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.
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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.
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Key Topics Covered
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
Chapter 3 Market Snapshot
3.1 Global webcams market- Industry Snapshot & Key Buying Criteria, 2014 – 2025
Chapter 4 Industry Outlook
4.1 Market Segmentation & Scope
4.2 Global Webcams Market Size and Growth Prospects
4.3 Value Chain
4.4 Market Dynamics
4.4.1 Market driver analysis
18.104.22.168 Cost-efficient and easy to use
22.214.171.124 Growing need for security & surveillance due to increasing terrorist activities and crimes
4.4.2 Market restraint analysis
126.96.36.199 Poor internet connectivity
4.5 Market Penetration and Growth Prospect Mapping
4.6 Industry Analysis-Porter’s Five Forces
4.7 Global Webcams Market-PEST Analysis
4.8 Global Webcams Market Share Analysis, 2017
Chapter 5 Market Categorization 1: Product Type Estimates & Trend Analysis
5.1 Product Type Movement Analysis And Market Share, 2014 – 2025 (Million Units)
5.2 Product Type Market Size & Forecast And Trend Analysis, 2017 & 2025
188.8.131.52 Market estimates & forecasts by region, 2014 – 2025 (USD Million, Million Units)
184.108.40.206 Market estimates & forecasts by region, 2014 – 2025 (USD Million, Million Units)
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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