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A digital video recorder (DVR) is an electronic device that is associated with a television and is used for recording television shows and movies. Digital video recorder refers to the technology used for recording audio and video in a digital format within a storage device such as USB flash drive, SD memory card, and any other networked or local mass storage device. It can be used to record television shows, movies, or video surveillance using IP cameras. Digital video recorder provides high image quality, fast data retrieval, and, recording of different videos from different channels concurrently.
Factors like the advent of time-shifting and ad-skipping features are expected to drive market growth during the forecast period. The time-shifting feature allows viewers to record incoming the video stream, whereas the ad-skipping feature allows viewers to skip or fast-forward advertisements. These features are generally present in new DVRs and allow viewers to record and watch videos at any time, attributed to increased digitization of television broadcasting, the rise in adoption of cloud-based DVRs, and growth in demand for HD videos. Other different factors that boost the Digital Video Recorder Market are an increase in the number of broadcast channels and rise in penetration of smartphones and smart devices. However, factors such as high initial cost, compatibility of videos, and requirement of large storage space are expected to restrict the growth of the market.
On the basis of product line, Global Digital Video Recorder Market is segmented into Embedded DVRs, Hybrid DVRs, and PC-based DVRs. Researchers have estimated the DTH segment to show the highest market growth rate during the forecast period. Features like the availability of HD channels, pay-to-use channels, easy user-interface, digital video recording, and value-added services are responsible for its rapid adoption during the next four years.
The major key players present in Global Digital Video Recorder Market are: Cisco, DirectTV, LG, Panasonic, Samsung, Tivo, Alcatel-Lucent, Comcast, Dish Network, Echostar, Funai, Honeywell, Kabel Deutschland, Koninklijke Philips, Nuvyyo¸ Sony, Time Warner Cable, Bosch, Intersil, FLIR, American Dynamics, Vivitar, Dahua Technology, and Defender. This market has immense growth opportunities and is highly competitive due to the presence of multiple vendors. However, factors like intense competition, rapid advances in technology, and frequent changes in consumer preferences pose significant challenges for the vendors in this market.
Application analysis of research study include, Global Digital Video Recorder Market can be split into BFSI sector, government and public sector, industrial sector, retail sector, and transport & logistic sector. On the basis of geography, Global digital video recorder is divided into several regions such as India, China, Japan, Europe, North America, and South East Asia. At present, the American market dominates the Global Digital Video Recorder Market followed by the EMEA and the APAC regions. However, as the DVR market in the Asia Pacific region is still in its growing stage, it is estimated to post the highest market growth rate during the forecast period. The high market growth rate of this region can be allocated to its large overall TV subscriber base.
Global Digital Video Recorder Market : Product Type
Global Digital Video Recorder Market : Application
Global Digital Video Recorder Market : Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Global Digital Video Recorder Market :
Geographical analysis of Global Digital Video Recorder Market :
Global Digital Video Recorder Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 17801.40 million |
Forecast Value (2031) |
USD 29341.62 million |
CAGR (2025-2030) |
7.4 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Digital Video Recorder Market was valued at around USD 17801.40 million in 2023 & estimated to reach USD 29341.62 million by 2030.
Digital Video Recorder Market is likely to grow at Compound Annual Growth Rate (CAGR) of 7.4% between 2024 to 2030.
Digital Video Recorder Market is dominated by the BFSI segment and the North America region holds the highest market share in 2023.
Some of the top key players in the Digital Video Recorder Market are
Primary driving factors for the growth of the Digital Video Recorder Market include Increased digitization of television broadcasting, the rise in adoption of cloud-based DVRs, and growth in demand for HD videos.
Yes, the report includes COVID 19 impact on the market.
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