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Digital Camcorders Market Research 2020-2025 Report by Key Growth Drivers, Challenges, Leading Key Players Review

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Rahul Sharma
Digital Camcorders Market Research 2020-2025 Report by Key Growth Drivers, Challenges, Leading Key Players Review

Digital Camcorders Market size was estimated USD 1.8 Billion in 2018. The market is expected to witness a significant growth rate with a CAGR of 10.4%, from 2019 to 2025. The rising influence of media, journalism and entertainment industry is expected to have a positive impact on this market growth. The usage of such products for covering news across the remote locations has also contributed to this growth. Moreover, these camcorders are also being used for producing movies having a low budget and television shows to curtail the expenses for shooting.

 

Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/global-digital-camcorders-market/request-sample

 

The key driving factors responsible for the growth of Digital Camcorders market :

 

The rising influence of video recording across family functions, domestic celebrations, festivals and get together has boosted the market demand for such products. Ease of availability, affordable price, and simple storage capacity has also fueled the market growth for such products. Moreover, the rising influence of social media to share such videos among family and friends has also increased the demand for camcorders.

 

The rising influence of online video lectures in the educational and research sector is also creating the demand for such products. This can be attributed to features like e-learning which increase the reach of education even to remote locations across the globe. Also, the usage of YouTube among the students and millennial for educational, interview and research purposes has been on the rise since the last few years. Thus, the digital camcorders market is expected to boost in the upcoming years.

 

Resolution Insights

In 2018, the resolution segment of Full HD 1080p held the largest share of 55% across the global market. This can be attributed to the rising demand for blue ray prints for video streaming websites and televisions. It is acting as a substitute for several video formats such as 720 and 1080p thereby enhancing the video quality. This resolution is capable to capture high-quality videos that do not create a strain on eyes.

 

The UHD 2160p resolution segment is expected to register the fastest CAGR of 10.7% during the forecasted years, 2019 to 2025. This growth can be attributed to the rising demand among the users to capture details in the recordings thereby increasing the picture quality. The clarity and visual details of this segment are finer as compared to the rest of the resolutions. This is expected to drive the market growth for digital camcorders in the upcoming years.

 

Distribution Channel Insights

The offline distribution channel held the largest share across the globe. This can be attributed to the preference among the customers to physically examine the product before deciding for purchase. Also, the customers across developing countries like India and China rely on electronic stores for purchase of such products. Thus, the offline channel contributes more in the market growth for products like digital camcorders.

 

View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/global-digital-camcorders-market

 

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