The
global Webcam Market size is expected to reach USD 18.1
billion by 2028, registering a CAGR of 12.9% from 2021 to 2028, according to a
new report by Grand View Research, Inc. Factors such as the rising concern
regarding security and surveillance, increasing emphasis on virtual meetings
across the commercial sector, and continuous product innovations are expected
to support the growth of the market.
The
market has also benefitted from the continual advancements in technology,
allowing for better recording, zoom quality, and better streaming. An
increasing number of webcams in the market incorporate advanced features such
as 1080p resolution, 60 fps video streaming, auto light correction, and
autofocus, targeting emerging customers such as video-streamers and
professional gamers. Advanced features such as these also facilitate the
application of webcams in smart home security systems for remote surveillance.
Furthermore,
state-of-the-art web cameras are finding increased demand across telehealth
services. Healthcare professionals deploy webcams to examine and prescribe
medicines to patients living in remote or distant locations. For instance,
Secure Telehealth, a web-based platform provider for telemental health,
collaborated with Logitech. Under the collaboration, the company deployed
cost-effective and high-resolution Logitech webcams to offer remote mental
health services to patients from distant geographies.
The
COVID-19 pandemic has created an unprecedented demand for web cameras
worldwide. The adoption of hybrid business models and remote working models in
the enterprise sector has helped open promising opportunities for the market.
In 2020, leading market participants, including Logitech, have witnessed more
than 100% sales compared to the previous year, thanks to the notable rise in
video conferencing and connecting virtually with peers and family members.
Moreover, webcams played a prominent part in ensuring seamless access to K-12
education activities at the global level. Online education was promoted for
continuing curriculums without any disruptions in the knowledge transfer between
teachers and students.
Related Press
Release@ Webcam Market Report
Webcam Market Report Highlights
- In terms of
technology, the digital segment is likely to witness the fastest CAGR of
nearly 15.0% over the forecast period. This can be attributed to the
soaring demand for better image quality and more video coverage area
- In terms of
product, the wireless segment is expected to witness the fastest growth.
Volume-wise, the segment is expected to register a CAGR of close to 20%
over the forecast period owing to benefits such as portability and better
ease of use as compared to USB webcams
- In terms of
end use, the security and surveillance segment captured a revenue share of
nearly 20% in 2020 with the rising need for real-time monitoring to detect
uncertain movement and alerting about unexpected events
- North
America dominated in 2020 and accounted for a revenue share of over 35% of
the overall market. This can be attributed to the early adoption of the
latest technologies by the consumers based in this region
About Us:
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, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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