NEW YORK, Sept. 1, 2022 /PRNewswire/ — The “Digital Video Recorder Market Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the digital video recorder market between 2021 and 2026 is USD 6.76 billion, as per the latest market research report by Technavio. The report predicts the market to witness an accelerating growth momentum at a CAGR of 7.31%. Technavio categorizes the digital video recorder as a part of the global consumer electronics market. 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 data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period. One of the key factors driving the global digital video recorder industry growth is the increasing penetration of mobile computing devices. In additionthe 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. However, one of the key challenges to the global digital video recorder industry’s growth is the slow internet speed leads to disruptions in video surveillance and the high cost of transmitting videos.
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The digital video recorder market report is segmented by Deployment (In-home DVR and Cloud DVR) and Geography (North AmericaAPAC, Europe, South Americaand Middle East and Africa).
- Regional Opportunities: 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 …