Volumetric Video Market to Record 33.03% YOY Growth Rate in 2022, Hardware Segment will be Significant for Revenue Generation – Technavio – QNT Press Release

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NEW YORK, July 18, 2022 /PRNewswire/ — The volumetric video market is set to grow by USD 3.05 billion from 2021 to 2026. However, the growth momentum is likely to decelerate at a CAGR of 26.48% according to the latest market report by Technavio. The volumetric video market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. 4D VIEW SOLUTIONS SAS, 8i, Arcturus Studios Holdings Inc., Canon Inc., EF London Ltd., Evercoast, Hammerhead Interactive Ltd., HoloCap AS, Imverse SA , Magic Leap Inc., Mantis Vision Ltd., Microsoft Corp., Sony Group Corp., StoryFile Inc., Tetavi Ltd., Volograms Ltd., Volucap GmbH, and VOLUMETRIC CAMERA SYSTEMS are some of the major market participants.

• 4D VIEW SOLUTIONS SAS – The company offers volumetric video capture systems named HOLOSYS.
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Volumetric Video Market 2022-2026: Scope

Our volumetric video market report covers the following areas:

• Volumetric Video Market size
• Volumetric Video Market trends
• Volumetric Video Market industry analysis

Volumetric Video Market 2022-2026: Segmentation Analysis

• Type
• Hardware
• Software
• Services
• Revenue Generating Segment: The volumetric video market share growth by the hardware segment will be significant for revenue generation. The hardware segment in the global volumetric video market is expected to witness significant growth in terms of market revenue when compared with other segments, such as software and services, during the forecast period. This is due to the growing demand for hardware, such as cameras, processors, and specialized digital imaging devices, globally.
• Geography
• North America
• Europe
• APAC
• South America
• The Middle East And Africa
• Regional Analysis: 31% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for volumetric video in North America. Market growth in this region will be slower than the growth of the market in other regions. The growing demand for 3D, 360 degrees, and augmented reality (AR)/VR video content from the entertainment, gaming, sports, and advertisement industry will facilitate the volumetric video market growth in North America over the forecast period.

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Volumetric Video Market 2022-2026: Market Dynamics

• Drivers: The rising demand for enhanced match-viewing experience, rising demand for AR in retail and e-commerce sectors & rising investments in the AR/VR ecosystem will offer immense growth opportunities.
• Challenges: The high cost of production of volumetric videos, lack of standardization for 3D content creation & less effective projection under sunlight will challenge the growth of the market participants.
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Volumetric Video Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist volumetric video market growth during the next five years
• Estimation of the volumetric video market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the volumetric video market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of volumetric video market vendors

• The gaming computer market share is expected to increase to USD 50.02 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 15.66%.
• The 3D technology market share is expected to increase to USD 218.71 billion from 2021 to 2026, at a CAGR of 16.89%.

Full story available on Benzinga.com

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