Webcam Market Set to Grow at a CAGR Over 8.2% by 2027

25/nov/2020 08:18:28 Grand View Research Contatta l'autore

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The global webcams market size is expected to reach USD 11.60 billion by 2027, expanding at a CAGR of 8.2% from 2020 to 2027, according to a new report by Grand View Research, Inc. Webcams can be connected to laptops and desktops for real-time recording at any given location. Growing need for security and surveillance systems to capture intruders, trespassers, and miscreants in commercial as well as residential premises is expected to drive the product demand over the forecast period.

These devices are widely being deployed in the corporate sector for video conferencing and telecommutingfor more accessible communication with counterparts at distant locations. Hence, key market participants are emphasizing on new model launches and technological advancements to cater to the demand for devices with higher recording, streaming, microphone, and zoom quality.

For instance, in December 2019, Logitech launched a 4K Ultra HD webcam for Mac Pro with RightLight 3 technology, enabling automatic adjustment of lightening conditions for better video quality. Moreover, emergence of advanced video cameras with the capability of connecting the entire conference of people to a single user is propelling market growth.

Furthermore, multiple attributes of webcam technology have extended its scope in the healthcare sector to assist the patients suffering from chronic diseases and emergency situations. These devices are highly being utilized for the telehealth consulting services as they provide simplified connectivity between patients and healthcare professionals through video conferencing on mobile devices or laptops.

Webcam Market Report Highlights

·         By technology, analog webcams accounted for over 60.0% share of the total revenue in 2019

·         Based on distribution channel, e-commerce is expected to expand at the highest CAGR of 11.9% in terms of revenue from 2020 to 2027

·         In 2019, North America accounted for the largest revenue share of over 35.0%

·         Asia Pacific is expected to witness a significant increase in the product demand during the forecast period.

Webcam Market Segmentation

Grand View Research has segmented the global webcam market on the basis of product, technology, distribution channel, end use, and region:

Webcams Product Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

·         USB

·         Wireless

Webcams Technology Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

·         Analog

·         Digital

Webcams Distribution Channel Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

·         Brick & Mortar

·         E-commerce

Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/webcams-market
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