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Network Video Recorder (NVR) Market Expected to Gain Popularity across the Globe by 2029
Allied Market Research
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The global network video recorder (NVR) market is dominated by key players such as Axis Communications AB., Tyco International Ltd., Honeywell International Inc., Toshiba India Pvt. Ltd., Tyco Security Products., Panasonic Corporation, grandstreamindia.com, Surveon Technology Inc., Dahua Technology Co., Ltd., and hbgk.net.
A software that records video in a digital format to a USB flash drive, SD memory card, or other mass storage device is termed as Network Video Recorder (NVR). It does not contain any dedicated video capture hardware; however, the software typically runs on a separate device, usually with an embedded operating system. An NVR is deployed in an IP video surveillance system.
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Ease of installation, more robust & safer systems, and data encryption for better protection drive the global network video recorder (NVR) market. However, consumption of large amount of data and possibility of online hacking impede the market growth. Development of cameras with advanced features, such as higher resolution and motion detection, offers a major opportunity for market expansion.
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