Press release
Key Trends Shaping the Future Volumetric Video Market From 2025-2034: Technological Advancements Redefining The Volumetric Video Market
Volumetric Video
The volumetric video market is poised to grow substantially due to a surge in the utilization of augmented reality. 3D space, an object, or an environment can be digitized in real time using volumetric video capture technology, which uses multiple cameras arranged around a target. Augmented reality has proven successful in the creation of cultural heritage applications such as data management for exhibitions, reconstruction of architectural and environmental heritage, representation, curating exhibitions and storytelling. As indicated by VeeRuby Technologies Pvt Ltd., an Indian firm proficient in augmented reality (AR) and virtual reality (VR) development, the number of active AR user devices is predicted to reach 1.4 billion by May 2023. The revenue generated by AR is projected to reach $340 billion by 2028. As a result, the market is expected to see a substantial boost due to the rising adoption and utilization of AR devices during the forecast period.
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How will the growth rate of the volumetric video market shape industry trends by 2034?
The size of the volumetric video market has seen substantial expansion in the past few years. The market is projected to expand from $2.82 billion in 2024 to $3.58 billion in 2025, boasting a compound annual growth rate (CAGR) of 26.7%. Factors contributing to this growth during the historic period include a spike in consumer desire for immersive content, investments in the media and entertainment industry, the growing popularity of live events and sports broadcasting, integration with the gaming industry, and applications in education and training.
The volume of the volumetric video market is projected to experience substantial expansion in the forthcoming years, rising to a whopping $10.77 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 31.7%. The anticipated growth during this forecast period is largely due to the growth in healthcare applications, advanced content creation tools, a global increase in volumetric video studios, efforts towards standardization and accessibility, and the enhancement of cinematic experiences in theme parks. Factors contributing to this growth trend in the forecast period include improved capture technology, a rise in virtual conferencing and events, services for volumetric video based in the cloud, real-time streaming of volumetric video, and the formulation of collaborations and partnerships.
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What trends are poised to drive the future success of the volumetric video market?
The growing popularity of technological advancement is a prominent trend in the volumetric video market. These cutting-edge technologies facilitate transparent delivery and linked logistic routes. To illustrate, Wild Capture, a US volumetric technology platform and creative services studio, in February 2022, unveiled the Digital Human Platform. The platform is designed to enhance XR technologies and provide comprehensive production services for the fabrication of digital humans, volumetric crowds, CG fashion for media production, software and web-based deliveries, and volumetric video.
Which primary segments of the volumetric video market are driving growth and industry transformations?
The volumetric video market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Content Delivery: Projectors, AR/VR Head-Mounted Display (HMD), Smartphones, Volumetric Displays
3) By Application: Sports And Entertainment, Medical, Signage And Advertisement, Education And Training
Subsegments:
1) By Hardware: Cameras, Sensors, Storage Devices, Processing Units
2) By Software: Video Capture Software, Editing Software, Playback Software, Integration Software
3) By Services: Consulting Services, Implementation Services, Support And Maintenance Services
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Which regions are key players in the growth of the volumetric video market?
North America was the largest region in the volumetric video market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the volumetric video market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the volumetric video market landscape?
Major companies operating in the volumetric video market include Alphabet Inc., Microsoft Corporation, Verizon Communications, Meta Platforms Inc., Sony Group Corporation, Intel Corporation, Canon Inc, Adobe Inc., Dimension, Autodesk Inc., 8I Ltd., DGene, 3nfinite, Unity Technologies, Avid Technology Inc., Blackmagic Design Pty Ltd., Mark Roberts Motion Control, Arcturus Studios, Stereolabs Inc., LightSpace Technologies Ltd., Holoxica Ltd., Evercoast, Boris FX, Light Field Lab, Scatter, 4D View Solutions SAS, OTOY Inc., Disguise, Foundry, HapYak, Holo-Light, Imagineer Systems Ltd., Looking Glass Factory Inc., Magic Leap Inc., Maxon Computer GmbH, NewTek Inc., Nreal, Pixotope Technologies, RealView Imaging, The Foundry Visionmongers, Varjo Technologies Oy, Ventuz Technology AG, VividQ Limited, Vizrt, Volograms, Voxon Photonics, Zero Density
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What Is Covered In The Volumetric Video Global Market Report?
•Market Size Forecast: Examine the volumetric video market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the volumetric video market for a structured understanding.
•Key Players Overview: Analyze major players in the volumetric video market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the volumetric video market.
•Segment Contributions: Evaluate how different segments drive overall growth in the volumetric video market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the volumetric video market.
•Industry Challenges: Identify potential risks and obstacles affecting the volumetric video market.
•Competitive Landscape: Review strategic developments in the volumetric video market, including expansions, agreements, and new product launches.
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