WEBCAMS MARKET ANALYSIS

Regional Analysis

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa

North America is expected to hold dominant position in the global webcams market during the forecast period

Statistics:

North America held dominant position in the global webcams market in 2019, accounting for 33.4% share in terms of value, followed by Europe and Asia Pacific.

Figure 1: Global Webcams Market Share (%), By Region, 2019

North America held dominant position in the global webcams market in 2019 and is projected to retain its dominance throughout the forecast period, owing to increasing need for security and rapid development under smart city initiatives in the North America region. Web cameras are used in North America for recording security and surveillance, live events, online education, and visual marketing. For instance, according to Coherent Market Insights’ analysis, North America security systems integration market revenue increased to 3,700 million in 2018 from 3,219 million in 2017.

Asia Pacific region is expected to exhibit highest growth during the forecast period. This is owing to rising need for webcams for online education, healthcare sector, and video conferencing. Countries such as India and China are focusing on improving infrastructure and surveillance system, which is expected to provide lucrative opportunities for the industry over the forecast period. For instance, according to Coherent Market Insights’ analysis, the number of surveillance cameras installed in public and private areas of China is 622 million in 2020 from 146 million in 2017. Owing to the above mentioned factors, the webcams market is expected to witness significant growth during the forecast period.