Cloud DVR i.e. Cloud Digital Video Recorder works like Video Cassette Recorders (VCR), which records videos in the form digital signals to the hard drives. The conventional DVRs use the local hard drives to store the video files in digital formats. In case of cloud DVR, the recorded videos are stored on the centralised cloud storages, which can be accessed whenever the user requires, irrespective of time and place or devices in which the user wants to run those video files. Cloud DVRs are majorly used in storing TV shows and videos in the service provider's data centre rather than storing them on local drives such as DVRs/set-top boxes. Conventional DVRs have many pitfalls such as storage limit and simultaneous video saving & broadcasting limits, which depends on the number of tuners used. For example, if the conventional DVR possess two tuners, then only single show can be watched while another has to be recorded. On the other hand, Cloud digital video recorder enables customers to store maximum content and save number of other shows that was being broadcasted at the same time.The research analyst at AMA estimates Cloud DVR market to grow at a compounded annual growth rate of 24.25%
AMA Research have segmented the market of Global Cloud DVR market by Type, Application and Region. On the basis of Type, IPTV are dominating the market in the year 2020 where as Hybrid stood as second largest market share.
On the basis of geography, the market of Cloud DVR has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Time Shifting as Well as Ad-Skipping Benefits and Advent of Technologically Innovative Devices
Growth in Digitization of Television Network and The Shift to on-Demand Viewing
Easier to Inspect and Analyze Consumption Cycle and Increasing Number of Cloud DVR Subscribers
- Operational Complexity
- Stringent Legal issues
In addition to the aforementioned factor, Growth in Digitization of Television Network
is expected to propel the growth of the market over the forecast period.
The key Vendors profiled in the study are Ericsson (Sweden), Concurrent (United States), Nokia (Finland), Cisco Systems (United States), Imagine Communication (United States), Arris International (United States), Hansun Technologies, Huawei (China), ADB Limited (United Kingdom) and COMCAST (United States). A lot of United States players are profiled in the research study indicating a strong market dependence.