Webcams Market Forecasts to 2028 – Global Analysis By Technology (Digital, Analog), Product (Wireless, USB), End User (BFSI, Telecom & IT, Other End Users) and By Geography
According to Stratistics MRC, the Global Webcams Market is accounted for $6.85 billion in 2020 and is expected to reach $20.81 billion by 2028 growing at a CAGR of 14.9% during the forecast period. The growing need for security and surveillance, increasing availability of broadband and increasing emergence of various advanced technologies are driving the market growth. However, high cost and rising concerns associated with security and safety are hampering the growth of the market.
A webcam is an electronic device widely used for surveillance and real–time streaming. Usually webcams are video cameras used to capture real-time images or videos in the form of analog or digital signals. Real-time observing or monitoring is one of the most important attributes of webcams.
Based on the product, the wireless segment is going to have lucrative growth during the forecast period as these products can be remotely connected to a device using Bluetooth or Wi-Fi technology. The rising demand for home security and surveillance solutions has compelled consumers to use wireless webcams.
By geography, North America is going to have high growth during the forecast period due to the rising high adoption of webcam for security and surveillance, recording live events, visual marketing, real time streaming, and online education in countries in the region.
Some of the key players profiled in the Webcams Market include Samsung, Cisco Systems, Inc., Logitech, D-Link Systems, Inc., Microsoft, Sony, Quantum Corporation, Koninklijke Philips N.V, Razer Inc, Xiaomi, Canon Inc and Lenovo.
Estimated Market Size in 2020:
USD 6.85 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 20.81 billion
Tables, Graphs & Figures
Product, Technology, Webcam, Application, End User, Distribution Channel and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Universal Serial Bus (USB)
• Digital Webcams
• Analog Webcams
• Embedded Webcams
• External Webcams
• Visual Marketing
• Security & Surveillance
• Live Events
• Common Network Chatting
• Video Conference
• Remote Medical
End Users Covered:
• Government and Healthcare
• Transportation and Logistics
• Banking, Financial Services and Insurance (BFSI)
• Construction and Automotive
• Telecom and Information Technology (IT)
• Other End Users
• Distribution Channel
• Offline/Brick & Mortar
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Webcams Market is majorly driven by the growing need for security and surveillance, increasing availability of broadband and increasing emergence of various advanced technologies.
The wireless segment is growing at a highest CAGR as these products can be remotely connected to a device using Bluetooth or Wi-Fi technology. The rising demand for home security and surveillance solutions has compelled consumers to use wireless webcams.
North America dominated with a significant market share due to the rising high adoption of webcam for security and surveillance, recording live events, visual marketing, real time streaming, and online education in countries in the region.
Asia Pacific market is growing at a highest CAGR owing to low labor cost and availability of raw material in the emerging countries of the region and availability of low-cost web cameras presented by local Chinese companies.
Key players in Webcams Market include Samsung, Cisco Systems, Inc., Logitech, D-Link Systems, Inc., Microsoft, Sony, Quantum Corporation, Koninklijke Philips N.V, Razer Inc, Xiaomi, Canon Inc and Lenovo.
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