The Business Research Company's Webcam market research report expands on key drivers, trends, and growth opportunities in the market.
LONDON, July 7, 2022 /PRNewswire/ -- The webcam market consists of the sale of webcams by entities (organizations, sole traders, and partnerships) that are used to transmit pictures and videos over the internet by recording images and are also widely used with instant messaging services. Webcams are categorized under input devices that can capture pictures and HD videos and are implemented for videoconferencing and security surveillance purposes. These cameras are installed with the software on the computer that helps to transmit its video in real-time.
The global webcam market size is expected to grow from $7.57 billion in 2021 to $8.38 billion in 2022 at a compound annual growth rate (CAGR) of 10.8%. The global webcams market size is expected to grow to $12.67 billion in 2026 at a CAGR of 10.9%.
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Webcam Market Growth Drivers
The growing need for security and surveillance is significantly contributing to the growth of the webcam market. Security and surveillance involve the monitoring of activities for the prevention of crime, intelligence gathering, and the investigation of crime. The increasing urge for home security and surveillance is prompting the adoption of webcams for security purposes, thereby increasing the webcam market growth. For instance, according to Times Now, a news channel in India, the Delhi Police reported a 30-40% rise in street crimes such as theft, robbery, snatching, and rape in 2021. Therefore, the growing need for security and surveillance is driving the growth of the webcam market.
Webcam Market Segments
1) By Product: USB, Wireless
2) By Technology: Analog, Digital
3) By Application: Video Conference, Security and Surveillance, Visual Marketing, Entertainment, Live Events, Others
4) By End-User: Healthcare, Tourism, Retail Shopping Centers, Enterprises, Others
Key Players And Their Strategies In The Webcam Industry
Major players in the webcam market are Canon Inc., Microsoft Corporation, Lenovo, Xiaomi, Razer Inc., Intel Corporation, Sony Corporation, Logitech, KYE Systems Corp, Cisco Systems Inc., Ausdom, Vivitar Corporation, Shenzhen Teng Wei Video Technology Co. Ltd., A4TECH, and Quantum Corporation.
In April 2021, Cisco, a US-based networking hardware company that manufactures webcams, and NEC Corporation, a Japan-based information technology, and electronics company expanded their partnership by entering a Global System Integrator Agreement to accelerate the deployment of innovative 5G IP transport network solutions worldwide. This partnership across the network solution ecosystem will strengthen and continue the success in meeting diversified customer requirements of the companies.
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