Volumetric Video Market Comprehensive Analysis by 2027 - Google, Facebook, Intel, Raytrix

The 360 degree video is an immersive and engaging type of video content technology, this technology permits the viewers to move the display according to which the viewer can view the video from any desired angle. Moreover, the support of high bandwidth has enabled the use of new 3D media including 360 degree VR video applications and 3D immersion. These factors are likely to drive the volumetric video market. Based on geography, the volumetric video market was dominated by North America. North America region attracts several technological developments, which consist of economically robust countries. The region has a leverage of continuous technological developments. Growth in technologies assist in stimulating the business of other industries. The top companies operating in the field of volumetric video market include Google, Facebook, Intel, and Raytrix among others. Various other companies operating in the market and are coming up with advance solutions, which is helping the market for volumetric video to expand over the years in terms of revenue.

According to the new research report published by The Insight Partners, titled "Volumetric Video Market - Global Analysis and Forecast to 2027", the global Volumetric Video market is expected to reach US$ 8,471.0 Mn by 2027, registering a CAGR of 25.2% during the forecast period 2020-2027.

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The report segments the global Volumetric Video market as follows:

Global Volumetric Video Market - By Volumetric Capture
o Hardware
o Software
o Services

Global Volumetric Video Market - By Application
o Sports Events and Entertainment
o Medical
o Signage and Advertisement
o Education and Training
o Others)
o Others

Global Volumetric Video Market - By Geography
o North America
o U.S.
o Canada
o Mexico
o Europe
o France
o Germany
o Italy
o UK
o Russia
o Rest of Europe
o Asia Pacific (APAC)
o China
o India
o South Korea
o Japan
o Australia
o Rest of Asia Pacific
o Middle East and Africa
o Saudi Arabia
o UAE
o South Africa
o Rest of Middle East and Africa
o South America
o Brazil
o Argentina
o Rest of South America

The volumetric video is a technique, where videos are capture objects, person, or locations, in 2D or 3D using 360 view. The rising applications of volumetric videos in diverse end-user industries is the offering lucrative opportunities to the market growth. Moreover, the growing attractiveness of sports events and rising demand for improved match viewing experience are the crucial factors bolstering players to innovate and develop products in line with viewers' preferences. Players including Google, Facebook, Intel, and Raytrix have launched several cameras based on 6DOF volumetric capture as well as depth-sensing technology. The hardware options are enormous and shifting rapidly; economical options including Intel RealSense Depth Camera, Structure Sensor from Occipital, as well as Microsoft Kinect, have competences once limited to very expensive and extremely high-end scanners. For instance, in November 2019, Voxon Photonics (Australia) launched the VX1 hologram table, which creates interactive 3D images that appear to be floating in the air, above a table in front of a group of people who can view these 3D images without any visual aids.

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