Many manufacturers are releasing innovative products to meet the growing demand for document cameras in the education sector. For instance, AVer Information Inc. USA, an award-winning provider of video collaboration solutions and education technology solutions, launched the groundbreaking VB130 All-In-One Distance Learning Collaboration Solution on June 28, 2021. The VB130 is a 4K video projector with a selectable Field of View and clear built-in audio that provides remote students with a true in-class experience while also allowing in-class students and teachers to hear audio from classmates at home. As a result, demand for document cameras in the education sector may be regarded as a driver capable of improving the market prospects of the document camera market.
According to Data Bridge Market Research the Document Camera Market accounted for USD 369044.49 thousand in 2021, and expected to reach USD 6,63,097.76 thousand by 2029. The market is expected to grow with a CAGR of 7.6% in the forecast period of 2022 to 2029.
“Rising Digitalization in the Education Sector to Facilitate Market Growth”
The field of education is becoming increasingly digitalized. Learning entails more than just memorizing facts from a textbook. Digital technologies such as document cameras, interactive whiteboards, and projectors are instances of digital technologies that make learning more interesting and interactive. Document cameras are becoming increasingly important in the education industry as it digitizes.
Document cameras are currently in high demand in the education sector. There are numerous educational establishments. These cameras are used for a variety of purposes around the world, including displaying textbooks and 3D objects and recording video in real time for demonstrations. These are the factors which propel the market growth.
What restraints the growth of Document Camera Market?
“Lack of access to infrastructure in emerging economies”
One of the most significant issues limiting the adoption of digital technologies in emerging countries is the lack of reliable internet and power supplies in several countries. According to data, the number of 10-year-old children who cannot read and understand a simple story by the end of primary school was used by the World Bank to estimate global levels of "Learning Poverty”. Learning poverty affects 53% of people in low- and middle-income countries, but it affects 80% of people in the poorest countries. With the Coronavirus disease (COVID-19) outbreak, 180+ countries imposed temporary school closures, affecting approximately 85 percent of children globally and causing 1.6 million children and youth to miss school.
Segmentation: Document Camera Market
The document camera market is segmented on the basis of components, product type, interface, pixels range, connection type, application, end-user, and weight range.
- On the basis of product type, the document camera systems market is segmented into portable, desktop model, and ceiling models.
- On the basis of components, the document camera systems market is segmented into optics, camera, lighting systems, motherboard and firmware, and others.
- On the basis of interface, the document camera systems market is segmented into input and output.
- On the basis of pixels range, the document camera systems market is segmented into 5 to 10MP, 10.1 to 15MP, less than 5MP, and more than 15MP.
- On the basis of application, the document camera systems market is segmented into lecture hall or classroom use, presentation of material in conferences, meetings and training sessions, videoconferencing and telepresence, presentation of evidence in courtrooms, telepathology, and medical applications.
- On the basis of end-user, the document camera systems market is segmented into education, corporate and others.
- On the basis of weight range, the document camera systems market is segmented into less than 3kg and more than 3kg.
Regional Insights: North America is expected to dominate the Document Camera Market
North America is expected to dominate the market due to high demand from the education sector, leading to the dominant position in the market. Furthermore, the United States has a strong education industry and is home to a number of renowned and technologically advanced educational institutions.
In addition, the Asia-Pacific region is likely to register highest growth rate during the forecast period of 2022 to 2029 due to document camera manufacturers' highest presence and huge industrial infrastructure. The United Kingdom dominates the European region due to the presence of several companies offering document cameras in this country, which contributes to the market's growth in the United Kingdom.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-document-camera-market
Recent Developments in Document Camera Market
- In 2021, Lumens partnered with Bosch to integrate PTZ cameras with Bosch conference systems, providing superior image quality from small local events to large international summits. The collaboration will improve the company's product portfolio and designs because Bosch is an award-winning design company that assists in designing flexible solutions and easy-to-install products.
- In 2021, Boxlight (Clevertouch) companies collaborated with Intel and partnered with its market-ready solution scheme. This scheme will benefit the company so that customers can expect a better product from a reliable company like Intel. Clevertouch is attempting to reach the markets with a new hybrid working model for the post-COVID-19 situation. This will help the company dominate the education and enterprise sectors, as well as expand into new retail markets.
The Prominent Key Players Operating in the Document Camera Market Include:
- AVer Information Inc. (Taiwan)
- ELMO USA CORP. (U.S.)
- WolfVision GmbH (Austria)
- Seiko Epson Corporation (Japan)
- IPEVO Inc. (U.S.)
- Lumens (U.S.)
- Pathway Innovations and Technologies (U.S.)
- HUE (India)
- TTS (India)
- Acco Brands (U.S.)
- SMART Technologies ULC (Canada)
- Hong Kong Codis Electronic Co. ltd (China)
Above are the key players covered in the report, to know about more and exhaustive list of document camera market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Document Camera Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
