Volumetric video, the capture and display of three-dimensional (3D) imagery, has emerged as a revolutionary technology poised to transform the media landscape, enabling immersive experiences that transcend the limitations of traditional 2D video. One of the key challenges in this domain is the efficient delivery of these high-bandwidth, data-intensive volumetric video streams, which requires innovative transcoding and compression techniques. This research paper explores the state-of-the-art in volumetric video compression and delivery, with a focus on the potential of AI-driven solutions to address the unique challenges posed by this emerging medium.