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The digital video recorder market share is expected to increase to USD 6.76 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.31%.
This digital video recorder (DVR) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers digital video recorder market segmentation by deployment (in-home DVR and cloud DVR) and geography (North America, APAC, Europe, South America, and Middle East and Africa). The digital video recorder market report also offers information on several market vendors, including ALE International, AT and T Inc., Canon Inc., Cisco Systems Inc., Comcast Corp., CommScope Holding Co. Inc., Dell Technologies Inc., DISH Network Corp., 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., Zhejiang Dahua Technology Co. Ltd., and Zoom Corp. among others.
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"The growing OTT market will facilitate the digital video content market growth in North America over the forecast period."
The increasing penetration of mobile computing devices is notably driving the digital video recorder (DVR) market growth, although factors such as the slow internet speed leads to disruptions in video surveillance may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the digital video recorder industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Digital Video Recorder Market Driver
One of the key factors driving the global digital video recorder industry growth is the increasing penetration of mobile computing devices. The growth is attributed to factors such as:
According to Technavio, global smartphone shipments in 2020 were recorded at 1,785.50 million units, which are expected to reach 1,655.00 million units by 2023. All vendors in the market offer subscription video on demand (SVOD), advertisement-based video on demand, and TVOD formats, such as Netflix, Amazon.com, and AT&T. The growing penetration of mobile devices encouraged market vendors to develop mobile apps for streaming. These apps also record the personal information of users, which helps vendors retain customers through target advertising. Thus, the increasing penetration of mobile computing devices will positively impact the growth of the global DVR market during the forecast period.
Key Digital Video Recorder Market Trend
Advent of smart AI-based video surveillance is one of the key digital video recorder market trends that is expected to impact the industry positively in the forecast period. AI uses smart automation to analyze large volumes of surveillance data to derive intelligent insights. For instance, Intel Movidius leverages AI and deep learning to make surveillance proactive by detecting unattended objects and behavior monitoring. Smart AI-based video surveillance systems include intrusion detection; motion; speed detection, object classification, behavioral analysis, GPS mapping, and vehicle tagging and tracking. Companies such as IC Realtime are working on facial recognition. The company offers Ella, which runs on Google Cloud, deploys AI to conduct video feed analysis across CCTV systems, and makes videos instantly searchable. Companies such as Kipod also offer AI-based video surveillance solutions. Countries such as China encourage the use of AI. Such factors will further support the growth of the market in the forecast years.
Key Digital Video Recorder Market Challenge
One of the key challenges to the global digital video recorder industry growth is the slow internet speed leads to disruptions in video surveillance and the high cost of transmitting videos. Most broadband or high-speed Internet service providers provide asymmetric connections. Moreover, Internet speed has been low in developing countries such as India and China due to low spending on infrastructure. The speed of the Internet depends on the optical fiber, available bandwidth, and satellite network connections. In most countries in Europe and MEA, the generated network traffic is routed through servers located in Europe, which is the main reason for the low speed of the Internet. As for video surveillance, a high upload speed is required for transmitting video feeds, which may hinder the growth of the market during the forecast period.
This digital video recorder market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the digital video recorder as a part of the global consumer electronics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the digital video recorder market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the digital video recorder market encompasses successful business strategies deployed by the key vendors. The digital video recorder market is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The digital video recorder market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the digital video recorder market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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35% of the market's growth will originate from North America during the forecast period. The US is the key market for digital video recorders in North America. However, market growth in this region will be slower than the growth of the market in APAC.
The need to prevent terrorism and rapid urbanization and industrialization in countries such as the US will facilitate the digital video recorder market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic in 2020 had an adverse impact on several regional economies, such as the US. However, from Q4 2020 onward, several sporting facilities were reopened, and various sporting events were rescheduled, such as the Super Bowl and basketball matches, owing to the increased vaccination drives in the region. Thus, the regional DVR market is expected to grow positively during the forecast period.
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The digital video recorder market share growth by the in-home DVRs segment will be significant during the forecast period. In-home DVRs use local hard drives to store video files in digital formats. Using new technologies such as artificial intelligence (AI), deep learning, and facial recognition in CCTV cameras will also boost the demand for in-home DVRs. This will enhance the growth of the segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the digital video recorder market size and actionable market insights on post COVID-19 impact on each segment.
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Digital Video Recorder Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.31% |
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Market growth 2022-2026 |
$ 6.76 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
6.52 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
North America at 35% |
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Key consumer countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ALE International, AT and T Inc., Canon Inc., Cisco Systems Inc., Comcast Corp., CommScope Holding Co. Inc., Dell Technologies Inc., DISH Network Corp., 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., Zhejiang Dahua Technology Co. Ltd., and Zoom Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Deployment
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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