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Volumetric Video Market Trends

Report ID: GMI11361
Published Date: Sep 2024
Report Format: PDF

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Volumetric Video Market Trends

The volumetric video industry is experiencing rapid growth driven by advancements in capture technology and increasing demand for immersive digital experiences. Innovations in high-resolution cameras, real-time 3D rendering, and processing software are making volumetric video more accessible and cost-effective. As virtual reality (VR), augmented reality (AR), and mixed reality (MR) gain traction, content creators are leveraging volumetric video to provide lifelike, interactive experiences. Companies are investing heavily in technological innovations in volumetric video market. For instance, in January 2023, Accenture made a strategic investment in Forma Vision, a company specializing in live-streamed volumetric video technology that creates 3D holographic images.

Continuous advancements in 3D capture technologies, such as higher resolution cameras and more sophisticated depth sensors, are enabling the creation of more detailed and accurate volumetric videos. Improved processing power, including the use of AI and machine learning, is also enhancing the efficiency and quality of volumetric video production.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size for volumetric video was valued at USD 2.6 billion in 2023 and is anticipated to register over 29% CAGR during 2024-2032 owing to technological advancements.

The hardware segment in the volumetric video market held over 40% share in 2023 due to high-resolution cameras and sophisticated sensor arrays.

North America market held over 43% share in 2023 backed by advanced technological infrastructure and substantial investment in AR/VR technologies.

Microsoft Corporation, Intel Corporation, Google LLC, Meta Platforms, 8i Co., Sony Corporation, and Unity Technologies.