COVID-19 IMPACT SURVEY MAY 2020
Amid the COVID-19 crisis and the looming economic recession, the Digital Video Recorders (DVRs) market worldwide will grow by a projected 328.7 Million Number of Households, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 11.8%. Digital Video Recorders (DVRs), one of the segments analyzed and sized in this study, is forecast to grow at over 11.8% and reach a market size of 608 Million Number of Households by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Digital Video Recorders (DVRs) market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 13.1% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over 12.4 Million Number of Households to the region's size over the next 7 to 8 years. In addition, over 14.8 Million Number of Households worth of projected demand in the region will come from Rest of European markets. In Japan, the Digital Video Recorders (DVRs) segment will reach a market size of 33.6 Million Number of Households by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Digital Video Recorders (DVRs) market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 12.1% over the next couple of years and add approximately 48.4 Million Number of Households in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Digital Video Recorders (DVRs) market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others, Arris Group Inc.; AT&T, Inc.; Broadcom Corporation; Channel Master; Cisco Systems Inc.; Comcast Corporation; Cox Communications Inc.; DISH Network Corporation; Humax Co. Ltd.; Koninklijke Philips N.V.; LG Electronics; Nagravision Sa; Nokia Networks; Panasonic Corp.; Technicolor SA; TiVo Inc.; Verizon Communications Inc.