The global market for webcams is staring at hitting 10.9 percent by 2026, As per the latest report by ResearchAndMarkets.com has pointed out.
According to the ‘Webcams – Global Market Outlook (2017-2026)’ report the Global Webcams market accounted for USD 5.18 billion in 2017 and is expected to reach USD 13.14 billion by 2026 growing at a CAGR of 10.9 percent during the forecast period.
Running away as an add-on component for computer systems, webcams are now identical with control and security.
The demand is too sustained by the easier availability of broadband and internet connectivity; however poor internet connection in various regions is holding up its growth.
In terms of technology, Analog webcam is forecast to increase at a considerable rate. As per geography, Asia Pacific is prone to witness fast growth, with the growing acceptance of technological innovation from China by emerging countries.
The vital players in the market include Platinet / Omega Technology, Samsung, Logitech, Microsoft, Sony, Flir, Philips, D-Link, Vivitar, Creative Technology, 10Moon, A4Tech, and Canon.