Volumetric Video Market Trends

Growth Drivers

• Increasing Demand for Better Viewing Experience

The viewing experience of sports, events, advertisements gets enhanced with the use of volumetric video technology. Moreover, the demand for better viewing experience is increasing as people are coming across various innovations in this field and are becoming more concerned about their health. This is projected to widen the scope for market growth in the coming years.

• Innovation and Technology Upgradation

The AR and VR are evolving with technology upgradation. This is anticipated to influence the market as well. Technology upgradation in this market is bringing forward new ways in which graphics and images can be viewed and captured.

• Opportunities

Volumetric video technology is used in events, conferences, and other programs to capture each and every detail. This helps in creating an in- depth map to provide better viewing experience to the viewers. This results in enhancing the viewers' engagement as well. This has expanded the scope of the market globally. The future is the innovations in technology and volumetric video is another step towards it.

Challenges

The current pandemic is a hindrance to the market growth of volumetric video as several conferences and events are canceled due to the prevailing lockdowns globally. This has resulted in reduced usage of volumetric video technology. Further, the market has to keep on evolving and innovating as technological advancements are taking place rapidly, which is estimated to be another challenge for the market growth.