Technavio has been monitoring the 360-degree camera market and it is poised to grow by USD 1.63 billion during 2020-2024, progressing at a CAGR of over 29% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global 360-degree Camera Market 2020-2024 (Graphic: Business Wire)
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Alphabet Inc., Fujitsu Ltd., Huawei Investment & Holding Co. Ltd., Koninklijke Philips NV, LG Electronics Inc., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., Shenzhen Arashi Vision Co. Ltd., and Sony Corp. are some of the major market participants.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., Fujitsu Ltd., Huawei Investment and Holding Co. Ltd., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., Shenzhen Arashi Vision Co. Ltd., and Sony Corp. are some of the major market participants. The declining price of 360-degree cameras will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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