What Fueled The Previous Growth In The Network Video Recorder Market?
The network video recorder market has seen considerable growth due to a variety of factors.
• The network video recorder market has expanded rapidly in recent years. It will increase from $3.56 billion in 2024 to $4.04 billion in 2025, at a CAGR of 13.6%.
This growth is attributed to improvements in surveillance systems, the adoption of IP-based systems, increasing demand for video analytics, and heightened security concerns.
What Is The Expected Growth In The Network Video Recorder Market Size Evolve over the Forecast Period?
The network video recorder market is expected to maintain its strong growth trajectory in upcoming years.
• The network video recorder market is projected to reach $6.63 billion by 2029 at a CAGR of 13.2%.
The market growth is driven by the emergence of 4K video recording, applications in smart cities, and the integration of AI technologies. Key trends include cloud-based storage solutions, enhanced video quality with UHD cameras, edge computing for real-time analytics, and the expansion of video surveillance as a service.
What Main Forces Are Fueling Expansion In The Network Video Recorder Market?
The increasing number of surveillance network breaches is expected to drive growth in the network video recorder (NVR) market. Surveillance network breaches involve unauthorized access to surveillance systems, compromising security and privacy. Surveillance devices, often part of the Internet of Things (IoT), are vulnerable to cyberattacks due to inadequate security measures. NVRs enhance cybersecurity by offering strong access control mechanisms such as multi-factor authentication and role-based access control, ensuring that only authorized users can access surveillance data. For example, in April 2024, Parachute Technology reported an 11% increase in cyber incidents affecting government agencies, underscoring the need for NVRs in securing surveillance systems.
What Are The Primary Segments In 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
Subsegments:
1) By Standalone Network Video Recorder: Desktop Standalone Nvr, All-In-One Standalone Nvr (With Built-In Storage)
2) By Rackmount Network Video Recorder: 1u Rackmount Nvr, 2u Rackmount Nvr, 3u Or Larger Rackmount Nvr
3) By Other Types: Hybrid Network Video Recorder (Nvr + Dvr), Cloud-Based Nvr, Virtual Network Video Recorder
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What New Trends Are Influencing The Network Video Recorder Market?
Significant players in the network video recorder market, such as BCD, are enhancing their offerings by creating IP surveillance solutions to increase security and implement advanced features. Through high-quality imagery, scalability, remote access, intelligent analysis, easy integration, cost-effectiveness, and future-proof adaptability, IP surveillance solutions elevate network video surveillance. In October 2022, US-based company BCD unveiled its first ODM 1U All-in-One Network Video Recorder with a maximum storage capacity of 80TB. Specially designed for effortless integration into small and medium-sized businesses and enterprise environments, it possesses eight or twenty-four PoE+ ports, an Intel Core i5 or i7 processor, four drive bays with RAID options, and BCD’s Harmonize Bridge for hybrid cloud and disaster recovery. This versatile, comprehensive solution is perfectly suited for edge enterprise, retail, finance, and access control uses.
Who Are the Key Players In The Network Video Recorder Market?
Major companies operating in the network video recorder market are:
• Panasonic Corporation
• Honeywell International Inc.
• Johnson Controls Inc.
• Delta Electronics Inc.
• Hikvision
• Zhejiang Dahua Technology Co. Ltd.
• Ganz Security
• Axis Communications AB
• Avigilon Corporation
• Verint Systems Inc.
• Teledyne FLIR LLC
• IDIS Global
• Genetec Inc.
• VIVOTEK Inc.
• Milestone Systems
• Synology Inc.
• Pelco Incorporated
• D-Link Corporation
• Bosch Security Systems
• Hanwha Techwin Co. Ltd.
• Arecont Vision Costar
• IndigoVision
• Vicon Industries Inc.
• Lorex Technology Inc.
• ACTi Corporation
What Is The Most Dominant Region In The Network Video Recorder Market?
North America was the largest region in the network video recorder market in 2024. 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.
