According to a research report titled ‘Global Webcams Market Size study, by Product (USB and Wireless), Technology (Analog and Digital), Distribution Channel (Brick & Mortar and E-commerce), End-use (Security & Surveillance, Entertainment, Videoconference, Live Events, Visual Marketing and Others), and Regional Forecasts 2020-2027’, available with Market Study Report, global webcams market was valued at USD 6.15 billion in 2019 and is projected to register a CAGR of 8.2% over 2020-2027, amassing a value of USD 11.55 billion by the end of the forecast period.
 

As per the report findings, growing popularity of virtual workplace communication by way of video conferencing, coupled with adoption of work from home policies are key factors driving the worldwide webcams market growth.
 

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Furthermore, surging demand for healthcare surveillance is enhancing the industry outlook. Ongoing development of new products aimed at specific end-use segments are also stimulating the market remuneration. For instance, in 2020, Logitech International S.A. launched StreamCam, a webcam featuring flexible mounting options, USB-C connectivity, and 1080p/60 fps video designed specifically for content creators and streamers.
 

Moreover, the advent of online education, mounting demand for security surveillance, and growing preference for wireless webcams are also likely to create several new opportunities for businesses operating in this domain.
 

Despite the positive industry outlook, technical glitches such as video freezing & distorted audio caused by network connectivity issues in remote regions, coupled with high costs of installation and maintenance are expected to impede market development in the ensuing years.
 

Considering the geographical scope, the research literature for global webcams market emphasis on Asia Pacific, Europe, North America, and Latin America. Among these, North America currently accounts for a majority market share, attributable to increasing awareness about security measures implemented in private and public areas.
 

Meanwhile, Asia-Pacific market is estimated to generate substantial returns during the forecast period owing to mounting demand for webcams in healthcare, online education, and video conferencing segments.
 

Key contenders in global webcams market sphere are Lenovo Group Ltd., Xiaomi Corp., Logitech International S.A., Sony Group Corp., Razer Inc., Microsoft Corp., Koninklijke Philips N.V., D-Link Corp., Cisco Systems Inc., and Canon Inc.