Despite a challenging quarter due to staggering inflation rates, the worldwide market for volumetric video continues to expand with 24% growth experienced in Q1 2022 alone. The addition of twenty new stages brings the total number of volumetric capture locations to over a hundred, a promising step in the right direction to volumetric capture becoming more globally accessible. Notable mentions this quarter include the addition of ten StreamSoar studios across the United States, as well as Verizon opening additional studios with their own technology.
Broader adoption is also starting to emerge from the education sector as more universities invest in their own volumetric capture studios. With the media and entertainment industry also integrating volumetric video to power virtual productions and deliver differentiated marketing campaigns, we anticipate strong growth throughout the remainder of 2022.
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