Europe Camera Tracking Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component and Tracking Type

Europe Camera Tracking Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component and Tracking Type

  • July 2021 •
  • 108 pages •
  • Report ID: 6134623 •
  • Format: PDF
The Europe camera tracking software market is expected to grow from US$ 69.74 million in 2021 to US$ 155.25 million by 2028; it is estimated to grow at a CAGR of 12.1% from 2021 to 2028. The increasing demand for high-quality 3D camera tracking software is propelling the market in Europe. Camera tracking software is used extensively for creating high-definition 3D animation. A camera tracking process involves taking a video content recorded using a real live camera and tracking its motion to add 3D elements to it. This process has become common in the filmmaking business, and it is used to add 3D animation, special effects, backdrops, robotic actions, etc. in movies, commercials, and TV shows, among others. Camera tracking software are being extensively used to create real-life animation. They are being used for creating images, stabilizing shaky conventional or 360-degree VR shots, and producing 360° virtual reality or 3D stereoscopic films; creating architectural previews; reconstructing accident or crash scenarios; and so on. 2016 onward, 3D animation started receiving significant attention from industries such as medicine and gaming, in addition to the entertainment industry. Several software providers across Europe region are offering best-in-class camera tracking software to different end users. Andersson Technologies LLC is a boutique software development company that offers a 3D camera tracking software solution named SynthEyes. The software is compatible with all operating systems, including Mac, Windows, and Linus. A few of the famous films produced using this software includes Greyhound, Life of Pie, Spiderman Homecoming, and Captain America: Civil War.
Europe has been witnessing 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 businesses and manufacturing operations for a few months.However, numerous European countries have started experiencing swift recovery from the Q4 of 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). As of now, almost all the European countries have acted promptly to limit the spread of the virus; the gradual progress in economies since late 2020 is supporting the recovery of several industries, including the media and entertainment industries.
The still tracking segment led the Europe camera tracking software market based on tracking type in 2020.A still frame is a single static image taken from a film or video, which are kinetic (moving) images.

Still frames are also called freeze frames, poster frames, screenshots, or key frames.For still frames, still tracking is used where the still frame is defined in a camera tracker.

During still tracking, one needs to set the source option “still” on a camera tracker tab of camera tracker properties.This is followed by clicking the range dropdown in the software to determine which frame needs to be analyzed from the standard options—input frames, global frames, custom frames, and reference frames.

Still tracking software are time-saving, less expensive, and easy to use, which is driving their adoption in the European market.
The Europe 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 Europe camera tracking software market.

The process also serves the purpose of obtaining overview and forecast for the Europe 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 Europe camera tracking software market. 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 a few players operating in the Europe camera tracking software market.
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