Global Webcams Market is valued approximately USD 6.15 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 8.2 % over the forecast period 2020-2027.
Report Ocean published a new report on the global sWebcams Market. The study includes an in-depth analysis of regional trends and market growth in North America, Europe, Asia-Pacific, and Middle East Africa. This study report also examines the challenges that are negatively impacting the industry’s growth and outlines a strategy adopted by companies during 2017 to 2030.
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The miniaturization of electronic devices and demand for high-performance and energy-efficient products across consumer devices (smart) are some key factors driving the overall market growth. The industry heavily relies on smartphone technology and other applications related to consumer electronics, automotive technology, etc.
Webcams have high-resolution lenses and semiconductor chips capturing detailed images and recording videos. The increasing popularity of virtual workplace communication, increasing use for security surveillance and new product development by companies with new technology for specific end-users are expected to drive the market growth. For Instance: in 2020, Logitech launched StreamCam, a webcam featuring 1080p/60 fps video, USB-C connectivity, and flexible mounting options, made specially for streamers and content writers. Also, in 2019, Logitech had launched C920s Pro HD Webcam, This webcam features dual mics for providing natural-sounding audio, an all new privacy shutter, and compatibility with Logitech Capture streaming and recording software. However, problems like distorted audio, video freezing and others due to inadequate network connectivity and inadequate bandwidth are expected to impedes the growth of the market over the forecast period of 2020-2027. Also, increasing preference for healthcare surveillance and rising trend of online education is expected is likely to increase the market growth during the forecast period.
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The regional analysis of global Webcams market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing awareness regarding security measures in public and private places. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as growing need for webcams for online education, health sector and video conferencing would create lucrative growth prospects for the Webcams market across Asia-Pacific region.
Major market player included in this report are:
Cisco Systems, Inc.
D-Link Systems, Inc.
Koninklijke Philips N.V.
Logitech International S.A.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Distribution Channel:
Brick & Mortar
Security & Surveillance
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North America is leading the semiconductor and electronics market through increasing number of collaboration and effective government policies. Semiconductor companies in the United States spend about one-fifth of their total revenue on research and development – among the highest rates in any industry. Throughout difficult economic times and through fluctuations in sales revenue, the industry has consistently prioritized R&D. In order to maintain the partnership, the federal government is funding research at sustainable levels. The industry will continue to drive economic growth and develop technologies that will advance the future.
Impact Analysis of COVID-19
Semiconductor companies moved quickly to secure supply chains, protect their employees, and address other urgent concerns after the spread of COVID-19. In spite of seriousness of the situation and the fact that many governments continue to impose physical distance requirements, semiconductor companies are now forward when the pandemic subsides and a new normal begins. As a result of COVID-19, many fundamental aspects of the sector have changed, including customer behavior, business revenue, and various features of corporate operations. Thus, some companies may unable to survive the crisis.
Aim of the Report
This study aims to determine the market size of various segments and countries with forecast values for next ten years.
Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market’s future growth.
The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players’ products and the competitive landscape.
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