This forecast is given by ResearchAndMarkets.com experts.
Experts at ResearchAndMarkets.com have prepared a forecast relating to the global market for webcams (analysts interpret this term very broadly, referring to it and what is commonly referred to as IP cameras) and covering the period from 2020 to 2027.
Analysts expect this market to grow steadily in the coming years. More specifically, for the period indicated above, growth is projected to average 8.2% per year. If this forecast is true, in 2027 the market volume in monetary terms will reach $ 11.60 billion.
Sales of webcams will grow by 8.2% per year
According to analysts, the demand for cameras during the forecast period will stimulate the growing need for security systems and video surveillance for commercial and residential premises.
Another growth factor is the widespread use of cameras in the corporate sector for video conferencing. In addition, the use of cameras in the health sector is expanding, in particular for remote counselling services.