Document Camera Market by Product Type, Connection Type, End User |COVID-19 Impact Analysis| MarketsandMarkets

1. Document Camera Market by Product Type, Connection Type, End User |COVID-19 Impact Analysis| MarketsandMarkets 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% during the forecast period. The market had been witnessing growth in the past years, mainly owing to the high adoption of document cameras from the education sector. Impact of COVID-19 on Document Camera Market: The world is facing an economic crisis caused by COVID-19 pandemic. The pandemic like various other markets has also led to a decline in the growth rate of the 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. However, the market is expected to witness rapid recovery in the near future. The manufacturers of document cameras are witnessing a surge in the demand for these products owing to more and more people resorting to remote working and teaching during the lockdown. Additionally, COVID-19 has led to a rise in the awareness of remote working and learning solutions, which is also expected to positively impact the demand for document cameras. On the other hand, many manufacturers are having difficulties in meeting this increased demand as they are facing several supply chain challenges. The growth of the market is expected to gain momentum as soon as the supply chain issues get resolved. AVer Information (Taiwan), WolfVision (Austria), ELMO Company (Japan), Seiko Epson (Japan), IPEVO (US), Lumens Digital Optics (Taiwan), Pathway Innovations and Technologies (US), QOMO (US), Hue (UK), and SMART Technologies (Canada) are among the key players operating in the document camera market. North America is expected to account for the largest share of the document camera market during the forecast period. High demand from the education sector is one of the key factors that has led to the dominant position of this region in the market. North America has a strong education industry and is home to a number of renowned and technologically sound educational institutions. Additionally, several companies offering document cameras have their presence in this region, which further adds to the growth of the market in North America. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=208385482 The education sector is expected to hold largest share as well as witness the highest CAGR in the market during the forecast period. The rapid digitalization in the education sector is one of the key factors that has led to the high penetration of document cameras in this market. Additionally, COVID-19 has resulted in a rise in the trend of online education and has boosted the demand for devices assisting online education. Document cameras have proven to be beneficial for online education, which is expected to positively impact the growth of the market. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

2. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model –GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441