Volumetric Video Market Growth and Trends: Key Insights into Market Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What External and Internal Drivers Are Contributing to the Growth of theVolumetric Video Market?
The growth of the volumetric video market is predicted to be driven by the rising use of augmented reality. The volumetric video capture technology, which is a method that digitizes a three-dimensional area like an object, volume of space, or environment in real time through a group of cameras centred around a subject, is becoming increasingly influential in the space of cultural heritage applications. These applications include management of exhibition data, reconstruction of architectural and environmental heritage, representation, curation of exhibitions, and storytelling. In May 2023, VeeRuby Technologies Pvt Ltd, a company in India specializing in augmented reality (AR) and virtual reality (VR), forecasted that 1.4 billion AR user devices will be in active use. By 2028, AR is projected to reach a revenue of $340 billion. Therefore, the growing use and acceptance of AR devices is anticipated to enhance the market growth during the projected period.
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#What Growth Opportunities Will Drive the Volumetric Video Market’s CAGR Through 2034?
In past years, the volumetric video market has experienced substantial growth. Starting from a value of $2.82 billion in 2024, it’s projected to increase to $3.58 billion in 2025, with a healthy Compound Annual Growth Rate (CAGR) of 26.7%. This significant growth during the historic period is driven by factors such as heightened customer demand for immersive content, significant investment in the media and entertainment industry, live sports and event broadcasts, incorporation within the gaming industry, as well as applications in the education and training sectors.
Expectations are high for a substantial increase in the volumetric video market size in the coming years. By 2029, a growth to $10.77 billion is anticipated, signifying a compound annual growth rate (CAGR) of 31.7%. Factors contributing to this expected growth during the forecast period include advancements in healthcare applications, the prevalence of immersive cinematic experiences in theme parks, the improvement of content creation tools, the worldwide emergence of volumetric video studios, and strides towards better accessibility and standardization. Notable trends expected in this period are technological enhancements in capture methods, the popularity of virtual conferences and events, cloud-based volumetric video solutions, real-time streaming of volumetric videos, and numerous collaborative efforts and partnerships.
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Which Upcoming Market Trends and Innovations Are Set to Influence theVolumetric Video Market’s Path Forward?
A significant trend making waves in the volumetric video market is the advancement of technology. Cutting-edge technologies pave the way for transparent delivery and interconnected logistics pathways. Illustrating this trend, US-based volumetric technology platform, Wild Capture, introduced the Digital Human Platform in February 2022. This platform is specifically designed to foster the development of XR technologies and provide all-in-one production services for the creation of digital humans, volumetric crowds, and CG fashion. This applies to various areas including media production, application and web delivery, and, of course, volumetric video.
Who Are the Dominant Market Players Pushing the Boundaries of theVolumetric Video Market?
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 Are the Core Segments of the Volumetric Video Market, and How Do They Contribute to Growth?
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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What Regions Are Dominating the Volumetric Video Market Growth?
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.
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