4-July-2019: The global webcam market
size is expected to reach USD 10.06 billion by 2025, according to a new report
by Grand View Research, Inc., registering a CAGR of 8.6% during the forecast
period. Web cameras, popularly known as webcams, can be connected to laptops
and desktops for real-time recording of happenings at any given location.
Real-time
monitoring is one of the most important attributes of webcams. The devices are
deployed with high-resolution digital cameras and semiconductor chips that
capture images and record videos in detail. Growing need for security systems
to apprehend burglars, trespassers, miscreants, and other antisocial elements
in the society is anticipated to escalate demand for webcams.
Webcams are also
widely used at workplaces to communicate with colleagues and professionals from
distant locations. Video conferences with High Definition/4K videos have
minimized need for face-to-face meetings, thereby reducing need for business
travel. This has greatly contributed to cost savings among organizations.
The different
benefits of webcam technology, such as streaming images and capturing live
footages of patients for vital as well as prenatal care, have extended its
scope in the healthcare sector. Telehealth technology offers consulting services
to patients based in remote locations through video conferencing using laptops
or mobile devices. Moreover, video conferencing can be used for providing
expert medical advice from remote locations in critical cases and for chronic
diseases.
In
depth research report on Webcams Market
Further key findings from the report suggest:
·
On the basis of technology, the digital segment is expected
to register a CAGR of around 10.4% over the forecast period
·
By product, although wireless webcams account for a smaller
share, the segment is anticipated to exhibit the highest CAGR by 2025. More
than 50 million units of wireless webcams were sold in 2017, worldwide
·
In terms of end use, the live events segment is projected to
account for over 25% of the global webcam market revenue by 2025
·
Asia Pacific accounted for the largest volume share in 2017
and is anticipated to continue dominating the market over the forecast period
·
Key players include Logitech; D-Link Systems, Inc.; Cisco
Systems, Inc.; and Koninklijke Philips N.V., Inc. Key vendors are aiming to
develop solutions compatible with the mobile technology owing to growing
proliferation of smartphones worldwide.
Grand View Research
has segmented the global webcam market based on product, technology,
distribution channel, end use, and region:
Webcam Product Outlook (Volume Million Units; Revenue USD
Million, 2014 - 2025)
·
USB
·
Wireless
Webcam Technology Outlook (Volume Million Units; Revenue USD
Million, 2014 - 2025)
·
Analog
·
Digital
Webcam Distribution Channel Outlook (Volume Million Units;
Revenue USD Million, 2014 - 2025)
·
Brick & Mortar
·
E-commerce
Webcam End-use Outlook (Volume Million Units; Revenue USD
Million, 2014 - 2025)
·
Security & surveillance
·
Entertainment
·
Videoconference
·
Live events
·
Visual marketing
·
Others
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more research reports of this category:
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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