North America Camera Tracking Software Market
No. of Pages: 97 | Report Code: TIPRE00023559 | Category: Technology, Media and Telecommunications
No. of Pages: 97 | Report Code: TIPRE00023559 | Category: Technology, Media and Telecommunications
The US, Canada, and Mexico are economies in North America. This region contributes a significant share to the camera tracking software market owing to high investments by organizations operating in media and entertainment industry, coupled with growing popularity of science fiction (sci-fi) cinema. Further, the growing popularity of YouTube channels and short video-making for earnings is propelling the demand for the software solutions. A camera tracking software is used to bring more effectiveness and reality in films or videos. Since the software is largely available in a software-as-a-service (SaaS) model, minimal investment in hardware is required. Further, the software can be used and accessed from anywhere around, making it more popular in the region. This software use state-of-the-art technologies and are offered with various features and capabilities that help create best in class, aesthetic films/videos. In North America, the US has the biggest media and entertainment industry. On an average, the country releases/produces 700 films each year. A large number of these films use tracking solutions to offer enhanced experience to viewers. A few of the blockbuster movies that used this software include Avatar, Spiderman, Guardians of the galaxy, and Captain America, among others. Rising demand for high-quality 3D camera tracking software and growing popularity of science-fiction movies among youth are the major factor driving the growth of the North America camera tracking software market.
In case of COVID-19, North America is highly affected specially the US, 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 scenarios, 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 film-making 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, the production of film/TV shows resumed gradually in 2021. Owing to this, the media and entertainment sector, as well as the camera tracking software market, in North America is likely to recover in the coming months.
Strategic insights for the North America Camera Tracking Software provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 115.68 Million |
| Market Size by 2028 | US$ 271.38 Million |
| Global CAGR (2021 - 2028) | 13.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Camera Tracking Software refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The North America camera tracking software market is expected to grow from US$ 115.68 million in 2021 to US$ 271.38 million by 2028; it is estimated to grow at a CAGR of 13.0% from 2021 to 2028. Surging VFX industry will drive the market in coming years. Since the last 2–3 years, the animation and video effects (VFX) industry has witnessed steady growth in North American countries such as Mexico. Broadcasters are partnering with animation studios for original content. Moreover, these industries have growth further with the introduction of YouTube channels, and the launch of 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 North America, the VFX industry is growing significantly with transformation in content consumption pattern; there is a growing demand for cinema with extravagant VFX effects in 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. Such initiatives in North American countries would are boosting the VFX industry, which is likely to propel the North America camera tracking software market growth in the coming years.
In terms of component, the software segment accounted for the largest share of the North America camera tracking software market in 2020. In terms of tracking type, the still tracking segment held a larger market share of the North America camera tracking software market in 2020.
A few major primary and secondary sources referred to for preparing this report on the North America 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.; BORIS FX, INC; Maxon Computer GmbH; MO-SYS ENGINEERING LTD; Ncam; The Foundry Visionmongers Limited; and Vicon Motion Systems Ltd.
The North America Camera Tracking Software Market is valued at US$ 115.68 Million in 2021, it is projected to reach US$ 271.38 Million by 2028.
As per our report North America Camera Tracking Software Market, the market size is valued at US$ 115.68 Million in 2021, projecting it to reach US$ 271.38 Million by 2028. This translates to a CAGR of approximately 13.0% during the forecast period.
The North America Camera Tracking Software Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Camera Tracking Software Market report:
The North America Camera Tracking Software Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Camera Tracking Software Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Camera Tracking Software Market value chain can benefit from the information contained in a comprehensive market report.
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