Webcam Market Highlights:
The webcam market is on the rise and is experiencing a golden period. It is estimated that the global webcam market can observe a surge at 10.3% CAGR during the forecast period 2019–2024, asserts Market Research Future study. In this period, the market is also touted to emerge by gaining a valuation of 11.26 billion from USD 6.25 billion in 2018. At present, webcams are evolving at a rapid pace as a powerful security device serving multiple purposes.
The factors actively boosting the global webcam market are accredited to the increasing security concerns and awareness about security devices that have paved ways for more demand for webcams in the present time. Even the quick installation of webcams is also gaining popularity, mainly in developing countries, across the world, with the growth of city projects. The purpose behind the evolution of smart cities is protection and security; therefore, the demand for webcams is strong here, which is boosting the market for webcam. With the growth of smart cities, the opportunities in the Webcam Market products have also increased simultaneously with technology prospects, thus anticipates the market that it would grow at more pace during the forecast period.
With this, Government is also favoring towards the installation of webcams on roads, kiosks, shopping complexes, and residential areas to serve security notions. Therefore, the webcam market is anticipated to witness high growth with the surging demand from government agencies and consumers as well. Furthermore, surging connectivity and higher adoption of internet services are also leading to the growth of webcam market. Even residential areas are heavily installed with webcams for 24-hour security and surveillance.
As an add-on, the webcams are inexpensive as compared to the video cameras and allow face-to-face communication, which leads to high demand these for installation in various places. Its extensive usage in education institutes, hospitals, officesfor and more have rapidly gained, which is yet another essential factor driving the market to grow.
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Major Key Players:
The prominent players in the Webcam Market are listed as Sony Corporation (Japan); Cisco Systems, Inc. (US), Inc. Koninklijke Philips (Taiwan), N.V.(Netherlands), Logitech (Switzerland), D-Link Systems, Microsoft (US); Razer Inc. (US) and Xiaomi (China). Other protruding players contributing to the webcam market are Creative Labs (Singapore), Canon, Inc. (Japan), Lenovo (Hong Kong), AUSDOM (China), Intel (US), Quantum Corporation (US), among others.
The global market for webcam, as per the study, has been segmented by the elements of the product, technology, distribution channel, and end-user.
- In terms of product: USB and wireless are the segments driving the market’s growth.
- In terms of technology: Analog and digital are the segments driving the market’s growth.
- In terms of distribution channel: Brick & mortar and e-commerce are the segments driving the market growth.
- In terms of end-user: Security & surveillance, entertainment, videoconference, live events, visual marketing, and others are the segments driving the market growth.
Region-wise, the market for the webcam has been studied across the regions of North America, Europe, Asia-Pacific, the Middle East, and Africa, Central and South America.
North American region has accounted for the largest share in the webcam market in support of the increased need for security as well as rapid developments, especially under the smart city projects. Webcams are installed everywhere in the North American region mainly for security and surveillance purposes. Therefore, due to these reasons, the market for webcam is rising at a rapid pace.
Asia-Pacific is also anticipated to expand at the highest CAGR during the forecast period owing to the government-led installations of webcams. China is the emerging country in terms of technology in webcam; thus, this factor is driving the market growth in recent time and will grow in the forecast period. Apart from this, the presence of several local vendors is also to provide cost-effective webcams which also boosting the market in this region.
Moreover, the Middle East and Africa, and Central and South America are also anticipated to display considerable growth in the coming future.
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.3 Research objectives
2.4 Markets Structure
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List of Tables
Table 1 Global Webcam Market, By Product, 2019–2024
Table 2 Global Webcam Market, By Technology, 2019–2024
Table 3 Global Webcam Market, By Distribution Channel, 2019–2024
Table 4 Global Webcam Market, By End-User, 2019–2024
Table 5 Global Webcam Market, By Region, 2019–2024
List of Figures
Figure 1 Global Webcam Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of The Global Webcam Market
Figure 4 Value Chain of The Global Webcam Market
Figure 5 Share of The Global Webcam Market In 2018, By Country (In %)
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