Global Network Video Recorder Market Size Forecast 2024 - 2033
18 Dec, 2024
What Is The Overview Of The Global Network Video Recorder Market?
A network video recorder (NVR) is a specialized device used in video surveillance systems to record and store video footage from network cameras. The network video recorder records analog video signals, by collaborating with digital IP (Internet Protocol) cameras. These devices are linked to the network and can be remotely accessed, enabling users to view live or recorded footage from anywhere with an internet connection.
Network Video Recorder Global Market Report 2024 provides data on the global network video recorder market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The network video recorder market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Estimated Market Size And Expected Annual Growth Rates For Network Video Recorder ?
The network video recorder market has grown rapidly, from $3.14 billion in 2023 to $3.56 billion in 2024, reflecting a CAGR of 13.1%. Growth is attributed to enhanced surveillance capabilities, adoption of IP-based systems, video analytics demand, security concerns, and system integration. It is expected to reach $5.86 billion by 2028 at a CAGR of 13.3%, driven by 4K video recording, smart city applications, cloud storage solutions, and AI technologies. Trends include cloud-based analytics, edge computing, UHD cameras, and video surveillance as a service (VSaaS).
What Are The Leading Drivers Of Growth In The Network Video Recorder Market?
The increasing frequency of breaches in surveillance networks is expected to propel the growth of the network video recorder (NVR) market. These breaches result from vulnerabilities in surveillance systems, including insecure firmware, weak communication protocols, and susceptibility to remote attacks. NVRs address these concerns by enforcing robust access controls, such as multi-factor authentication and role-based access control, ensuring that only authorized users can access surveillance data and functions. For instance, in March 2021, Check Point Software Technologies reported that hackers exploited IoT security cameras managed by Verkada, gaining unauthorized access to 150,000 IP cameras in sensitive locations. The emphasis on cybersecurity in surveillance networks is driving the NVR market.
Get Your Free Sample of the Global Network Video Recorder Market ReportHow Are The Segments Defined Within The Global Network Video Recorder Market?
The network video recorder market covered in this report is segmented –
1) By Type: Standalone Network Video Recorder, Rackmount Network Video Recorder, Other Types
2) By Technology: High Definition Internet Protocol (HD-IP), Analog High Definition (HD)
3) By Camera Compatibility: Wired, Wireless
4) By End-Use Vertical: Military And Defense, Government, Healthcare, Manufacturing Or industrial, Transportation, Commercial, Utilities
How Are New Trends Expected To Influence The Growth Of The Network Video Recorder Market?
Companies in the network video recorder market are focusing on developing internet protocol (IP) surveillance solutions to enhance security and provide advanced features. IP surveillance solutions improve video surveillance by offering superior image quality, scalability, remote access, and intelligent analytics. For instance, D-Link Systems Inc., a Taiwanese networking company, launched the JustConnect 16-Channel H.265 PoE Network Video Recorder (DNR-4020-16P) in June 2021. This solution is tailored for small and medium-sized businesses, featuring integrated Power over Ethernet (PoE) ports for up to 16 cameras. It supports H.265/HEVC for bandwidth-efficient high-quality video, along with built-in HDMI and VGA ports for real-time monitoring and playback without extra hardware. The system works with D-Link's Vigilance cameras and mydlink cameras, offering live viewing, recording, playback, and PTZ control, all accessible remotely via the JustConnect+ mobile app.
Which Region Drives The Highest Growth In The Network Video Recorder Market?
North America was the largest region in the network video recorder market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network video recorder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.