Volumetric Video Market size was valued at USD 2.24 billion in 2023 and is expected to reach USD 52.71 billion by 2036, expanding at around 27.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of volumetric video is assessed at USD 2.73 billion.
The growth rate is expected to be rapid as technology is evolving continuously. Moreover, as a result of increasing use of technology and equipment to capture events, the demand will further rise. Further, the entire event can be covered with the help of 360 degree camera which makes it much more useful.
Volumetric videos are used to create engaging and creative advertisements. Not just advertisements, they can be used in exhibitions, conferences, promotions, to cover sports events and more.
Author Credits: Abhishek Verma
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