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360 Degree Camera Market Size
- Report ID: GMI10401
- Published Date: Jul 2024
- Report Format: PDF
360 Degree Camera Market Size
360 Degree Camera Market was valued at USD 1.41 billion in 2023 and is anticipated to register a CAGR of 24.5% between 2024 and 2032. There has been an increased demand for 360-degree camera in sectors such as entertainment & media, tourism & travel, real estate and security surveillance.
In the entertainment and media industry, 360-degree cameras play a crucial role in enhancing viewer experiences. They are utilized to create immersive environments for movies, sports broadcasts, and live events. By capturing a panoramic view of the surroundings this camera provides an enhancing viewing experience for audiences.
The real estate sector has benefited from 360-degree camera. This helps to create virtual property tour which gives consumers an actual view of the property spaces. Another sector benefiting from 360-degree camera is the commercial sector including airports, stations, malls, hypermarkets, and departmental stores for security and surveillance purposes.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| 360 Degree Camera Market Size in 2023: | USD 1.41 Billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 24.5% |
| 2024 – 2032 Value Projection: | USD 9.57 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 135 |
| Tables, Charts & Figures: | 49 |
| Segments covered: | Connectivity, resolution, usage, price, Lense, power source, end use, distribution channel |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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As these cameras cover a larger area this helps in monitoring the passenger and customers’ movement. The ability to capture and record the 360 views of these sectors,360-degree cameras offer an enhanced view in monitoring and in ensuring safety across diverse public and commercial spaces.
The 360 degree camera market faces a challenge due to the high bandwidth & storage requirements. 360-degree camera captures panoramic views significantly generating larger video files as compared to normal traditional cameras. There is an increased demand for storage devices to have access to captured files from 360-degree camera. Additionally sharing these files via network requires higher bandwidth to have a smooth playback video. Balancing this demand requires extra storage and high network capabilities to manage the video files. Manufacturers are developing new technologies and solutions to address these issues. They are aiming to provide storage efficiency and manage the data effectively without compromising on the quality of the files.
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360 Degree Camera Market Scope
