAGR of 13.0% from 2021 to 2028. The report provides trends prevailing in the North America camera tracking software market along with the drivers and restraints pertaining to the market growth. Rising demand for high-quality 3D camera tracking software and growing popularity of science-fiction movies among youth are the major factor driving the growth of the North America camera tracking software market. However, presence of open-source software hinders the growth of North America camera tracking software market.
In case of COVID-19, North America is highly affected specially the US, and the count has reached more than 20 million as of 2021; California, Texas, Florida, and New York are among the highly affected areas. The federal government in the country did not impose nationwide lockdown in 2020; however, governors of few sates decided to impose lockdown in their respective states, which led to the disruption of operations of various sectors, including manufacturing, IT, and media and entertainment. Production houses had to put a halt on several big film projects amid this scenarios, as different locations were restricted for shooting films and TV shows. Moreover, cinema halls were shut down due to bankruptcy. In the US, ~2,500 cinemas were shut down to avoid public gatherings. As a result, the businesses related to film-making such as shooting equipment, sound equipment, editing software, and special effect software, as well as services, experienced slump in growth. However, with the easing of lockdown, the production of film/TV shows resumed gradually in 2021. Owing to this, the media and entertainment sector, as well as the camera tracking software market, in North America is likely to recover in the coming months.
The North America camera tracking software market is segmented on the basis of component, tracking type, and country. Based on component, the North America camera tracking software market is segmented into software and services. The software segment dominated the North America camera tracking software market in 2020 and services segment is expected to be fastest growing during forecast period. Based on tracking type, the North America camera tracking software market is categorized as still tracking and sequence tracking. The sill tracking segment dominated the North America 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.; BORIS FX, INC; Maxon Computer GmbH; MO-SYS ENGINEERING LTD; Ncam; The Foundry Visionmongers Limited; and Vicon Motion Systems Ltd are among the leading companies in the North America 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 2021, Adobe and FedEx Partner to Innovate ECommerce Delivery.
The Report Segments the North America Camera Tracking Software Market as Follows:
North America Camera Tracking Software Market – By Component
North America Camera Tracking Software Market – By Tracking Type
- Still Tracking
- Sequence Tracking
North America Camera Tracking Software Market – By Country
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