A 720-degree panoramic camera. Azimuth information sensed by a gyroscope is collected, images collected by three wide-angle cameras (103, 204) at a same time point are collected, and the images collected by the three wide-angle cameras (103, 204) at a same time point and the azimuth information sensed by the gyroscope are fused into 720-degree panoramic images marked with the azimuth information, and the 720-degree panoramic images are transmitted wirelessly. By means of the camera, processing operations such as rapid browsing and screening of 720-degree panoramic images on matched application software in devices such as a mobile terminal and an upper computer can also be implemented, so that the screened images are uploaded to a cloud end and are shared. The camera has a small size and a high integration level, is convenient to carry, and can be widely used to take photographs on real estates and streetscapes and in other scenarios.