Latest News - Digital Video Recorder Market: In-home DVR is expected to lead the Deployment segment during 2024-2028

The Digital Video Recorder Market is being driven by Increasing penetration of mobile computing devices

The Digital Video Recorder Market is expected to grow at a CAGR of 7.08% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 6518 million. In the digital video recorder (DVR) market, advanced infrastructure, including substantial bandwidth and storage capacity, is essential for deploying DVR systems. The generation of large volumes of audio/visual (AV) data from video surveillance necessitates dependable storage solutions. The emergence of 4K resolution recording has intensified storage system demands, as these high-definition recordings consume significant space. Various industries are increasingly adopting DVRs, necessitating expansive storage volumes. Given the potential importance of surveillance data as potential evidence, data loss could be catastrophic. Consequently, the DVR industry requires high-quality, high-density, scalable, and reliable storage solutions to accommodate growing surveillance demands and voluminous AV data. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • In-home DVR
  • Cloud DVR
• Geography
  • North America
    • US
  • APAC
    • China
    • Japan
  • Europe
    • Germany
    • UK
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing penetration of mobile computing devices
• Growing investment in communication network infrastructure in developing countries
• Expanding scope of video surveillance in commercial segment

However, the market also witnesses some limitations, which are as follows:

• Slow internet speed leads to disruptions in video surveillance
• Infringement of privacy by public surveillance systems
• Lack of security of surveillance data

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Market Scope in Digital Video Recorder Market Research Report

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Research Analysis Overview

The Digital Video Recorder (DVR) market is experiencing significant growth, driven by the increasing popularity of HD channels and the DTH segment. The market offers various types of DVRs, including PC-based, Hybrid, Embedded, and Cloud-based solutions. These DVRs cater to diverse needs, from individual consumers to large enterprises. For television enthusiasts, HD-compatible DVRs enable recording and storing high-definition movies and television shows. Compatibility with various internet-connected devices is a key feature, allowing users to access their content from anywhere. Businesses, particularly Small and Medium Enterprises (SMEs), benefit from Multi-room DVRs and Cloud-based DVR solutions for managing and monitoring their premises. Large Enterprises leverage advanced features like Video analytics, Machine Learning, and Artificial Intelligence for security and operational efficiency. Storage devices like SD memory cards and USB flash drives can be used for local storage, while Cloud-based DVR solutions offer virtually unlimited storage in a digital format. Whether it's for personal use or business applications, DVRs continue to revolutionize the way we consume and manage our media.

Market Research Overview

The Digital Video Recorder (DVR) market falls under the broader consumer electronics sector, which encompasses businesses involved in the manufacturing and marketing of robotic products, home audio and video devices, televisions, digital cameras, and related items. This market excludes mobile phones, personal computers, and peripherals, categorized under the technology hardware, storage, and peripherals market, as well as video games, gaming consoles, and gaming peripherals, classified within the interactive home entertainment market. According to Technavio, the global household durables market, which includes the consumer electronics segment, is determined by the consolidated revenues of the manufacturers and marketers of consumer electronics, furnishings and decorative products, household appliances, and homeware. Factors propelling expansion in the global consumer electronics market include the introduction of new product offerings from major players, featuring advanced features to expand their consumer base. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/