A camera module includes module housing, first bracket, camera, second bracket, rolling-element bracket; module housing has inner housing chamber, first bracket is at least partly in inner housing chamber, is hinged to module housing by first hinge shaft, and can rotate around first hinge shaft; camera is fixedly connected to second bracket, rolling-element bracket is disposed with rolling element, second bracket is connected to rolling element in rolling mode, camera can rotate with second bracket around its lens axis, rolling-element bracket is hinged to first bracket by second hinge shaft, camera and second bracket can rotate with rolling-element bracket around second hinge shaft; axes of first and second hinge shafts intersect or lie on different planes, lens axis and axis of first hinge shaft intersect or lie on different planes, lens axis and axis of second hinge shaft intersect or lie on different planes. An electronic device is provided.