Webcam Global Market Report 2022

Webcam Global Market Report 2022

  • July 2022 •
  • 175 pages •
  • Report ID: 6310147 •
  • Format: PDF
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

The global webcam market 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 webcam market is expected to grow to $12.67 billion in 2026 at a CAGR of 10.9%.

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 main products in webcams are USB and wireless webcams.The USB cameras that are directly plugged into the USB port on the machine are known as USB cameras.

Software applications within the computer enable a user to view the image captured through USB cameras.The webcams are available with analog and digital technology and offer various applications such as video conference, security and surveillance, visual marketing, entertainment, live events, and others.

These are used by various end-users such as healthcare, tourism, retail shopping centers, enterprises, and others.

North America was the largest region in the webcam market in 2021.Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in the webcam market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The webcam market research report is one of a series of new reports that provides webcam market statistics, including webcam industry global market size, regional shares, competitors with a webcam market share, detailed webcam market segments, market trends and opportunities, and any further data you may need to thrive in the webcam industry. This webcam market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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.

Technological advancements are shaping the webcam market.Technological advancement is a discovery of knowledge that advances technology.

The major players in the webcam industry are developing smart webcams with advanced technologies such as artificial intelligence to increase their consumer base.For instance, in February 2019, Xiaomi, a China-based consumer electronics company launched the smart Mi home security camera with an AI motion detection feature.

This camera has a video recording feature of 1080p and also spans a 130-degree field of view. The camera has an AI-based detection engine with infra-red night vision and HD support.

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.

The countries covered in the webcam market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.