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The global webcams market reached a value of US$ 7.2 Billion in 2020. Looking forward, the market value is projected to reach US$ 12.4 Billion by 2026, expanding at a CAGR of 9.50% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
A webcam, or a web camera, is a video feeding device attached to a desktop computer, laptop or is in-built with other hardware devices. It is primarily used for capturing high-definition images and videos and can be connected through Universal Serial Bus (USB) or wireless networks. The webcam consists of a lens, image sensor and microphone to receive and record the video and sound. It is also used for streaming videos in real-time over the internet and for video conferencing across locations. In comparison to the traditionally used video cameras, webcams are more compact, cost-effective, durable, light-weight and user-friendly. As a result, they are widely used for telehealth, online tutorials, augmented reality (AR), security and photography applications.
Global Webcams Market Trends and Drivers:
Significant growth in the information technology (IT) industry, along with the emerging trend of videoconferencing and virtual meetings across the globe, represents one of the key factors creating a positive outlook for the market. Moreover, the widespread adoption of webcams by various government and private organizations for perimeter surveillance is also driving the market growth. Webcams are also used across industries, such as banking, financial services and insurance (BFSI), manufacturing, retail, construction, automotive and transportation, for real-time monitoring, video conferencing, visual marketing, live events and entertainment. Additionally, various product innovations, such as the integration of webcams in unmanned aerial vehicles (UAVs) with image sensors and cloud compatibility, are acting as other growth-inducing factors. Product manufacturers are also launching variants with enhanced resolution and storage capacities, which along with rising expenditure capacities of the consumers, is anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global webcams market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, webcam type, technology, distribution channel and end use.
Breakup by Webcam Type:
Breakup by Technology:
Breakup by Distribution Channel:
Breakup by End-Use:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 10Moons, Canon Inc., Cisco Systems Inc., D-Link Systems Inc., Koninklijke Philips N.V., Lenovo Group Limited, Logitech Inc., Microsoft Corporation, Nexia, Razer Inc., Sony Corporation and Xiaomi Inc.
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