The global webcams market size is expected to reach USD 11.60 billion by 2027, expanding at a CAGR of 8.2% from 2020 to 2027, according to a new report by Grand View Research, Inc. Webcams can be connected to laptops and desktops for real-time recording at any given location. Growing need for security and surveillance systems to capture intruders, trespassers, and miscreants in commercial as well as residential premises is expected to drive the product demand over the forecast period.
These
devices are widely being deployed in the corporate sector for video
conferencing and telecommutingfor more accessible communication with
counterparts at distant locations. Hence, key market participants are emphasizing
on new model launches and technological advancements to cater to the demand for
devices with higher recording, streaming, microphone, and zoom quality.
For
instance, in December 2019, Logitech launched a 4K Ultra HD webcam for Mac Pro
with RightLight 3 technology, enabling automatic adjustment of lightening
conditions for better video quality. Moreover, emergence of advanced video
cameras with the capability of connecting the entire conference of people to a
single user is propelling market growth.
Furthermore,
multiple attributes of webcam technology have extended its scope in the
healthcare sector to assist the patients suffering from chronic diseases and
emergency situations. These devices are highly being utilized for the
telehealth consulting services as they provide simplified connectivity between
patients and healthcare professionals through video conferencing on mobile
devices or laptops.
Owing
to the COVID-19 pandemic, governments of the profoundly affected countries have
already announced national lockdowns and are mandating the public to maintain
social distancing. Webcams are being used for communication and live virtual
events due to in-home isolation worldwide for minimizing the social and
economic impact of the outbreak. For instance, leaders of the G20 countries
held a video conference summit for a discussion on preventive measures to be
undertaken to reduce the impact of the current global pandemic.
Furthermore,
governments are using Unmanned Aerial Vehicles (UAVs) for surveillance purposes
as mobility restrictions are tightening worldwide owing to the COVID-19
pandemic. For instance, the State Police of Western Australia announced the
deployment of drones for remotely monitoring recreational sites to ensure if
people are following social distancing guidelines. In the light of the current
scenario, market demand is expected to boost over the forecast period.
Full Research Report On Webcams Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/webcams-market
Webcam Market
Report Highlights
- By
technology, analog webcams accounted for over 60.0% share of the total
revenue in 2019
- Based on
distribution channel, e-commerce is expected to expand at the highest CAGR
of 11.9% in terms of revenue from 2020 to 2027
- In 2019,
North America accounted for the largest revenue share of over 35.0%
- Asia Pacific
is expected to witness a significant increase in the product demand during
the forecast period.
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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, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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