Volumetric Video Market is expected to witness high demand on Productivity of Market till 2032
Research Reports
Nov 13, 2023
Volumetric Video Market Insights:
The Volumetric Video Market Information By Content Delivery, End-User, Volumetric Capture And Region – Forecast till 2032″ research by Market Research Future (MRFR) states that the market will reach USD 19.92 Billion by 2032 at a 29.10% CAGR.
Volumetric video is a method used to record a scene in three dimensions, like a performance or place. Environments, objects, and living things can be volumetrically captured and transported to mobile devices, the web, or virtual worlds to be naturally observed in three dimensions. A person or item can be observed from any angle using volumetric video, which captures them in all their true dimensions. A volumetric video allows viewers to roam about and focus on any area of the image. They may act as the video’s boss in a way. The increasing number of platforms supporting volumetric video has led to more content producers experimenting with it. A unique way to record live events, stories, and performances more successfully is through volumetric video.
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Key Players:
- 4Dviews
- 8i
- Alphabet
- Cannon
- Capturing Reality
- Coretec Group
- Dimension
- Evercoast
- Intel Corporation
- IO Industries
- Mark Roberts Motion Control
- Meta Platforms
- Metastage
- Microsoft Corporation
- Mod Tech Labs
- Scatter
- Sony Corporation
- Stereolabs
- Unity Technologies
- Verizon Communications
- Vividq,
are the notable vendors in the Volumetric Video market.
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Volumetric Video Market Regional Analysis:
In North America, the Volumetric Video market is the largest. North America is the biggest market worldwide for volumetric video because of its high rate of embracing cutting-edge technologies, large investment in R&D, significant presence of significant business players, and growing appetite for immersive experiences in playing games, sports, events, and entertainment.
Volumetric Video Market Segmentation:
Based on content delivery, the volumetric video market is segmented into categories: bags, pouches, boxes, bottles, vessels, trays, plates and bowls, and others. According to the End-User Industry, the Sports, Events and entertainment, Medical, Educational and training, Signage & advertisements, and others segments of the Volumetric Video Market are included. Hardware, software, and services are included in the volumetric video market segmentation based on volumetric capture.
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Consumers searching for new and interesting content experiences have also adopted this trend. Building more volumetric television studios and facilities is fueled by the growing content creation and reception trend within the volumetric video industry. This equipment enhances the user’s sense of existence. The introduction of advanced visual technology is anticipated to lead to a rise in demand for volumetric video. There are several uses for this display in the entertainment and medical sectors. Thus, this innovation may have a favorable effect on the growth of the volumetric video industry. Due to the increasing number of studios built for healthcare, gaming, filmmaking, athletics, and advertising over the projection period, hardware is anticipated to increase at the quickest rate in the volumetric capture category.
The need for 3D and 360-degree material in the entertainment industry is projected to drive growth in the volumetric video market throughout the coming years. The use of holograms in healthcare imaging to allow surgeons to examine an organ in the body 360 degrees has increased the necessity for volumetric information in medical applications. Additionally, it can be utilized for training at medical facilities and aids in the better and clearer visualization of bodily parts by clinicians. These elements support the worldwide volumetric video market’s expansion. The main drivers of the volumetric video market include factors like the surge in demand for this technology in developing medical holograms and its use in AR/VR applications.
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