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)
Market Introduction
The market growth in this region is attributed to the increasing advancements and investments in the media and entertainment sector that is undergoing significant digitization. The consumption of digital content on various OTT platforms, social media platforms, and other streaming sites is on rise in the region. Further, the adoption of video content, especially that being streamed on OTT platforms, and music is at a peak in the region amid the COVID-19 pandemic that has also boosted the popularity of online gaming. Subscription services such as Netflix, Shahid (owned by MBC), and Starzplay Arabia (based in Dubai) have added more local content to address the demands of a large number local consumers, as they were observed to be spending excess time watching shows, movies, shirt videos on these channels during 2019–2020. With the ongoing transformation in the media and entertainment industry, the demand for various film-making solutions and services, including camera tracking software, has increased in the MEA. As a result, many software providers have expanded their presence in the region to offering their SaaS-based solutions to production companies or independent artist making films and tv shows. Burgeoning use of artificial intelligence technology and mounting VFX industry are the major factor driving the growth of the 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.
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Market Overview and Dynamics
The MEA camera tracking software market is expected to grow from US$ 14.33 million in 2021 to US$ 26.06 million by 2028; it is estimated to grow at a CAGR of 8.9% from 2021 to 2028. Science-fiction (sci-fi) is a genre that explores the impact of actual or imagined science on society or individuals. Speculative fiction writing, such as sci-fi, action thriller, and horror, involve elements that are profoundly unknown to audiences. Within these alien situations, real human concerns and issues can be explored in an entirely different light. As a result, sci-fi stories thrill the audiences by the unknown and imaginative characters or situations, as well as establishes a connection between humans and the imagination. Sci-fi writers combine their imagination with their knowledge of real science. Movies of this genre have become extremely popular among youth, and many sci-fi movies–including Avatar 2, Jurassic World: Dominion, Dune, Ghostbusters: Afterlife—are lined up for production and release in the coming years. Previously, camera tracking software have delivered impressive and creative content in movies such as Spiderman Homecoming, Black Panther, and Guardians of the Galaxy. Further, booming media and entertainment sector has delivered several sci-fi movies. With growing accessibility and availability of required hardware and software solutions, the production of these movies is increasing. Due to a continuous gain in the popularity of such movies, the need for effective and easy-to-use camera tracking software and systems is increasing, thereby driving the MEA market.
Key Market Segments
In terms of component, the software segment accounted for the largest share of the MEA camera tracking software market in 2020. In terms of tracking type, the still tracking segment held a larger market share of the MEA camera tracking software market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the MEA camera tracking software market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Adobe; Andersson Technologies LLC; Autodesk, Inc.; Blackmagic Design Pty. Ltd.; and Vicon Motion Systems Ltd.
Reasons to buy report
- To understand the MEA camera tracking software market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA camera tracking software market
- Efficiently plan M&A and partnership deals in MEA camera tracking software market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA camera tracking software market
- Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.
MEA Camera Tracking Software Market Segmentation
MEA Camera Tracking Software Market - By Component
- Software
- Services
MEA Camera Tracking Software Market - By Tracking Type
- Still Tracking
- Sequence Tracking
MEA Camera Tracking Software Market - By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
MEA Camera Tracking Software Market - Company Profiles
- Adobe
- Andersson Technologies LLC
- Autodesk, Inc.
- Blackmagic Design Pty. Ltd.
- Vicon Motion Systems Ltd
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Camera Tracking Software Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. MEA Camera Tracking Software Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Surging Demand for High-Quality 3D Camera Tracking Software
5.1.2 Escalating Popularity of Science-Fiction Movies Among Youth
5.2 Market Restraints
5.2.1 Alternatives Such as Open-Source Software
5.3 Market Opportunities
5.3.1 Mounting VFX Industry
5.4 Future Trends
5.4.1 Burgeoning Use of Artificial Intelligence Technology
5.5 Impact Analysis of Drivers and Restraints
6. Camera Tracking Software Market – MEA Analysis
6.1 MEA Camera Tracking Software Market Overview
6.2 MEA Camera Tracking Software Market Forecast and Analysis
7. MEA Camera Tracking Software Market Analysis – By Component
7.1 Overview
7.2 MEA Camera Tracking Software Market Breakdown, By Component (2020 and 2028)
7.3 Software
7.3.1 Overview
7.3.2 Software Market Revenue and Forecasts to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services Market Revenue and Forecasts to 2028 (US$ Million)
8. MEA Camera Tracking Software Market Analysis– By Tracking Type
8.1 Overview
8.2 MEA Camera Tracking Software Market Breakdown, By Tracking Type (2020 and 2028)
8.3 Still Tracking
8.3.1 Overview
8.3.2 Still Tracking Market Revenue and Forecasts to 2028 (US$ Million)
8.4 Sequence Tracking
8.4.1 Overview
8.4.2 Sequence Tracking Market Revenue and Forecasts to 2028 (US$ Million)
9. MEA Camera Tracking Software Market – Country Analysis
9.1 Overview
9.1.1 MEA: Camera Tracking Software Market, by Key Country
9.1.1.1 South Africa: Camera Tracking Software Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Camera Tracking Software Market, By Component
9.1.1.1.2 South Africa: Camera Tracking Software Market, by Tracking Type
9.1.1.2 Saudi Arabia: Camera Tracking Software Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Camera Tracking Software Market, By Component
9.1.1.2.2 Saudi Arabia: Camera Tracking Software Market, by Tracking Type
9.1.1.3 Camera Tracking Software Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Camera Tracking Software Market, By Component
9.1.1.3.2 UAE: Camera Tracking Software Market, by Tracking Type
9.1.1.4 Rest of MEA: Camera Tracking Software Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Camera Tracking Software Market, By Component
9.1.1.4.2 Rest of MEA: Camera Tracking Software Market, by Tracking Type
10. Impact of COVID-19 Pandemic on MEA Camera Tracking Software Market
10.1.1 Impact of COVID-19 Pandemic on Camera Tracking Software Market in MEA Countries
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Andersson Technologies LLC
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Adobe
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Autodesk, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Blackmagic Design Pty. Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Vicon Motion Systems Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. MEA Camera Tracking Software Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. MEA Camera Tracking Software Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Camera Tracking Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Camera Tracking Software Market, by Tracking Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia: Camera Tracking Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia: Camera Tracking Software Market, by Tracking Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE: Camera Tracking Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 8. UAE: Camera Tracking Software Market, by Tracking Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of MEA: Camera Tracking Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of MEA: Camera Tracking Software Market, by Tracking Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Camera Tracking Software Market Segmentation
Figure 2. MEA Camera Tracking Software Market Segmentation – By Country
Figure 3. MEA Camera Tracking Software Market Overview
Figure 4. Software Segment held the Largest Share of MEA Camera Tracking Software Market
Figure 5. Still Tracking Segment held the Largest Share of MEA Camera Tracking Software Market
Figure 6. UAE to Show Great Traction During Forecast Period
Figure 7. MEA: PEST Analysis
Figure 8. MEA Camera Tracking Software Market, Ecosystem
Figure 9. MEA Camera Tracking Software Impact Analysis of Drivers and Restraints
Figure 10. MEA Camera Tracking Software Market Forecast and Analysis (US$ Million)
Figure 11. MEA Camera Tracking Software Market Breakdown, By Component (2020 and 2028)
Figure 12. MEA Software Market Revenue and Forecasts to 2028 (US$ Million)
Figure 13. MEA Services Market Revenue and Forecasts to 2028 (US$ Million)
Figure 14. MEA Camera Tracking Software Market Breakdown, By Tracking Type (2020 and 2028)
Figure 15. MEA Still Tracking Market Revenue and Forecasts to 2028 (US$ Million)
Figure 16. MEA Sequence Tracking Market Revenue and Forecasts to 2028 (US$ Million)
Figure 17. MEA: Camera Tracking Software Market, by Key Country – Revenue (2020) (USD Million)
Figure 18. MEA: Camera Tracking Software Market Revenue Share, by Key Country (2020 and 2028)
Figure 19. South Africa: Camera Tracking Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Saudi Arabia: Camera Tracking Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. UAE: Camera Tracking Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Rest of MEA: Camera Tracking Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Impact of COVID-19 Pandemic on Camera Tracking Software Market in MEA Countries
- Adobe
- Andersson Technologies LLC
- Autodesk, Inc.
- Blackmagic Design Pty. Ltd.
- Vicon Motion Systems Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA camera tracking software market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the MEA camera tracking software market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the camera tracking software market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution