Cloud DVR Market Worth USD 6.35 Billion by 2024 | Technavio
The cloud DVR market is expected to grow by USD 6.35 billion, decelerating at a CAGR of almost 21% during the forecast period.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201120005234/en/
Technavio has announced its latest market research report titled Global Cloud DVR Market 2020-2024 (Graphic: Business Wire)
The increasing digitization of television networks is one of the major factors propelling market growth. However, factors such as storage limitation will hamper the market growth.
Cloud DVR Market: Platform Landscape
Hybrid cloud DVR refers to a combination of satellite and IPTV DVRs. Hybrid cloud DVRs support both normal satellite input and the signal transmitted through the internet. This segment is gaining traction in the global cloud DVR market, through which one can access the internet, store publish-on-demand (POD) content and can get access to over-the-top (OTT) services. The rapid growth of the market by hybrid cloud DVR is further supported by the need to spend time with family in the current fast-paced world.
Cloud DVR Market: Geographic Landscape
APAC will offer several growth opportunities to market vendors during the forecast period. Growing awareness about the latest technology trends like cloud DVR and rising disposable income among the middle-class population will significantly drive cloud DVR market growth in this region over the forecast period. 54% of the market's growth will originate from APAC during the forecast period. Japan is a key market for cloud DVR in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Related Reports on Information Technology Include:
Global Private Cloud Services Market: The private cloud services market size has the potential to grow by $70.55 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth. To get extensive research insights: Click and Get FREE Sample Report in Minutes!
Global Cloud Backup and Recovery Market: The cloud backup and recovery market size has the potential to grow by USD 11.36 billion during 2020-2024, and the market's growth momentum will decelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!
What our reports offer:
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Key Topics Covered:
Five Forces Analysis
Market Segmentation by Platform
Market Segmentation by Chipset
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 17,000 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.