Camera Tracking Software Market Size, Geographical Segmentation, Business Challenges, and Investment Opportunities Analysis till 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.

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The report segments the global Market as follows:

By Component (Software and Services)
By Tracking Type (Still Tracking, Sequence Tracking)

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. 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.

The Key Players in The Global Market Are:

Noitom
Northern Digital
OptiTrack
Vicon Motion System
Xsens Technologies
Motion Analysis
Motus Digital
Phasespace
Qualiysis
Simi Reality Motion Systems

The camera tracking software market is segmented on the bases of component, tracking type, and geography. Based on component, the market is segmented into software and services. In 2020, software segment accounted for a larger market share. In terms of tracking type, the market is bifurcated into still tracking and sequence tracking. In 2020, still tracking segment accounted for a larger share in the market. In terms of geography, the global camera tracking software market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). In 2020, North America accounted for a significant share in the camera tracking software market.

Impact of COVID-19 Pandemic on Camera Tracking Software Market

The US has reported the highest number of COVID-19 cases in North America, 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 scenario, 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 filmmaking, 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 conditions and organization of mass vaccination drives in late 2020, the production and shooting of film/TV shows resumed gradually in 2021.As a result, the media and entertainment sector, as well as the camera tracking market, in North America is likely to recover in the coming months.

This Study Report Offers Following Objectives:

Conjecture and examination of the worldwide Camera Tracking Software Market deals, share, worth, status and figure
Break down the local just as nation level portions, share development for Global Keyword
Investigation of Global Keyword industry-driving makers/players.
Characterize and investigate the market rivalry scene, SWOT examination.
Estimates and investigation of the portions, sub-sections and the provincial business sectors dependent on last of 5 years market history.
Examination of the Camera Tracking Software Market by Type, by Application/end clients and district insightful.
Estimate and investigation of the Global Camera Tracking Software Market Trends, Drivers, Investment Opportunities, Openings, Risk, Difficulties, and suggestions.
Investigate the critical driving elements, patterns which confine market development.
Portray the partner's chances in the market by recognizing the high development fragments.

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E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

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This release was published on openPR.