ICT & Electronics 360-Degree Camera Market | Page 2

The global 360-degree camera market is segmented into applications
such as residential, commercial, healthcare, industrial, defense, media &
entertainment and others. Among these segments, media and
entertainment segment is expected to grow at remarkable pace during
the forecast period. Growing use of 360-degree cameras in making of
virtual reality videos and games is a major factor which is estimated to
drive the growth of this segment during the forecast period.
Global 360-degree camera market is expected to expand at a robust
CAGR over the forecast period. Moreover, the global 360-degree
camera market is anticipated to reach at remarkable revenue by the end
of forecast period. The market is expected to grow on the back of
increasing number of virtual reality gamers across the globe.
The professionals segment by end user is likely to grow at remarkable
pace during the forecast period. Growing popularity of 360-degree
movies and increasing number of virtual reality theme parks are some of
the factors which are fueling the growth of this segment.
Growing entertainment and media sector
Rising popularity of VR (Virtual Reality) movies and increasing VR
applications in entertainment and media sector are the major factors
which are augmenting the demand for 360-degree cameras. Further,
increasing number of VR gamers is also expected to foster the growth of
global 360-degree camera market during the forecast period.
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Rising adoption of 360-degree cameras in various industries
Increasing adoption of 360-degree cameras for supervision purposes at
residential, industrial and commercial places is a key factor which is
propelling the growth of global 360-degree camera market. Growing
adoption of 360-degree cameras at shopping malls & stores, office
buildings, hospitals, hotels, trains and other public locations for
monitoring purposes is estimated to foster the growth of global 360-
degree camera market.
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