Surveillance Digital Video Recorder
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Surveillance Digital Video Recorder Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for surveillance digital video recorders has been witnessing robust growth in the past few years. Forecasts suggest that the market will expand from $6.9 billion in 2024 to $7.38 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%. Factors contributing to growth in the historical phase include heightened demand for systems without servers, increasing adoption of IoT-linked surveillance systems, corporate sectors enhancing their security budgets, a surge in SMEs investing in surveillance, and a boom in commercial infrastructure development.
Surveillance Digital Video Recorder Market Size Forecast: What’s the Projected Valuation by 2029?
The market for surveillance digital video recorders is predicted to witness significant expansion in the upcoming years, with an increase to $9.59 billion in 2029 at a 6.8% Compound Annual Growth Rate (CAGR). This projected growth during the forecast period can be associated with growing retail and banking segments, the expansion of the transport and logistics industry, the rise of smart city initiatives, government support for infrastructure safety, and an increase in concerns about residential security. The forecast period also includes major trends such as the adoption of AI-based video analytics, the integration of edge computing into surveillance equipment, advancements in high-definition camera technology, the evolution of hybrid DVR or NVR systems, and improved cybersecurity mechanisms in DVR systems.
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What Are the Drivers Transforming the Surveillance Digital Video Recorder Market?
The expansion of the surveillance digital video recorder market is anticipated to be spurred on by mounting concerns about public safety. When we talk about public safety, we’re looking at how people can be safeguarded from crimes, disasters, and risks to their health and wellness. This escalating worry about public safety arises from an increase in violence, which endangers individual health and underscores the necessity for solid protective measures and robust community support structures. Surveillance digital video recorders contribute to public safety by dependably recording and preserving live footage from public areas, assisting in deterring crime, gathering evidence, and swiftly reacting to security events. For example, the Australian Bureau of Statistics, an Australian government agency, reported in March 2023 that between 2021 and 2022, 31% of women and 42% of men claimed to have been victims of physical violence. Therefore, the surge in public safety concerns is fueling the expansion of the surveillance digital video recorder market.
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What Long-Term Trends Will Define the Future of the Surveillance Digital Video Recorder Market?
Leading enterprises in the surveillance digital video recorder market are placing emphasis on creating cutting-edge solutions like serverless camera systems in an effort to provide superior security through automatic cloud storage and encryption. The serverless camera systems are surveillance measures that function independently from conventional on-site servers, but utilize cloud systems to store, handle, and access recorded video. For example, in June 2023, the South Korea-based firm, Hanwha Vision, introduced a serverless camera system known as SolidEDGE. It incorporates an integrated WAVE VMS server, along with onboard solid-state drive (SSD) storage. As a cloud-based solution, it presents a versatile and cost-effective multipurpose surveillance system for recording, remote surveillance, and local security handling. An exceptional feature of this solution is its operaibility without complex configurations whilst offering two storage variants: the PNV-A6081R-E1T with 1TB and the PNV-A6081R-E2T with 2TB of built-in storage. Every SolidEDGE camera is capable of accommodating up to five more camera connections, enabling six video feeds per system.
Which Segments in the Surveillance Digital Video Recorder Market Offer the Most Profit Potential?
The surveillance digital video recorder market covered in this report is segmented –
1) By Type: Standalone, Digital Video Recorder, PC-Based Digital Video Recorder
2) By Channel Type: 1 Channel, 4 Channels, 8 Channels, 16 Channels, 32 Channels, 64 Channels
3) By Storage Type: Hard Disk Drive, Solid State Drive, Network Attached Storage
4) By Technology: Analog, Digital, Hybrid
5) By Application: Business Security, Home Security, Traffic Monitoring, Retail Loss Prevention, Public Safety, Educational Institutions, Healthcare Facilities, Other Applications
Subsegments:
1) By Standalone: 4-Channel Digital Video Recorder, 8-Channel Digital Video Recorder, 16-Channel Digital Video Recorder, 32-Channel Digital Video Recorder, Hybrid DVR
2) By Digital Video Recorder: Standard Definition Digital Video Recorder, High Definition (HD) Digital Video Recorder, Network Digital Video Recorder, Cloud-Enabled Digital Video Recorder
3) By PC-Based Digital Video Recorder: Windows-Based Digital Video Recorder, Linux-Based Digital Video Recorder, Custom-Built Digital Video Recorder Systems, Multi-Channel Input Digital Video Recorder Systems
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Which Firms Dominate the Surveillance Digital Video Recorder Market by Market Share and Revenue in 2025?
Major companies operating in the surveillance digital video recorder market are Sony Corporation, Honeywell International Inc., Tyco Integrated Security LLC, Hangzhou Hikvision Digital Technology Co. Ltd., Motorola Solutions Inc., Zhejiang Dahua Technology Co. Ltd., Bosch Security Systems GmbH, Axis Communications AB, Teledyne FLIR LLC, ZKTeco Co. Ltd., Genetec Inc., Avigilon Corporation, Kedacom International, Pelco Inc., VIVOTEK Inc., Synology Inc., Eagle Eye Networks Inc., AMAG Technology Inc., IDIS Co. Ltd., Vicon Industries Inc.
Which Regions Offer the Highest Growth Potential in the Surveillance Digital Video Recorder Market?
Asia-Pacific was the largest region in the surveillance digital video recorder market in 2024. The regions covered in the surveillance digital video recorder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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