Author: Vikas Kumar
26 February 2022
Webcam Market is expected to grow at a CAGR of around XX% over the forecast period (2021-2027). The Webcam market is primarily driven by factors such as increasing demand for real-time monitoring devices and rising adoption of unmanned aerial vehicles (UAVs) for security and surveillance, and growing adoption of webcams for video conferencing, visual marketing, live events, and entertainment. The growing use of webcams for video consultation and remote patient monitoring by telehealth services has increased webcams penetration in the healthcare sector. In addition, these cameras allow real-time or store-and-forward telehealth communication.
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Due to the recent COVID-19 outbreak, work from home policies have been introduced by businesses to ensure the safety of workers as well as the continuity of their company. With these stay-at-home initiatives, the use of video conferencing has increased for company and customer meetings. The rapid spread of the pandemic has led to lockdowns being initiated across several countries, which has disrupted supply chains and forced the closure of numerous manufacturing plants. The slowdown caused in the production of webcams has impacted the growth of end-use industries and thus is expected to hamper the growth of the webcams market over the forecast period.
Companies across the globe are focused on lowering operational costs for surviving in the webcams market. The future manufacturing of webcams and related products in the post-lockdown period is expected to drive the growth of the market. Supportive government policies and relaxations in the lockdowns are expected to boost the demand for webcams over the forecast period. The industry players’ adoption of remote working policies to prevent the spread of COVID-19 at workplaces is likely to influence the webcams market positively. Thus, the demand for webcams and related products is expected to increase due to their rising adoption for security & surveillance, entertainment, video conferencing, and live events, among other end uses.
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Based on Product, the market is segmented into USB & Wireless. Of the different Product segments, the USB webcam segment dominated the webcam market. This is due to its compatibility with multi-platform computers such as Mac, Linux, and Windows. In addition, as they have larger casings that allow heat to disband easily, these devices are less susceptible to overheating.
However, the wireless webcams segment is expected to see substantial growth during the forecast period with the rise in broadband and internet access worldwide. In addition, wireless webcams can be mounted away from the computer screen, providing flexibility to the user. Wireless webcams use home Wi-Fi or the internet to provide live video streams to smartphones or tablets, allowing for surveillance.
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For a better understanding of the market adoption of Webcam, the market is analyzed for the countries such as North America (US, Canada, Rest of North America), Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia- Pacific), & Rest of World. North America dominated the market in 2020.
Some of the major players operating in the market include Sony Corporation, Intel Corporation, Microsoft Corporation, Koninklijke Philips N.V., Cisco Systems, Inc., Canon, Inc., Xiaomi Corporation, Lenovo Group Limited, Logitech International S.A., Razer, Inc., etc. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions
Webcam Market Segmentation
Market Insight, by Product
Market Insight, by Technology
Market Insight, by Distribution Channel
Market Insight, by End User
Market Insight, by Region
Company Profiled
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