WebCam market at $3.4 billion in 2014 is expected to grow to $15.2 billion by 2021: ResearchMoz

Albany – NY, Oct. 20, 2015 (GLOBE NEWSWIRE) — Next generation webcams multifunction webcams are very sophisticated, they can do facial recognition, they are used in security systems, and for on line education.  They are used for 3D mapping, commercial pipeline observation, border patrol, package delivery, photography, and agriculture are more energy efficient, last longer and when connected to automated analytics have a significantly lower cost of operation than manned security systems.

WebCam markets promise to grow significantly because of the more economical visualization and navigation provided by systems.  Visualization includes mapping from the air, inspection from the air, surveillance from the air, and package delivery from the air.  The unmanned aircraft equipped with cameras are able to do things that cannot be done in any other way.  This bodes well for market development. 

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The webcam industry is characterized by short product life cycles, continual performance enhancements, and rapid adoption of technological advances.  It is intensely competitive.  There are retail and OEM market segments.  There are security, travel, and online education segments among others. 

Price sensitivity characterizes the OEM market.  Virtually every tablet and smartphone will have a webcam going forward.  WebCams are used in combination with instant messaging programs. YouTube is a premier video site.  Microsoft Messenger, Yahoo Messenger, AOL Instant Messenger, SameTime, and Skype support video chat.  Broadband connections support streaming video.  Installation, image quality and performance are ways to measure the substance of the WebCam experience.

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Imaging depends on quality and usefulness. Picture quality is an ongoing issue for webcams.  Sample photos from each Web camera need to be tested in a variety of lighting conditions provide a good measure of quality.  The standard high-resolution setting is measured in pixels and is constantly shifting for video.

According to Susan Eustis, leader of the team that prepared the study, “Security applications are promising to continue to grow rapidly. The ability to remotely monitor one room away or across the world using the Internet provides stunning new functionality that is enormously significant because of the automated process that implements intelligent systems.  This intelligence  capability promises to be used by everyone for security, security for people in their homes, businesses, police departments, universities, hospitals, and all organizations with a campus.”

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The WebCam market at $3.4 billion in 2014 is expected to grow to $15.2 billion by 2021.  Strong growth is triggered by the increasing availability of broadband and Internet connectivity.  The Internet protocols of Ethernet dominate all networking.

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