Network Video Recorder Devices Market: Introduction
Network video recorder devices are the devices which enables the user to control, record and view the videos from internet protocol camera which uses IP network. Network video recorder devices transmits compressed video and capture images over internet protocol network which can be sourced to multiple encoders and cameras.
Network video recorder devices are completely different from digital video recorder in terms of functionality as their input source is from the network rather than tuner or a video capture card. Network video recorder devices has the additional process other than encoding and processing i.e. further compression or tagging with meta data to stream the video on the network through the IP network.
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Network Video Recorder Devices Market – Dynamics
Increasing Applicability of Local Network Storage
To improve the flexibility and scalability of the media storage the trend is shifting towards rapid adoption of local network for the storage purpose. In local network the media is being directly stored as well as extracted from the network which eliminate the problem of limited data storage. This high rate of adoption of local network is also boosting the demand for the network video recorder device which directly stores as well as source the video through the internet protocol network.
High Cost of Implementation and Maintenance
The cost of implementation and maintenance of the system which include network video recording device is comparatively high rather than other media devices as these devices works on network which uses the wireless technology to transfer the data. The implementation cost of the devices is high as it needs a centralized monitoring or controlling system which can handle multiple wired as well as wireless devices. Whole infrastructure implementation costs more which is restraining network video recorder device market.
Increasing Need for the Security
The focus on the security has been increased by the individual across the globe specifically in the commercial segment. For the security nowadays there has been increased adoption of IP cameras which has the ability to stream on the network without storing the video on the device. These IP cameras are a kind of network video recorder devices which are being used generally in the residential as well as commercial segments. The increased focus on the security is increasing the demand for the network video recorder devices.
North America Expected to Dominate the Market in Terms of Market Size
In terms of region, the global network video recorder devices market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the market because the region has the highest number of smart homes as well as the adoption rate of the local network is very high if compared from the other regions.
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Network Video Recorder Devices Market –Competitive Landscape
- In October 2018, a new and more powerful Network Video Recorder (NVR) has been introduced by Johnson Controls. The new product will enable the foundation for self-training analytics and, eventually, artificial intelligence
- In March 2018, VideoEdge network video recording platform of Johnson Controls has announced that this product will be the first product to be officially certified as meeting the highest level of third-party cybersecurity standards from UL (Underwriters Laboratories).
Axis Communications AB
Established in 1984, Axis Communications AB is headquartered in Lund, Sweden. The company focuses on providing network solutions to improve security as well as the flexibility. The company provides network cameras, video encoders, network video recorders, network audio systems, accessories, system devices and many more. The company provides various devices under network video recorder such as AXIS Camera Station S11 Recorder Series, AXIS Camera Station S22 Appliance Series etc.
Honeywell International Inc
Founded in 1906, Honeywell International Inc is based in Charlotte, North Carolina, United States. The company is focused towards manufacturing of security and automation solutions for residential and commercial applications. Within the integrated security the company provides security management systems, vindicator technologies, visitor management systems, intelligent controllers, digital video/ radar solutions, readers, credentials, printers. Some of the products such as equIP Cameras, 30 Series IP Cameras, Performance Series IP Cameras and many more comes under network video recorder devices.
Tyco Integrated Security
Established in 1874, Tyco Integrated Security is headquartered in Boca Raton, Florida, United States. The company initially started the business from North America in commercial security market. The company is leading commercial security systems integrator, providing security and business intelligence solutions to more than 500,000 customers.
Devices Market: Segmentation
The global network video recorder devices market can be segmented based on:
- Installation Type
Network Video Recorder Devices Market Segmentation, by Installation Type
Based on installation type, the network video recorder devices market can be divided into:
- System Based
Network Video Recorder Devices Market Segmentation, by Application
In terms of Application, the network video recorder devices market can be bifurcated into:
- Small and Medium Scale
- Large Scale
Network Video Recorder Devices Market Segmentation, by Industry
Depending on Industry, the network video recorder devices market can be classified into:
- Banking Financial Services and Insurance
- Military and Defense
The report on the network video recorder devices market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The network video recorder devices market report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on the network video recorder devices market segments and geographies.
Regional analysis of the network video recorder devices market includes:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
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