Azure Media Services
A group of Azure services that includes encoding, format conversion, on-demand streaming, content protection, and live streaming services.
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Is azure media service will support 360 degree video/VR live streaming?
Thanks for asking question! As mentioned in the blog: Virtual reality live streaming on Azure Media Services: that, a live streaming workflow can be built on Azure Media Services to stream any standard camera to an audience of millions with the click of a few buttons (or a few lines of code.) This same proven platform and set of APIs can be used along with a partner like VideoStitch to provide a complete live 360°/VR experience to your customers.
Hope this helps. Let us know if further query.