Global Digital Video Recorder Market to Witness Astonishing Growth by 2028

The global digital video recorder market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The increase in digital streaming of television broadcasts and the increase in the number of broadcast channels and the increase in penetration of smartphones and smart devices are driving the global digital video recorder market.A digital video recorder refers to the technology used to record audio and video in digital format within a storage device such as a USB flash drive, SD memory card, or any other network or storage device. It can be used to record TV programs, movies, or video surveillance using IP cameras. A digital video recorder provides high image quality, fast data recovery, and, recording of different videos at different channels simultaneously. In addition, the growth of the digital video recording marketplace may be due to the increasing adoption of cloud-based DVRs in line with the growing demand for HD videos. In addition, broad investment in research and development activities to integrate with new technologies is expected to boost the Digital Video Recorder Market growth during forecasting.

Analog CCTV security systems are now switching to digital technology with the adoption of digital video recordings. Digital video recorders replace analog DVRs in high-quality video recording and monitoring systems, thus driving part of the security and surveillance market. Digital video recorders make programming easier and safer to access the Internet through a network. This is expected to increase their demand for increased internet adoption on television. Additionally, unlike video management software and network video recording systems, digital video recorders cannot edge device processing and support multiple cameras in a single system. NVR camera systems do not need the internet to record and save videos. Security systems will only use bandwidth while accessing it remotely via the phone or PC software. The factors are expected to disrupt the digital video recorder market during the forecast period. In May 2019, EchoStar Announced a BSS business transfer agreement with DISH Network Corporation. This will strengthen DISH’s position in the U.S. DVRs market.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Platform
  • By Application
  • By User Type
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape-AT&T Inc., Alcatel Lucent, ARRIS International Plc, Broadcom Ltd, and EchoStar Corp., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Digital Video Recorder Market Report by Segment

By Type

• Standalone
• Integrated

By Platform

• DHT
• Cable
• IPTV
• DTT

By Application

• Security
• Entertainment
• Others

By User Type

• Small & Medium Enterprises
• Large Enterprises