Webcam Market Analysis, Trends, Growth Driver, Future Prospects, Demand, Opportunities and Impact of COVID

Market Overview

The global webcam market size is expected to grow significantly from USD 6.25 billion during the historic forecast period to USD 11.26 billion during the forecast period, at a CAGR rate of 10.3%.

A webcam is a real-time video camera that captures or streams images. These photos can be shared via a computer. High-resolution lenses and semiconductor chips are used in webcams to capture detailed images and record videos. Webcams, on the other hand, now come with an IP address that may be used to monitor smart homes when linked to an Ethernet or Wi-Fi network.

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Webcams have progressed from PC add-ons to security devices. The rise in security concerns and awareness of security equipment has aided the growth of the webcam market. With the rise of smart city projects, webcam installation is increasingly gaining traction in underdeveloped countries. Security is one of the most important features of smart cities. Webcams are being installed in roadways, kiosks, retail malls, and residential areas by the government. Because of rising demand from both government organizations and ordinary users, the webcams industry is likely to rise rapidly. Furthermore, the webcam market is growing due to increased connectivity and increased adoption of internet services. Webcams with an IP address are installed in smart homes, allowing the home’s owner to readily watch it.

Market Segmentation

Based on the Product, the global Webcam Market has been segmented into USB and wireless.

Based on the Distribution-Channel, the global webcam market has been segmented into brick & mortar and e-commerce.

Based on Technological Development, the global webcam market has been segmented into analog and digital.

Based on the End-User, the global webcam market has been segmented into security & surveillance, entertainment, videoconference, live events, visual marketing, and others.

Based on the Region, the global webcam market has been segmented into North America, Europe, Asia-Pacific, the Middle East, and Africa, Central and South America.

Regional Classification

Because of the rising requirement for security and quick improvements under smart city projects, North America has the greatest market share in the webcam market, followed by Europe. In North America, web cameras are being used to film security and surveillance, events, online education, and visual marketing. Because of government-led webcam installations, Asia-Pacific is predicted to expand at the fastest CAGR during the forecast period. China is predicted to be the region’s most revenue-generating country. The demand for cameras in this region is being fueled by the presence of multiple local suppliers who offer low-cost webcams. Furthermore, the Middle East and Africa, as well as Central and South America, are predicted to grow rapidly in the next years.

Industry News

The major key players in the Webcam Market are Canon, Inc. (Japan), Cisco Systems, Inc. (the US), D-Link Systems, Inc. (Taiwan), Koninklijke Philips N.V.(Netherlands), Lenovo (Hong Kong), Logitech (Switzerland), Microsoft (US); Razer Inc. (US) Sony Corporation (Japan); and Xiaomi (China).

Some other major key players in the global webcam market are Creative Labs (Singapore), AUSDOM (China), Intel (US), Quantum Corporation (US), among others.

To modernize to the latest technology and increase their geographical reach, OEMs are focused on strategic alliances and agreements. To get a competitive advantage over other market competitors, major businesses are working on updating webcam technologies.

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