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Middle East & Africa Camera Tracking Software Market Forecast to 2028 - COVID-19 Impact & Regional Analysis By Component & Tracking Type

Middle East & Africa Camera Tracking Software Market Forecast to 2028 - COVID-19 Impact & Regional Analysis By Component & Tracking Type

  • July 2021
  • 82 pages
  • ID: 6134678
  • Format: PDF
  • The Insight Partners

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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. Mounting VFX industry is expected to propel the MEA market growth in coming years. Since the last 2–3 years, the animation and video effects (VFX) industry has witnessed steady growth in developing countries in the MEA. Broadcasters are partnering with animation studios for original content. Moreover, these industries have grown further with the introduction of YouTube channels, and the launch of over the top (OTT) platforms such as Amazon Prime and Netflix, which are signing exclusive content licensing deals with various animation and VFX studios. Further, the VFX got an additional boost with the developments in broadband and e-commerce, and surge in licensing and merchandising opportunities related to animation characters. In the MEA, 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 region. In fact, to effectively fulfill VFX demands, many production houses have set up technical teams dedicated to enhancing the VFX in their movies. Thus, the shift in audience preferences are boosting the VFX industry in the MEA, thereby propelling the camera tracking software market growth in the region.
Iran has reported the highest number of COVID-19 cases in the MEA.Moreover, Turkey, Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are among the other MEA countries that are facing disruptive effects 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.
Based on tracking type, the sequence tracking segment is expected to be fastest growing during forecast period for MEA region.Films are made from a sequence of shots.

Thus, a single shot is a sentence in a story and a sequence is like a paragraph.A sequence usually comprises several frames.

Camera tracking software is used for sequence tracking and shot/footage stabilizing.It is done by placing the 3D/2D model in the sequence frame and requisite placing effect.

Thus, the camera tracking software helps in creating digital scenes within various sequence frames in a video/content. Sequence tracking adds digital effects to scenes, removes noises, and provides immediate and real-time results, among others, which is expected to increase the demand of sequence tracking software in the MEA during forecast period.
The MEA camera tracking software market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the MEA camera tracking software market.

The process also serves the purpose of obtaining overview and forecast for the MEA camera tracking software market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the MEA camera tracking software market. Adobe; Andersson Technologies LLC; Autodesk, Inc.; Blackmagic Design Pty. Ltd.; and Vicon Motion Systems Ltd are among a few players operating in the MEA camera tracking software market.

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