North America Volumetric Video Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Volumetric Capture (Hardware, Software, and Services) and Application (Sports Events and Entertainment, Medical, Signage and Advertisement, E-Commerce, Video Games and eSports, Training, Education, Video Streaming and Alternate Realities, and Others)
Market Introduction
The North America region constitutes developed economies including, US Canada, and Mexico. Across North America, technological advancements have led to a highly competitive market. North America region attracts several technological developments, which consist of economically robust countries. The region has a leverage of continuous technological developments. Growth in technologies assist in stimulating the business of other industries. The sports industry is the region is at the peak. The interest of viewers for 360-degree videos in sports & entertainment is anticipated to accelerate the business of volumetric video in North America. The US is a biggest market for sports in the territory so far and starting from live sporting events to media sponsorships, the sports industry is booming. ESPN is one of a major sports channels in the region for broadcasting various sports such as football, baseball, and soccer championships. As ESPN holds a significant share in the region, need to update their existing technologies to deliver better experience to the viewers is necessary. For instance, in June 2018, Intel partnered with ESPN to develop volumetric sports content for their new show known as “Soul and Science.” In addition, in the same year, Intel has also entered into partnership with Paramount Pictures to explore the use of their volumetric video technology in developing cinematic VR experiences. Gigantic and MNCs such as 8i, Microsoft studios, and new Intel studios are taking advantage of high-end volumetric cameras. They aim to develop AI based algorithms and create first consumer friendly & affordable solution for the masses. As a result of this, the users would be able to develop volumetric videos by themselves. In respect to volumetric video, the EF EVE platform is a consumer-friendly platform which develops and share volumetric video for both recorded video and live events. Such developments and urge to deliver a better viewing experience, would assist in up surging the adoption of volumetric video.
The North American market had suffered considerable economic losses in the first two quarters of 2020, owing to high count of COVID-19 cases, especially in the US. The economic growth was slowed, which directly impacted various trading activities across the region. By the end of 2020, the US witnessed 140,000 job losses, and unemployment rate stood at 6.7%, clearly indicating that the economy was faltering. One of the biggest impacts of COVID-19 on the B2B industry was the cancellations of in-person meetings and training. eMarketer highlights, a survey from Demand Gen Report in 2020, stated that almost 53% of US B2B marketers see trade shows, training, and in-person meetings as an effective approach to form communication. Further, limited workforce strength, owing to the imposition of strict containment measures, led to rise of online meetings through platforms such as Zoom, Google Meet, and Cisco. Thus, volumetric video is emerged an effective solution for virtual training for many big and small companies. Decreased demand in sectors such as tourism, signage and advertisement, Video streaming and Alternate realities, and Medical hampered the market growth in North America for year 2020. However, post-pandemic, The volumetric video market is anticipated to see a promising growth.
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Market Overview and Dynamics
The volumetric video market in North America is expected to grow from US$ 984.32 million in 2021 to US$ 4,609.32 million by 2028; it is estimated to grow at a CAGR of 24.7% from 2021 to 2028. As there is wide range of technological deployment in marketplace transformation, international trade, and improved living standards, the technology plays a major role in deciding the North America economy. Owing to the growing number of applications, the adoption of volumetric video technology is expected to increase rapidly during the forecast period.
The demand for volumetric video technology from end-users is also increasing for personal and interactive video experiences. Moreover, the industry experts believe that volumetric video technology will revolutionize video viewing experience in sports and entertainment industry. Several companies in medical industry have started investing in developing volumetric content. This can be attributed to the holograms being used extensively in medical imaging by surgeons to view an organ of a body or a specific diseased part in 360° view. Further, the volumetric video with augmented or virtual reality devices permits 3D images to be viewed in a 360° environment.
Key Market Segments
North America volumetric video market is segmented into volumetric capture, application, and country. Based on volumetric capture, the North America volumetric video market is segmented into hardware, software, and services. In 2020, the hardware segment led the market, accounting for the largest share in the market. Based on application, the North America volumetric video market is segmented into sports events and entertainment, medical, signage and advertisement, e-commerce, video games and esports, training, education, video streaming and alternate realities, and others. In 2020, the sports events and entertainment segment accounted for the largest market share. Based on country, the North America volumetric video market is segmented into US, Canada, and Mexico. US held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the volumetric video market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 8i; Arcturus Studios Holdings, Inc.; Canon Inc.; DGene Inc; Dimension; Evercoast; Magic Leap, Inc.; Microsoft Corporation; Omnivor; Sony Corporation; StoryFile; Tetavi; and VOLUMETRIC CAMERA SYSTEMS.
Reasons to buy report
- To understand the North America volumetric video market landscape and identify market segments that are most likely to guarantee a strong return.
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America volumetric video market.
- Efficiently plan M&A and partnership deals in North America volumetric video market by identifying market segments with the most promising probable sales.
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America volumetric video market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Volumetric Video Market Segmentation
North America Volumetric Video Market - By Volumetric Capture
- Hardware
- Camera Units
- Processing Units
- Networking Units
- Solution
- Services
North America Volumetric Video Market - By Application
- Sports Events and Entertainment
- Medical
- Signage and Advertisement
- E-commerce
- Video games and eSports
- Training
- Education
- Video streaming and Alternate realities
- Others
North America Volumetric video Market - By Country
- US
- Canada
- Mexico
North America Volumetric Video Market - Company Profiles
- 8i
- Arcturus Studios Holdings, Inc.
- Canon Inc.
- DGene Inc
- Dimension
- Evercoast
- Magic Leap, Inc.
- Microsoft Corporation
- Omnivor
- Sony Corporation
- StoryFile
- Tetavi
- VOLUMETRIC CAMERA SYSTEMS
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Volumetric Video Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Volumetric Video Market – Key Market Dynamics
5.1 Drivers
5.1.1 Entertainment Sector Raising Demand for 360° Video Content Technology
5.1.2 Rising Need for Advanced Sports Viewing Experience
5.2 Market Restraints
5.2.1 Volumetric Video Production Being Costly
5.3 Market Opportunities
5.3.1 Upcoming Opportunities of Volumetric Video in Videoconferencing
5.4 Future Trends
5.4.1 Rising Usage of Volumetric Video Technology in Various Applications
5.5 Impact Analysis of Drivers and restraints
6. Volumetric Video Market – North America Analysis
6.1 North America Volumetric Video Market Overview
7. North America Volumetric Video Market Analysis – By Volumetric Capture
7.1 Overview
7.2 North America Volumetric Video Market Breakdown, by Volumetric Capture, 2020 and 2028
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
7.3.2.1 Camera Units
7.3.2.1.1 Overview
7.3.2.1.2 Camera Units: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
7.3.2.2 Processing Units
7.3.2.2.1 Overview
7.3.2.2.2 Processing Units: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
7.3.2.3 Networking Units
7.3.2.3.1 Overview
7.3.2.3.2 Networking Units: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Software
7.4.1 Overview
7.4.2 Software: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Services
7.5.1 Overview
7.5.2 Services: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Volumetric Video Market Analysis – By Application
8.1 Overview
8.2 North America Volumetric Video Market Breakdown, by Application, 2020 and 2028
8.3 Sports Events and Entertainment
8.3.1 Overview
8.3.2 Sports Events and Entertainment: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Medical
8.4.1 Overview
8.4.2 Medical: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Signage and Advertisements
8.5.1 Overview
8.5.2 Signage and Advertisements: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
8.6 E-Commerce
8.6.1 Overview
8.6.2 E-Commerce: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Video Games and Esports
8.7.1 Overview
8.7.2 Video Games and Esports: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Training
8.8.1 Overview
8.8.2 Training: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
8.9 Education
8.9.1 Overview
8.9.2 Education: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
8.10 Tourism
8.10.1 Overview
8.10.2 Tourism: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
8.11 Video Streaming and Alternate Realities
8.11.1 Overview
8.11.2 Video Streaming and Alternate Realities: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
8.12 Others
8.12.1 Overview
8.12.2 Others: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Volumetric Video Market – Country Analysis
9.1 Overview
9.1.1 North America: Volumetric Video Market, by Key Country
9.1.1.1 US: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Volumetric Video Market, by Volumetric Capture
9.1.1.1.1.1 US: Volumetric Video Market, by Volumetric Capture
9.1.1.1.2 US: Volumetric Video Market, by Application
9.1.1.2 Canada: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Volumetric Video Market, by Volumetric Capture
9.1.1.2.1.1 Canada: Volumetric Video Market, by Hardware
9.1.1.2.2 Canada: Volumetric Video Market, by Application
9.1.1.3 Mexico: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Volumetric Video Market, by Volumetric Capture
9.1.1.3.1.1 Mexico: Volumetric Video Market, by Hardware
9.1.1.3.2 Mexico: Volumetric Video Market, by Application
10. North America Volumetric Video Market - Covid-19 Impact Analysis
10.1 North America: Impact Assessment of Covid-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Microsoft Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Tetavi
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 DGene Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Omnivor
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Arcturus Studios Holdings, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Evercoast
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 8i
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Dimension
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Canon Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Sony Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 StoryFile
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 VOLUMETRIC CAMERA SYSTEMS
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
12.13 Magic Leap, Inc.
12.13.1 Key Facts
12.13.2 Business Description
12.13.3 Products and Services
12.13.4 Financial Overview
12.13.5 SWOT Analysis
12.13.6 Key Developments
13. About The Insight Partners
13.1 Word Index
LIST OF TABLES
Table 1. North America Volumetric Video Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. North America Volumetric Video market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 3. US: Volumetric Video Market, by Volumetric Capture –Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Volumetric Video Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Volumetric Video Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Volumetric Video Market, by Volumetric Capture – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Volumetric Video Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Volumetric Video Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Volumetric Video Market, by Volumetric Capture – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Volumetric Video Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Volumetric Video Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Volumetric Video Market Segmentation
Figure 2. North America Volumetric Video Market Segmentation – By Country
Figure 3. North America Volumetric Video Market Overview
Figure 4. North America Volumetric Video Market, By Country
Figure 5. North America Volumetric Video Market, By Volumetric Capture
Figure 6. North America Volumetric Video Market, By Application
Figure 7. North America: PEST Analysis
Figure 8. North America Volumetric Video Market- Ecosystem Analysis
Figure 9. North America Volumetric Video Market Impact Analysis of Drivers and Restraints
Figure 10. North America Volumetric Video Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 11. North America: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Volumetric Video Market Breakdown, by Volumetric Capture (2020 and 2028)
Figure 13. North America Hardware: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Camera Units: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Processing Units: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Networking Units: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Software: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Services: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Volumetric Video Market Breakdown, by Application (2020 and 2028)
Figure 20. North America Sports Events and Entertainment: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Medical: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Signage and Advertisements: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America E-Commerce: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America Video Games and Esports: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America Training: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America Education: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. North America Tourism: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America Video Streaming and Alternate Realities: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America Others: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. North America: Volumetric Video Market, BY Key Country – Revenue (2020) (US$ Million)
Figure 31. North America: Volumetric Video Market Revenue Share, by Key Country (2019 and 2027)
Figure 32. US: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Canada: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Mexico: Volumetric Video Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Impact of Covid-19 Pandemic in North American Country Markets
- 8i
- Arcturus Studios Holdings, Inc.
- Canon Inc.
- DGene Inc
- Dimension
- Evercoast
- Magic Leap, Inc.
- Microsoft Corporation
- Omnivor
- Sony Corporation
- StoryFile
- Tetavi
- VOLUMETRIC CAMERA SYSTEMS
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America volumetric video market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America volumetric video market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the volumetric video market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution