The global Network Video Recorders (NVRs) market achieved a valuation of US$ 3.26 billion in 2022 and is poised for substantial growth, with an expected robust compound annual growth rate (CAGR) of 13.3%. This growth trajectory is anticipated to result in a market size of US$ 11.21 billion by the conclusion of 2032.
The demand for IP cameras has witnessed significant growth in previous years, with 770 million cameras in use globally as of 2020. Notably, China emerged as a prominent player in the surveillance industry, boasting the presence of the top 10 surveilled cities. Impressively, approximately 54% of the world’s cameras were installed in China. Among these cities, Taiyuan, the largest in China, led the pack with a staggering 465,255 cameras in operation in 2020.
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Key Takeaways from Market Study
- By technology type for NVR systems, the HD IP sub-segment is expected to remain the most dominant and surpass a valuation of US$ 9.5 Bn by 2032.
- The transportation end-use vertical is projected to account for the highest deployment of NVR systems expanding at a CAGR of 14% through 2032.
- On the basis of camera compatibility, deployment of wired NVR systems is likely to surge 3X in various end-use verticals such as transportation, government, utilities, and commercial.
- On the basis of hard drive, the 2*4 TB sub-segment is likely to witness the highest CAGR of 14%.
- The East Asia region is expected to generate a valuation of more than US$ 3.5 Bn by 2032.
- North America is set to gain 10 BPS from 2022 to 2032.
- Deployment of network video recorders in military/ defence is likely to capture around 10% market share over the assessment period.
Competitive landscape:
Prominent network video recorder manufacturers are Samsung Corporation, Synology, QNAP Security, Zhejiang Dahua Technology Co Ltd, D-Link Corporation, Exacq Technologies, Indigo Vision, Vicon Industries, Inc., Lorex Technology lnc., Viotek, Ganz Security, Genetec Corporation, and Hangzhou Hik-Vision Digital Technology Co Ltd.
To increase the penetration of NVRs across profitable markets, the aforementioned manufacturers have channelized their resources and capital to provide advanced security features in cameras. Furthermore, key players are focusing on organic and inorganic approaches such as collaborations with infrastructure developing firms, security services organizations, military and defense, and police departments across regions.
Competitive pricing will be a crucial strategy for capturing a significant market share over the coming years.
- Dahua Technology released its updated full-color 2.0 network cameras in 2021. These cameras have advanced features such as dual lenses, variable focal length lenses, 4K color images, and AI capabilities.
Fact.MR has provided detailed information about the price points of key manufacturers of network video recorders positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Network Video Recorder Industry Research
· By Channel :
- Low-Mid Range (Under 16 Channels)
- High (17-32 Channels)
- Enterprise (>32 Channels)
· By Hard Drive :
- 1 TB
- 2 TB
- 3 TB
- 2*4 TB
· By Technology :
- HD-IP
- Analog HD
· By Camera Compatibility :
- Wired
- Wireless
· By End-use Industry :
- Military & Defense
- Government
- Healthcare
- Manufacturing/ Industrial
- Transportation
- Commercial
- Utilities
· By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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How will be insights and market estimations provided in the Fact.MR report on the Demand of Network Video Recorder (NVR) make a difference?
- The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
- The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
- The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
- Provides scrutiny of the industry trends that have shaped recent government policies
- Provides an account of major breakthroughs in all segments that might change the course of the market considerably
- Provides an incisive analysis of socio-political milieu in which the key markets operate, and how will that influence the lucrativeness of the overall Network Video Recorder (NVR) Market
- Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
- Evaluates the role of various stages of funding on new growth avenues in key regional markets
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