Webcam market growth rate at nearly 11% with increasing monitoring needs
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.
Check out similar market reports:
Global Surveillance Technology Market Report 2022 – By Technology (Video Surveillance, Big Data, Police Body Cameras, Biometrics, Home Drones, Facial Recognition Technology, RFID Chips, Stingray Tracking Devices), By Storage (On-Premises, Cloud ), by End User (BFSI, Government, Healthcare, Manufacturing, Retail, IT & Telecom, Media & Entertainment, Education) – Global Market Size, Trends & Forecast 2022-2026
Global Machine Vision Market Report 2022 – By Product (PC-Based, Smart Camera-Based), By Offer (Hardware, Software, Service), By Deployment Type (General Machine Vision System, Robotic Cell), by application (quality assurance and inspection, positioning and guidance, measurement, identification, predictive maintenance), by end-use industry (automotive, pharmaceuticals and chemicals, electronics and semiconductor, pulp and paper, printing and labeling, food and beverages, post and logistics, other end-users) – Market size, trends and global forecasts 2022-2026
Global Camera Modules Market Report 2022 – By Product Type (CMOS Camera Module, CCD Camera Module), By Component (Image Sensors, Lens Modules, Voice Coil Motors), By Type to the point (interface, pixel, process), by applications (medical, smartphone and tablet PC, automotive, defense and space, industry and security, consumer electronics) – Market size, trends and global forecasts 2022-2026
Want to know more about The Business Research Company?
The Business Research Company is a market intelligence firm that excels in business, market and consumer research. With locations around the world, it has strategic enablers in a wide range of industries, including manufacturing, healthcare, financial services, chemicals and technology.
The most comprehensive database in the world
The flagship product of the Business Research Company, Global market model, is a business information platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess gaps between supply and demand.
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: [email protected]
SOURCE The Trade Research Society