Camera Tracking Software Market New Innovations, SWOT Analysis, Future Growth and Forecast By 2028
According to our latest market study on "Camera Tracking Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by component and tracking type," the market was valued at US$ 286.8 million in 2020 and is projected to reach US$ 734.1 million by 2028; it is expected to grow at a CAGR of 12.9% from 2021 to 2028.Growing VFX Industry in Developing Countries to Provide Growth Opportunities for Camera Tracking Software Market Players during 2021-2028
Since the last 2-3 years, the animation and video effects (VFX) industry has witnessed steady growth in developing countries, including India, and these industries have grown further with the introduction of YouTube channels. Broadcasters are partnering with animation studios such as Nick and Sonic for original content. Moreover over the top (OTT) platforms such as Amazon Prime and Netflix are signing exclusive content licensing deals with various animation and VFX studios. Further, VFX got an additional boost with the developments in broadband and e-commerce, and licensing and merchandising opportunities related to animation characters.
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In India, the VFX industry is growing significantly with transformation in content consumption pattern; there is a growing demand for cinema with extravagant VFX effects among the audiences in the country. To meet these demands effectively, many production houses such as the Red Chilies Entertainment, Yash Raj Films, and UTV Motion Pictures have set up technical teams dedicated to enhancing the VFX in their movies. As a result of the efforts of these teams, Indian audiences have enjoyed films such as Krrish, Philauri, Bhag Milkha Bhag, and Tumbad in the past. Further, state governments of the country have also been promoting the VFX industry by allocating resources. For instance, Maharashtra (a state in India) government has allocated land for setting up National Centre of Excellence for Animation, VFX, Gaming and Comics. Similarly, Karnataka has designed a policy to include digital art education in curricula of certain fine arts schools. Such initiatives in various developing countries are boosting the VFX industry, which is likely to propel the camera tracking market growth in the coming years.
Companies Mentioned:
• Andersson Technologies LLC
• The Foundry Visionmongers Limited
• Ncam
• Adobe
• Science-D-Visions
• BORIS FX, INC
• Maxon Computer GmbH
• Autodesk, Inc.
• Blackmagic Design Pty. Ltd.
• Vicon Motion Systems Ltd
The document will help readers gain vital information regarding the market such as leading players, their company profiles, portfolios, financial information, and latest developments. The report also enables companies in making strategic decisions such as partnerships, product launches, collaborations, etc. to gain a competitive edge.
The Camera Tracking Software market has been segmented as follows:
By Component
• Software
• Services
By Tracking Type
• Still Tracking
• Sequence Tracking
Rising Adoption of Camera Tracking Software Boosts Market Growth:
Leading countries such as the US, Canada, the UK Australia are focusing on making sustainable investments. The US, Canada, and Mexico are among the major economies in North America. This region contributes a significant share to the global camera tracking software market owing to high investments by production houses and other stakeholders operating in media and entertainment sector, coupled with growing popularity of science fiction (sci-fi) cinema. Further, the mounting popularity of YouTube channels and short video-making for earnings is propelling the demand for the software solutions. A camera tracking software are used to bring more effectiveness and reality in these films or videos.
Key Elements that the report acknowledges:
• Growth rate and market size over the analysis timeframe.
• Key factors stimulating and hindering market expansion.
• Leading vendors and suppliers of the market.
• Exhaustive SWOT analysis of each company.
• Detailed PEST analysis by region.
• Opportunities and threats faced by the existing vendors in Camera Tracking Software market.
• Strategic initiatives undertaken by leading players.
Additionally, the report includes an exhaustive analysis of the market and concludes with precise estimates of the revenue generation by each segment, country, region and company. Every detail that might prove to be essential for making strategic decisions is mentioned along with solutions and suggestions from expert analysts. Each segment of the market is studied extensively to provide reliable knowledge for supplementary market investments.
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Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.
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