Network Video Recorder (NVR) Market

Network Video Recorder (NVR) Market Outlook (2022-2032)

The global network video recorder (NVR) market has reached a valuation of US$ 3.26 billion in 2022 and is anticipated to expand at a high CAGR of 13.3% to bloat to a market size of US$ 11.21 billion by the end of 2032.

Sales of network video recorders accounted for 5.5% share of the global video surveillance systems market at the end of 2021.

Report Attributes	Details
Network Video Recorder Market Size (2021A)	US$ 2.9 Billion
Estimated Market Value (2022E)	US$ 3.26 Billion
Forecasted Market Value (2032F)	US$ 11.21 Billion
Global Market Growth Rate (2022-2032)	13.3% CAGR
North America Growth Rate (2022)	21.1%
North America Market Value (2022)	US$ 690 million
Europe Market Growth Rate (2022)	23.9% CAGR
Europe Market Value (2022)	US$ 781million
China Market Growth Rate (2022)	39.6% CAGR
China Market Value (2022)	US$ 560 million
Market Share of Top 3 Companies	~39.6%
Key Companies Profiled	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 Hangzhou Hik-Vision Digital Technology Co Ltd

Sales Analysis of Network Video Recorders (2017-2021) Vs. Market Projections (2022-2032)

The consignments of IP cameras observed decent demand growth during the historical years. In 2020, the industry saw 770 million cameras in use. China was home to the top 10 surveilled cities and 54% of cameras in the world are installed in the country.

Taiyuan, the largest city in China, took the top spot with 465,255 cameras in 2020 A roadmap for network video recorder suppliers becomes more important as new mass markets have emerged and unit demand rises rapidly. Increasing demand for IP cameras will provide the chance for manufacturers to increase their production of NVRs across regions.

Growth in the population is the foremost reason generating high demand for traffic surveillance and control systems. Video service utilization will help traffic management reduce road mishaps across the world.

• Short Term (2022 Q2 to 2025): Growing IP camera market will positively impact NVR market growth over the decade.
• Medium Term (2025-2028): North America and China expected to enjoy higher sales of NVRs due to rising penetration of security surveillance.
• Long Term (2028-2032): Integration of advanced technologies in security surveillance will open up new opportunities for network video recorder manufacturers.

From 2017 to 2021, the global market for network video recorders registered a CAGR of 7.8%. Fact.MR, a market research and competitive intelligence provider, predicts that the market will expand faster at 13.3% CAGR between 2022 and 2032.

Market share analysis of network video recorders based on channel and region. Under the channel segment, the enterprise (>32 channels) sub-segment dominates with 48.5% market share in 2022.

Why are We Seeing Increased Installation of Network Video Recorders?

“Emerging Technologies for Network Video Recorders Paving Way for High Market Growth”

During the forecast period, increasing retail sector operations is expected to lend a positive outlook for NVR systems globally. High-tech video surveillance system utilization in showrooms and retail stores is expected to increase the demand for NVRs.

The emergence of technology in network video recorders has replaced conventional DVRs for surveillance and is anticipated to provide long-term benefits to NVR manufacturers. The deployment of NVR systems addresses the issue of image quality, resolution, and night footage quality. Moreover, NVR systems have a higher lifespan of 8 to 10 years as compared to conventional DVR technology.

Furthermore, infrastructural development and smart cities are expected to drive the global target market. High investments by governments in the development of infrastructural projects are likely to provide lucrative opportunities to market players over the coming years.

• For instance, the Kingdom of Saudi Arabia invested US$ 1 trillion in construction and real estate to accomplish the goal of Saudi Arabia’s 2030 vision.

As such, rising construction projects will act as a driver for network video recorder installation.

“Rising Demand for Traffic Surveillance & Control Systems”

Population growth is an important reason for generating significant demand for traffic surveillance and control systems.

• According to the United Nations, the world’s population is expected to surpass the 8 billion mark by 2040.

Economies with high demographic growth and rising urbanization are driving the demand for traffic management and road safety surveillance.

The utilization of advanced surveillance systems will aid traffic management along with reducing road mishaps across the world. The intensifying road traffic, due to the large population, generates a considerable need for NVR systems.

Owing to this, demand for network video recorders is expected to rise in traffic surveillance data centers to increase traffic surveillance security. Also, smart cities are creating the stage for higher installation of network video recorders.

Which Factors are Pulling Back Market Growth?

“High Pricing & Installation Cost of NVR Systems to Stunt Product Uptake”

The high cost associated with network video recorders system is likely to drag demand down in residential and commercial applications. This high-cost factor is anticipated to provide an opportunity for the utilization of substitute products such as DVRs and other systems.

Increasing cybercrime activities will also hinder the demand for the product. NVR applications in military and defense and other government organizations play a crucial role in market growth. Data captured in these applications are crucial, and if leaked, can have adverse consequences for national security and emergencies. This could also be a restraining factor for the product due to the reduced trust of users.

Country-wise Insights

Why Does China Account for a Significant Market Share in East Asia?

China is one of the leading manufacturers and sees significant domestic consumption of NVR systems. According to the report, China accounted for 54% market share in the Global CCTV surveillance market in 2020. Taiyuan had the most installed cameras in 2020 with 465,255 NVRs in the city. A surge in urbanization and industrialization has been observed, which will increase the demand for NVRs over the coming years.

The China network video operator market is expected to reach US$ 2.37 billion by 2032. Furthermore, China is forecasted to capture a market share of more than 70% in the East Asia region.

Will the United States Be a Lucrative Market for NVR Manufacturers?

Year-on-year growth for the shipments of NVRs in the U.S. is expected to be 10% in 2022. In 2021, around 270,000 cameras were installed in the U.S. to monitor 44.2 million of the population. Chicago has the highest number of CCTVs at 32,000 while Atlanta is the most surveilled city.

Demand for CCTV cameras in the United States is expected to exhibit a CAGR of 12% through 2032. These factors will enable the growth of the network video recorder (NVR) market in the long-term period and offer an absolute dollar opportunity worth US$ 1.93 billion through 2032.

Category-wise Insights

Why are Wired Cameras Bring in High Revenue Streams for Network Video Operators?

Wireless cameras with NVR systems allow easy access to long-distance footage, which covers a range of 500 feet or more. However, wireless cameras are less economical, and to install these devices, they need to be within the Wi-Fi range. As such, the installation of wireless cameras is less preferable as compared to wired cameras in homes. Wired cameras are more economical, provide more reliable signals, and do not require any monthly fee for cloud storage.

The cost benefit associated with wired cameras is more likely to be preferred by households and small stores. As such, the wired cameras sub-segment is predicted to expand 3.4X by the end of 2032.

Will the Government Sector Continue Accounting for Highest Product Installations?

The benefits of network video recorders such as better vision, low maintenance cost, and coverage of large areas are likely to increase product demand. The surge in advanced security camera surveillance systems in government organizations such as defense and the military is driving the production of NVRs to protect nations in case of emergencies.

Security cameras also reduce the cost of hiring additional security personnel. In other words, NVRs are always functional in the absence of employees in an organization and maintain the privacy and security of documents without security personnel.

As a result, the government segment is expected to exhibit growth at 12.1% CAGR during the forecast years.

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