Still Tracking Segment to Dominate Europe Camera Tracking Software Market During 2021–2028

According to a new market research study on “Europe Camera Tracking Software Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component and Tracking Type” is expected to reach US$ 155.25 million by 2028 from US$ 69.74 million in 2021. The market is estimated to grow at a CAGR of 12.1% from 2021 to 2028. The report provides trends prevailing in the Europe camera tracking software market along with the drivers and restraints pertaining to the market growth. Rising popularity of science-fiction movies among youth and increasing demand for high-quality 3D camera tracking software are the major factor driving the growth of the Europe camera tracking software market. However, accessibility of open-source software hinders the growth of Europe camera tracking software market.

In case of COVID-19, Europe is highly affected specially the UK. Europe has been witnessing a varying impact of the COVID-19 pandemic across its economically diverse countries. For instance, countries such as Germany, the UK, the Netherlands, and France imposed stringent restrictions and closed their borders to curb the virus spread. Additionally, with the surge in cases, countries such as Italy, Russia, and Spain shut down business and manufacturing operations for a few months. However, numerous European countries have started experiencing swift recovery from Q4 2020. The onset of pandemic led to near-total cancellation or postponing of shootings, premieres, spring festivals, and entertainment events, causing huge loss to the European media and entertainment sector. The film industry in EU countries broadly comprises small companies employing creative and technical freelancers, which makes it particularly vulnerable to the pandemic. The domino effect of the lockdown has triggered the immediate discontinuation of hundreds of projects that were in the shooting phase and disruption of cash flows; it also pushed production companies to the brink of bankruptcy. To mitigate the economic damage caused by the outbreak, governments as well as national film and audiovisual funds across the EU quickly set up both general solidarity funds and short-term unemployment schemes and/or specific industry-related funds and grants (helping arthouse cinema and providing financial relief to producers and distributors). Further, as of now, almost all the European countries have acted promptly to limit the spread of the virus, and therefore, the economy has steadily opened, thereby supporting the recovery of industries, including the media and entertainment industry.

The Europe camera tracking software market is segmented on the basis of component, tracking type, and country. Based on component, the Europe camera tracking software market is segmented into software and services. The software segment dominated the Europe camera tracking software market in 2020 and services segment is expected to be fastest growing during forecast period. Based on tracking type, the Europe camera tracking software market is categorized as still tracking and sequence tracking. The sill tracking segment dominated the Europe 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; Science-D-Visions; Stype Norway AS; The Foundry Visionmongers Limited; and Vicon Motion Systems Ltd are among the leading companies in the Europe 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, Boris FX Silhouette joined Netflix Post Technology Alliance. 

The Report Segments the Europe Camera Tracking Software Market as Follows:

Europe Camera Tracking Software Market – By Component

• Software
• Services

Europe Camera Tracking Software Market – By Tracking Type

• Still Tracking
• Sequence Tracking

Europe Camera Tracking Software Market – By Country

• Germany
• France  
• Italy
• UK
• Russia 
• Rest of Europe