Microsoft Research - (Free)
Rapidly create high-quality panoramas from digital photos using Microsoft Image Composite Editor.
Microsoft Image Composite Editor is a free utility that offers the opportunity to create great panoramas in just a few clicks. Convenient and easy to use, this nugget will automatically determine the perfect arrangement for assembling multiple pictures in high resolution.
Implementing several types of algorithms it automatically determine the order of images , orientation, exposure and position of the photographer in space. User will gain a considerable time since do not have to calculate the perfect arrangement in the shots.
The software can be used even by beginners. With just a Click on "New " - Select all images and Recompose the panorama user will have to Save the result.
Rather complete this software accept all images in JPG , PNG , BMP , TIFF and HD Photo Files WDP limitless resolution formats. Advanced users can customize the angle of view and modify the final perspective with a tool. The recording format is varied: JPG , PNG , BMP , TIFF , Photoshop PSD, or XML WDP.
Once completed, the stitched panorama in 3D can be shared with friends or published on the web.