What is Network Video Recorder Software Market?
Network video recorder is a computer system which consists of software that records video in digital format and stores in disk drives, USB flash drive, SD memory cord and mass storage devices. However, it does not contain any dedicated video capture hardware. Network video recorder software uses open IP standards to facilitate connectivity, compatibility and flexibility. It is an IP connected device that aggregates IP cameras. Further, the interface in connected through web as the person can view, manipulate and manage video in any connected device such as cell phones, desktop computers, wireless PDA and Others.
The market study is being classified by Type (PC-based and Embedded), by Application (Residential, Commercial and Industrial) and major geographies with country level break-up.
Honeywell International Inc. (United States), Samsung (South Korea), Panasonic Corporation (Japan), Toshiba (Japan), Axis Communications AB (Sweden), Tyco International Ltd. (Ireland), CP Plus (India), Dahua Technology Co. Ltd. (China), Surveon Technology Inc. (Taiwan) and Grand stream India (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are HBGK (China) and Dahua Technology Co., Ltd. (China).
The market of Network video recorder software market is Concentrated as it consists of major players. They are looking for new product launch or expansion to gain competitive advantage in upcoming years. Research Analyst at AMA predicts that Japan Players will contribute to the maximum growth of Global Network Video Recorder Software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Network Video Recorder Software market by Type, Application and Region.
On the basis of geography, the market of Network Video Recorder Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Benefits Such as Improved Security, Greater Flexibility, and Others are fueling the Market Growth
- Increasing Need of Local Network Storage for Digital Videos
Market Trend
- Increasing Adoption of New Technologies
Restraints
- High Costs Associated with Hardware in Network Video Recorder
- Availability of free software
Opportunities
- Wide Range of Applications Such as Monitoring Manufacturing Processes, Patient Health in Hospital, And Streaming Live Events
- Increasing Concerns for Security of Life and Assets is Boosting the Market
- COVID 19 Pandemic has increased the Risk of Cyber Security which is Boosting the Market of Network Video Recorder Software
Challenges
- Unreliable Storage Capacity and Poor Image Quality
Market Leaders and some development strategies
On 13th January 2020, Samsung electronics has acquired Teleworld solutions which is a telecommunications company and [provides strategic wireless engineering and consultancy services
Key Target Audience
Software developers, Government associations, Research organizations, Enterprise software vendors and Others