Tech Update: Global webcams market to reach USD 13.14 billion by 2026

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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.

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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.