Market Snapshot:
A voice recorder is fundamentally a handheld device that is used to record sound and voice with better-quality sound recording and playback, with no need for media. The sound file created on the recorder is fixed in a document framework on a removable flash drive or an internal hard drive that can be moved to a PC for interpretation, sound-altering, or playback. The sound files are taken in the WMA, WAV, DSS, DS2, and MP3 groups. Every record offers an alternating sort of compacted sound document which can manipulate sound quality, inspecting rates, and the ability to change the documents. The exponential growth of the entertainment industry, higher penetration of reporters, and the use of such devices in the field of education for online tutorials are anticipated to fuel the growth of the voice recorder market. However, few of the electronic appliances such as the smartphone which is able to record voices are projected to hamper the growth of the voice recorder market.
Segment Analysis
AMA Research have segmented the market of Global Voice Recorder market by Type, Application and Region. On the basis of Type, Digital Voice Recorder are dominating the market in the year 2020
On the basis of geography, the market of Voice Recorder 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).
Market Drivers
Exponential Growth of the Entertainment Industry, Rising Investment from Vendors and Growing Penetration of Telecom Networks
Opportunities
Developments in the Telecom Sector
Restraints
- Growing Use of Smartphones which are Capable of Recording
In addition to the aforementioned factor, Exponential Growth of the Entertainment Industry
is expected to propel the growth of the market over the forecast period.
The key Vendors profiled in the study are Sony Corporation (Japan), Koninklijke Philips N.V. (Netherlands), Samsung Electronics Co., Ltd. (South Korea), Olympus Corporation (Japan), Hyundai Digital Tech Co. Ltd. (South Korea), Shenzhen Hnsat Industrial Co., Ltd. (China), Noel Leeming Group Limited (New Zealand), ZOOM CORPORATION (Japan), Roland Corporation (Japan) and TASCAM (United States). A lot of Japanese, Chinese and South Korean players are profiled in the research study indicating a strong market dependence.