Business Research Company’s Webcams Market research report expands on key drivers, trends, and opportunities for market growth.
LONDON , July 7, 2022 /PRNewswire/ — The webcam market consists of the sale of webcams by entities (organizations, independent traders, and partnerships) that are used to transmit images and videos over the Internet by recording images and are also widely used with services instant messaging. Webcams are classified as input devices capable of capturing HD images and videos and are implemented for video conferencing and security monitoring purposes. These cameras are installed with the software on the computer which helps in transmitting its video in real time.
The size of the global webcam market is expected to grow from $7.57 billion in 2021 for $8.38 billion in 2022 at a compound annual growth rate (CAGR) of 10.8%. The size of the global webcam market is expected to reach $12.67 billion in 2026 at a CAGR of 10.9%.
Webcams Market Growth Factors
The growing need for security and surveillance is contributing significantly to the growth of the webcam market. Security and surveillance involves the control of crime prevention, intelligence gathering and crime investigation activities. The growing need for home security and surveillance is prompting the adoption of webcams for security purposes, thereby increasing the growth of the webcam market. For example, according to Times Now, a news channel in Indiathe delhi Police have reported a 30-40% increase in street crimes such as theft, robbery, kidnapping, and rape in 2021. Hence, the growing need for security and surveillance is driving the growth of the market for webcams.
Webcam market segments
1) By product: USB, wireless
2) By technology: analog, digital
3) By Application: Video Conferencing, Security & Surveillance, Visual Marketing, Entertainment, Live Events, Others
4) By end user: healthcare, tourism, shopping malls, businesses, other
Key players and their strategies in the webcam industry
The major players in webcam market are Canon Inc., Microsoft Corporation, Lenovo, Xiaomi, Razer Inc., Intel Corporation, Sony Corporation, Logitech, KYE Systems Corp, Cisco Systems Inc., Ausdom, Vivitar Corporation, Shenzhen Teng Wei Video Technology Co. ., Ltd., A4TECH and Quantum Corporation.
In April 2021Cisco, an American network hardware company that manufactures webcams, and NEC Corporation, a JapanThe information technology and electronics-based company has expanded its partnership by entering into a global systems integrator agreement to accelerate the deployment of innovative 5G IP transport network solutions worldwide. This partnership across the network solutions ecosystem will strengthen and continue the success of meeting the diverse needs of enterprise customers.
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SOURCE The Trade Research Society