According to the new
market research report "Document
Camera Market with COVID-19 Impact Analysis By Product Type (Portable
and Non-portable), Connection Type (Wired and Wireless), End User (Education,
Corporate, and Others), and Geography- Global Forecast to 2025", the
document camera market is expected to grow from USD 370 million in 2020 to USD
545 million by 2025 it is expected to grow at a CAGR of 8.1% from 2020 to 2025.
The document camera market had been witnessing growth in the past years, mainly
owing to the high adoption of document cameras from the education sector.
However, COVID-19 has led to a decline in the growth rate of the document camera
market. This is because the educational institutions and corporate offices,
which are the major demand generators of document cameras, are currently
non-operational in various countries, thereby negatively impacting the demand
for document cameras. Additionally, COVID-19 has also disrupted the supply
chain of document cameras, which is hindering the manufacturing and
distribution of document cameras.
Portable segment to hold the largest
share of the document camera market, by type, in 2020
Portable segment
will lead the document camera market, by product type, in terms of size, in
2020. Portable document cameras have attractive features such as easy storage,
convenient placement on a table or other areas, and easier management of the
equipment, which has led to its high popularity in the document camera market.
The market for wireless document cameras
to grow at the highest CAGR during the forecast period
The document camera
market, based on connection type, has been segmented into wired and wireless.
Among these types, the market for wireless connection type document camera is
expected to witness the highest growth during the forecast period. Wireless
connectivity document cameras give the user flexibility to place and point the
camera anywhere in the room as well as move freely in the room. This is one of
the key factors leading to the upsurge in the demand for wireless connectivity
document cameras.
North America to hold the largest share of
document camera market by 2020
North America is
expected to hold the largest share of the document camera market by 2020. The
US leads the market in North America owing to its well-established economy that
encourages government and private investments in new technologies. Europe is
expected to account for the second-largest share of the document camera market
during the forecast period. The UK and Grmany are significant demand-generating
countries for document camera in this region.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=208385482
A few key players
operating in the document camera market are AVer Information (Taiwan),
WolfVision (Austria), ELMO Company (Japan), Seiko Epson (Japan), Lumens Digital
Optics (Taiwan), IPEVO (US), and HUE (UK).
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