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Volumetric Video Market 2023 - Emerging Trends, Growth Potential, Revenue Analysis And Business Outlook till 2032
Volumetric Video Market
The Business Research Company's Volumetric Video Global Market Report 2023 identifies upsurge in the usage of augmented reality as the major driver for the Volumetric Video market's growth in the forecast period. Volumetric video capture technology is an approach that digitizes a three-dimensional space, such as an object, volume of space, or environment in real-time using a collection of cameras set around a target. Augmented reality is successful in delivering cultural heritage applications, including exhibition data management, architectural and environmental heritage reconstruction, representation, exhibition curation, and storytelling.
The global volumetric video market size will grow from $1.79 billion in 2022 to $2.31 billion in 2023 at a compound annual growth rate (CAGR) of 28.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global volumetric video market is expected to grow to $6.45 billion in 2027 at a CAGR of 29.3%.
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Major competitors in the Volumetric Video market are Microsoft Corporation, Intel Corporation, 8I Ltd., Google, Stereolabs, Scatter, Facebook, 4D View Solutions SAS, OTOY Inc., Dimension.
A key trend in the Volumetric Video market includes technological advancement. New technologies enable transparency of delivery and networked logistics paths. For instance, in 2020, Ant Media, a US-based company that provides solutions that specialize in live video streaming, launched Spaceport. The Spaceport product creates an end-to-end solution to capture dynamic scenes and offers a three-dimensional viewing experience. In addition, the Spaceport product supports video playback on VR goggles, web browsers, and mobile devices. To estimate the exact transformation matrix, Spaceport uses advanced Robot Operating System (ROS) algorithms, the Point Cloud Library (PCL), and calibration objects, which create a high-quality point cloud for each frame.
Read More On The Global Volumetric Video Market Report Here:
https://www.thebusinessresearchcompany.com/report/volumetric-video-global-market-report
The Volumetric Video market is segmented -
• By Component: Hardware, Software, Services
• By Content Delivery: Projectors, AR/VR Head-Mounted Display (HMD), Smartphones, Volumetric Displays
• By Application: Sports And Entertainment, Medical, Signage And Advertisement, Education And Training
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Volumetric Video market.
The Business Research Company's "Global Volumetric Video Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Volumetric Video Market Include:
1. Executive Summary
2. Volumetric Video Market Characteristics
3. Volumetric Video Market Trends And Strategies
4. Volumetric Video Market - Macro Economic Scenario
5. Volumetric Video Market Size And Growth
…………………………………….
26. Africa Volumetric Video Market
27. Volumetric Video Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Volumetric Video Market
29. Volumetric Video Market Future Outlook and Potential Analysis
30. Appendix
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