The Webcam Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Webcam Global Market Report 2024, The webcam market size has grown rapidly in recent years. It will grow from $9.19 billion in 2023 to $10.25 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to rise in remote work and virtual meetings, growing online education, increase in video content creation, social media and live streaming, telehealth and virtual healthcare.
The webcam market size is expected to see rapid growth in the next few years. It will grow to $16.34 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to hybrid work models, evolving education landscape, content creation and influencer culture, advancements in telemedicine, increased video conferencing integration. Major trends in the forecast period include high resolution and 4K capabilities, compact and portable designs, integration with collaboration platforms, gaming and content creation applications, sustainability and eco-friendly design.
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 webcam 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.
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The webcam market covered in this report is segmented –
1) By Product: USB, Wireless
2) By Technology: Analog, Digital
3) By Application: Video Conference, Security And Surveillance, Visual Marketing, Entertainment, Live Events, Other Applications
4) By End-User: Healthcare, Tourism, Retail Shopping Centers, Enterprises, Other End-Users
Major companies operating in the webcam market are developing innovative products, such as 4K ultra-HD webcams, to meet larger customer bases, increase sales, and increase revenue. A 4K ultra-HD webcam is a high-resolution camera designed for capturing video and images with exceptional clarity and detail. For instance, in May 2022, AVerMedia Technologies, a Taiwan-based provider of audio and video peripherals, streaming, and embedded vision solutions, launched the PW515. The PW515 stands out as a premium 4K webcam, ensuring unparalleled video quality for users across various conferencing platforms such as Zoom, Microsoft Teams, and Google Meet, irrespective of lighting conditions. Its standout feature lies in the utilization of a large Sony 4K sensor, surpassing standard webcams by capturing more light. The incorporation of HDR and 3DNR technology enhances color vibrancy, while intelligent technology enables optimal performance in challenging lighting scenarios such as bright backlights or dim rooms. With an expansive 100-degree ultra-wide field of view, the PW515 ensures all participants remain within the frame. Notably, its AI gesture recognition feature allows users to activate AI framing effortlessly, keeping everyone in focus without the need for a remote control and minimizing disruptions during video conferences.
The webcam market report table of contents includes:
1. Executive Summary
2. Webcam Market Characteristics
3. Webcam Market Trends And Strategies
4. Webcam Market – Macro Economic Scenario
5. Global Webcam Market Size and Growth
…..
32. Global Webcam Market Competitive Benchmarking
33. Global Webcam Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Webcam Market
35. Webcam Market Future Outlook and Potential Analysis
36. Appendix
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