Project report for Digital Video Recoder

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In India, Digital video recorder refers technology used for recording audio and video in a digital format within a storage device such as USB flash drive, SD memory card, and any other networked or local mass storage device. It can be used to record television shows, movies, or for video surveillance using IP cameras. Digital video recorder provides high image quality, fast data retrieval, and, recording of different videos from different channels concurrently. It has a rapidly growing market in world wide. A digital video recorder (DVR) is an electronic device that records video in a digital format to a disk drive, USB flash drive, SD memory card, SSD or other local or networked mass storage device. The term includes set-top boxes with direct to disk recording, portable media players and TV gateways with recording capability, and digital camcorders. Personal computers are often connected to video capture devices and used as DVRs; in such cases the application software used to record video is an integral part of the DVR. Many DVRs are classified as consumer electronic devices; such devices may alternatively be referred to as personal video recorders (PVRs), particularly in Canada. Similar small devices with built-in displays and SSD support may be used for professional film or video production, as these recorders often do not have the limitations that built-in recorders in cameras have, offering wider codec support, the removal of recording time limitations and higher bitrates.

Market potential & Strategy

The Digital Video Recorder (DVR) Market is forecast to reach INR 689, 800 Crores by 2025 growing at a CAGR of 28.71% during the forecast period 2020-2025. The growth of Digital Video Recorder Market can be attributed to the rise in adoption of cloud - based DVRs coupled with the growth in demand for HD videos. Increased digitization of television broadcasting along with rise in number of broadcast channels and rise in penetration of smartphones and smart devices will further drive the Digital Video Recorder Market. Moreover, extensively investment in research & development activities to incorporate new technologies is also expected to boost the growth of Digital Video Recorder Market during the forecast period.

Rising adoption of cloud based digital video recorders is expected to propel the growth of DVR market during the forecast period owing to the shift towards cloud - based solutions. Rise in interest to watch content anytime and surge in demand for multi - screen viewing among consumers are key drivers of the cloud based digital video recorder market. Growing popularity of time shifted TV viewing and continued preference for DVRs over Video on Demand (VOD) as the preferred TV time shifting technology is expected to boost the growth of DVR market. Sales of DVRs are increasingly driven by the wider acceptance rate of Multi - room DVRs. Growing trend towards Smart Home and Connected Home is driving the popularity of multi-room DVRs. Bottlenecks in on-site storage drives may pose a challenge to the digital video recorder market.

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