Inspection and Measurement Segment to Dominate MEA 3D Mapping and Modelling Market during 2020–2028
According to The Insight Partners market research study on “MEA 3D Mapping and Modelling Market to 2028– COVID-19 Impact and Regional Analysis and Forecast by Deployment Type, Organization size, Component, 3D Mapping Application,3D Modelling Application and Vertical,” is expected to reach US$ 414.13 million by 2028 from US$ 183.58 million in 2020. The market is estimated to grow at a CAGR of 10.8% from 2021 to 2028 The report provides trends prevailing in the MEA 3D mapping and modelling market along with the drivers and restraints pertaining to the market growth. Boom in Adoption of Cloud Solutions for High Scalability and Flexibility are the major factor driving the growth of the MEA 3D mapping and modelling market. However, issues associated Inadequacy of Skilled Workforce and Supporting Infrastructure in Developing Regions hinder the growth of the MEA 3D mapping and modelling market.
Among the MEA countries, Iran and South Africa have faced the highest number of COVID-19 cases. Iraq, Israel, Morocco, Saudi Arabia, and the UAE are among the other countries facing the economic impact due to COVID-19 outbreak. The region comprises various growing economies, such as the UAE and Saudi Arabia, which are considered the prospective markets for market players. Owing to the various containment measures, such as travel restrictions, factory shutdown, and lockdowns, taken by the government, has hampered the manufacturing sector in this region. Further, containment measures have also impacted the on-going construction, energy and power, infrastructure, and logistics projects. Thus, slow down in various industrial and commercial activities has impacted the growth of the 3D mapping and modelling market.
The MEA 3D mapping modelling market is segmented by following segments: Component, 3D Mapping Application, 3D Modelling Application, Deployment Type, Organization Size, Vertical, and country. By component, the market is divided into software tools and services, wherein software tools are further bifurcated into 3D mapping & 3D modelling and services are further bifurcated into professional & managed services. In 2020, software tools held a significant share of the overall market. 3D mapping market is segmented into following applications, namely, inspection and measurement, object reconstruction, projection and navigation, reporting and virtualization, and others. Similarly, 3D modelling market is segmented into following key applications, i.e. product marketing, animation and movies, gaming and designing, architectural rendering, and others. Based on deployment type, the market is divided into cloud and on-premises. Cloud based solutions are anticipated to be the fastest growing over the forecast period of 2021 to 2028. On the basis of organization size, the market is segmented into SMEs and large enterprises. Large enterprises segment contributed the largest market share in the year 2020 and it is anticipated to continue its dominance over the forecast period. Based on industry vertical, the market is segmented into retail and consumer goods, engineering and construction, healthcare and life sciences, transportation and logistics, government and defence, energy and utilities, media and entertainment, manufacturing, and others. Engineering and construction industry was the largest revenue contributor in 2020.
Bentley Systems Incorporated, Alphabet Inc., Esri, Autodesk, Inc., Intermap Technologies, Trimble Inc SaaB AB, Dassault Systèmes SE, Adobe, Mitsubishi Electric Corporation, Topcon Corporation, Apple Inc are among the leading companies in the MEA 3D mapping and modelling 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, Pix4Dcloud, a standalone product with a more powerful platform Pix4Dcloud Advanced
The report segments the MEA 3D Mapping and Modelling Market as follows:
MEA 3D Mapping and Modelling Market – By Deployment Type
- Cloud
- On-premises
MEA 3D Mapping and Modelling Market – By Organization Size
- SMEs
- Large Enterprises
MEA 3D Mapping and Modelling Market – By Component
- Software Tools
- Services
MEA 3D Mapping and Modelling Market – By 3D Mapping Application
- Inspection and Measurement
- Object Reconstruction
- Projection and Navigation
- Reporting and Virtualization
- Others 3D Mapping Applications
MEA 3D Mapping and Modelling Market – By 3D Modelling Application
- Product Marketing
- Animation and Movies
- Gaming and Designing
- Architectural Rendering
- Other 3D Modelling Applications
MEA 3D Mapping and Modelling Market – By Vertical
- Retail and Consumer Goods
- Engineering and Construction
- Healthcare and Life Sciences
- Transportation and Logistics
- Government and Defence
- Energy and Utilities
- Media and Entertainment
- Manufacturing
- Other Verticals
MEA 3D Mapping and Modelling Market – By Country
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
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