North America is presumed to lead the growth trajectory of the global market with a dominant share over the next few years. Increasing adoption of innovative technologies for the management of digital evidence by law enforcement is likely to propel market expansion in the nearby future.
A digital video recorder (DVR) is an electronic device that records video in a digital format to a hard disk drive (HDD), solid state drive (SSD), USB flash drive, SD card, or other mass storage devices. Digital video recorders include set-top-boxes, television sets, personal computers, camcorders, and media players with recording capability. Digital video recorders are used mainly for entertainment and security and surveillance applications. Fast data retrieval, less storage space requirement, and high image quality are a few of the advantages of digital video recorders over traditional video recorders.
Change in consumer preference toward watching movies and TV shows at their own time is boosting demand for digital video recorders. Demand for television digital video recorders is rising with an emerging trend of on-demand entertainment. Increased digitization of television broadcasts and increased demand for high-definition (HD) videos is driving the digital video recorder market.
Time-shifting and Ad-skipping features
• Time-shifting and ad-skipping features are the main drivers of the adoption of DVRs. Using the time-shifting feature, the viewer can record and watch videos at any time, as well as rewind and play recorded videos. The ad-skipping feature allows viewers to fast-forward through commercials.
Digitization of Television Broadcasting Provides the Foundation for DVR Market Growth
• DVR market is majorly driven by the use of DVR systems in police patrol vehicles and law enforcement. The video footage is used for training new officers to reinforce appropriate behavior and track down license plates of law offenders. Rising demand for such vehicles are expected to witness steady growth over the forecast period for new as well as replacement of the present outdated cameras.
Factors like intense competition, rapid advances in technology, and frequent changes in consumer preferences pose significant challenges for the manufacturers in this market. Dual high and low-res video streams mean never sacrifice the quality of recorded video for the privilege of streaming live. Single-channel DVRs have the capability to record only the view through the windshield, whereas dual-channel DVRs have the ability to collect all-round evidence in case of accidents since they can record incidents that occur in the vehicle’s passenger room, along with the rear window. However, lack of skilled personnel is anticipated to restrict market growth in the years to come.
Browse key industry insights@ https://www.merkleandsears.com/Global+Digital+Video+Recorders+Market+Analysis
The global digital video recorder market can be categorized based of type, platform, chipset and components. Based on type, the digital video recorder market can be classified into standalone and integrated. The standalone digital video recorders segment includes digital video recorder circuit boards (embedded). The integrated digital video recorder segment is expected to expand at a rapid growth, primarily due to an increase in demand for integrated digital video recorders in television sets. In terms of platform, the market can be categorized into DTH, cable, IPTV, and DTT. Based on application, the market can be split into security, entertainment, and others. The entertainment segment is expected to expand at a significant rate during the forecast period.
Make an inquiry for purchasing this report @ https://www.merkleandsears.com/contact-us.php
The North American car DVR market is still in the emerging stage owing to the absence of strong marketing campaigns. Dashcams are primarily used in police patrol cars in the U.S., which constitutes a major chunk of the end users.
North America dominated the global car DVR industry contributing to over less than half of the global revenue. Extensive use of advanced dash cams in police and patrol vehicles is expected to ensure a steady growth in this region. Initiatives by the government and authorities have led to an overall increase in the use of dash cam systems in the U.S.
Europe is also an abode of major leaders of the market, which is poised to secure its spot at the second position through the forecast period. The developed countries such as UK, France, Germany, etc. are likely to accelerate adoption of technological advancements which is likely to boost the growth pattern of the regional market over the next couple of years.
Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 22.3% over the analysis period, led by factors such as growth in urban households, rising living standards, expanding base of affluent middle class population and rise in the sophistication of entertainment habits and preferences that come from increased exposure to and adoption of digital technologies and platforms.
Some of the major players in the global digital video recorder market are Arris International, Plc., AT&T, Inc., Broadcom Corporation, Cisco Systems Inc., Comcast Corporation, Dell, Inc., Dish Network LLC, Ericsson, Google (Alphabet Inc.), Huawei Technologies Co. Ltd., Koninklijke Philips, LG Electronics, Nokia Networks, Samsung Communication Centre, Tivo Corporation.