Authored By: Sarah
11 Jul 2024

 Digital Video Recorder Market Size to grow by USD 6518 million between 2024-2028

According to a research report “ Digital Video Recorder Market” by Deployment (In-home DVR, Cloud DVR) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 6518 million, at a CAGR of  7.08% during the forecast period. The proliferation of mobile computing devices, including smartphones, laptops, and tablets, is witnessing significant growth in both developed and emerging economies. Factors fueling this trend include expanding digital literacy, increasing per capita income, the availability of affordable smartphones, and investments in advanced communication network infrastructure. This mobile device penetration positively influences the Over-The-Top (OTT) services market, as major players like Netflix, Amazon.com, and AT&T provide mobile applications for their SVOD, AVOD, and TVOD offerings. Initially, these services were accessible only through websites.

Browse market data tables, figures, and in-depth TOC on “Digital Video Recorder Market” by Deployment (In-home DVR, Cloud DVR) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Deployment, the In-home DVR segment is projected to dominate the market size in 2024

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By Geography, North America  segment is expected to hold the largest market size for the year 2024

In-home Digital Video Recorders (DVRs) refer to the physical devices integrated into set-top boxes and CCTV cameras for video recording and storage. These DVRs employ local hard drives to digitally save video files. However, they come with limitations such as storage capacity and the number of simultaneous recordings, which are contingent on the number of tuners. For instance, a DVR with two tuners can only record and watch one show at a time. The burgeoning adoption of advanced technologies like AI, deep learning, and facial recognition in CCTV cameras is expected to augment the demand for in-home DVRs. Moreover, the increasing investment in smart city projects worldwide, encompassing smart infrastructure, security systems, and parking management, will further fuel the market growth for in-home DVRs.

North America is forecasted to hold the largest market size by region in 2024

The Digital Video Recorder (DVR) market represents a significant growth opportunity for businesses seeking to enhance their video surveillance and security systems. This technology enables the recording and storage of digital video footage, offering advanced features such as motion detection, remote access, and high-definition video quality. Companies in various sectors, including retail, banking, and hospitality, are increasingly adopting DVRs to improve operational efficiency, security, and customer experience. The global DVR market is projected to expand at a robust CAGR during the forecast period, driven by the rising demand for advanced security solutions and the proliferation of IP cameras.

The Digital Video Recorder Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • ALE International
  • AT and T Inc.
  • Canon Inc.
  • Cisco Systems Inc.
  • Comcast Corp.
  • CommScope Holding Co. Inc.
  • Dahua Technology Co. Ltd.
  • Dell Technologies Inc.
  • DISH Network L.L.C.
  • EchoStar Corp.
  • Honeywell International Inc.
  • Johnson Controls International Plc.
  • Panasonic Holdings Corp.
  • Renesas Electronics Corp.
  • Robert Bosch GmbH
  • Sony Group Corp.
  • Technicolor SA
  • Teledyne Technologies Inc.
  • Xperi Holding Corp.
  • Zoom Corp.
.

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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 is witnessing significant growth in various sectors, including the retail industry, due to the increasing demand for value-added services and on-demand entertainment. The application analysis of DVRs spans across pay-to-use channels, HD channels in the DTH segment, PC-based DVRs, hybrid DVRs, and embedded DVRs. Compatibility with different TV models, initial cost, and storage space requirement are key factors influencing the choice of DVRs. Cloud-based DVR solutions are gaining popularity due to their convenience and flexibility. These solutions offer features like ad-skipping, time-shifting, and on-demand entertainment, requiring only internet access and an internet-connected device. However, bandwidth usage and storage space are critical considerations. The DVR market caters to TV households, connected homes, and smart homes, offering multi-room DVRs, large enterprise solutions, and small-medium enterprise solutions. Advanced features like video analytics, machine learning, and artificial intelligence are increasingly being integrated into DVRs, enabling video surveillance, movie and TV show storage, and fast data retrieval. DVRs are also used in the broadcast industry for digitization, offering high image quality and compatibility with various channels and videos in digital format. NVR camera systems and video management software are essential components of DVRs, providing efficient storage and management of video and audio data. In addition, DVRs are used in mobile computing, such as Turbo HD DVRs and Mobile DVRs, for recording and playing back HD videos on smart devices like smartphones. The market for DVRs continues to evolve, offering innovative solutions for various applications, from security and surveillance to entertainment and broadcasting.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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