LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global network video recorders (NVR) server market is expected to grow at a CAGR of close to 15% during the forecast period.
This research report titled ‘Global NVR Server Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
The market research analysis categorizes the global NVR server market into the following type of end-user segments:
- Government
- Industrial
- Residential
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Government
To safeguard the security of people in public places and to maintain border security, the government and institutional users are increasingly adopting video surveillance solutions. The surveillance of highways, streets, bridges, stadiums, parks, educational buildings, religious buildings, government buildings, embassies, airports, railway stations, and bus stops is done using video surveillance solutions. These solutions are necessary for the government to increase the security of people.
According to Chetan Mohan, a lead analyst at Technavio for data center research, “One of the major drivers for the NVR server market is the installation of video surveillance systems in strategic locations such as airports, railway stations, and bus stops. This assists the government to curb terrorism. Internet infrastructure will improve due to the adoption of smart city concepts, which will have a major impact on the implementation of NVR servers. A city whose infrastructure has been equipped with various information and communication technologies is called a smart city. The development of smart cities has become the focus of several countries.”
Industrial
The adoption of NVR servers is assisted by the installation of video surveillance systems by industrial users at locations under their control. For the prevention of any unwanted incidents, these systems are installed in locations such as offices and lodgings. In retail stores, to prevent theft and monitor the activities of people, video surveillance systems are used.
“Video surveillance systems are also used to enhance the security in hospitals. In operation theaters, IP cameras and NVR servers are used to capture the whole procedure. These videos are used for the performance evaluation of a doctor or for a peer review by clinic heads. Additionally, to monitor operations in warehouses and industrial buildings, video surveillance systems are used,” says Chetan.
Residential
The growing need to prevent unauthorized access has paved the way for adoption of video surveillance solutions by residential users. Several residents are installing video surveillance systems because of the increasing number of crimes. The cost of NVR servers is high for residential users and there is limited space for installation in residences. These factors have led residential users to contribute only a small chunk of the total market share. Due to the high prices of the systems and a lack of awareness among consumers, the adoption of security solutions in residences is currently low. During the forecast period, there will be an increase in the adoption of video surveillance systems as the necessity for secure, comfortable, and convenient lifestyles is increasing.
The top vendors highlighted by Technavio’s market research analysts in this report are:
- Axis Communications
- Bosch security systems
- Hangzhou Hikvision Digital Technology
- Honeywell Security
- Tyco
Browse Related Reports:
- Global Microserver Market 2017-2021
- Global High-availability Server Market 2017-2021
- Global Hyperscale Data Center Market 2017-2021
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
