Cloud DVR Market: Snapshot
A DVR or a digital video recorder is an electronic device that has a digital storage. These devices can digitally record videos and store it. Cloud DVRs can help the user to record their favourite television programs and shows and store them through cloud service. Also, cloud DVRs can be accessed from anywhere and any device. Such factors are helping to increase the popularity of the cloud DVR market.
Some of the key driving factors for the growth of the global cloud DVR market are listed below:
A Digital Video Recorder (DVR) is a consumer electronic device with digital storage and DVRs are used to record videos digitally that get stored in the storage device in DVRs. Cloud DVRs enable the user to records television shows and programs on a cloud server and then makes the recorded content accessible to the user on any other end-user device.
Unlike tradition DVRs, which have the drawback of limited storage and simultaneous recording limit, cloud DVRs offer the user more storage to record more content and allow the user to record television shows at same time as they air. Another main difference between tradition DVRs and cloud DVRs is the absence of tradition physical device. The digital recording capability of a cloud DVR is integrated into the local network or cloud services offered by a service provider.
The main components of cloud DVRs include policy manager, scheduler, record manager, network-based DVRs (nDVR) manager, and other E2E components. The component consisting a video data plane in cloud DVRs processes and delivers the content to be stored with the help of a control plane in cloud DVRs that manages the work flow of video content stored by the device. Cloud DVRs are an integral part and modern form of nDVRs and are gaining more and more popularity among end-users and service providers.
Cloud DVR Market – Notable Developments
Some of the most prominent competitors operating in the competitive landscape of global cloud DVR market include –
Cloud DVR Market Dynamics
Cloud DVR Technologies Proves More Profitable and Cost-effective for Service Providers
Cloud DVR market is growing at a rapid pace with growing awareness about its convenience and cost-efficiency among video subscribers. However, cloud DVR is creating its place among not only end-users or subscribers, but telecom service providers are also turning to cloud DVR to avail its benefits. One of the major advantages of cloud DVR to service providers is that it slashed their set top box (STB) prices to a great extent.
This way, cloud DVR technologies are enabling service providers to plummet their capital expenses on STBs by deploying less expensive dumber boxes or deploying existing digital STBs in home. With a mounting number of service providers turning to the cloud DVR market to capitalize on the profitable opportunities, the cloud DVR market is likely to get highly competitive in the upcoming years.
Consolidation by Multinational Companies Creates Barrier to Entry for Small Businesses and Start-ups in Cloud DVR Market
While the cloud DVR market continues to witness exponential growth, leading players in the cloud DVR market have consolidated their positions in the market with a huge share in the market growth. Furthermore, leading players in the cloud DVR market are adopting inorganic growth strategy by acquiring local vendors and small- and medium-scale service providers in the cloud DVR market. Thereby, this creates major competitive challenges for new entrants in the cloud DVR market.
Ad-skipping and Time Shifting Features of Cloud DVR Continue to Boost Popularity among Subscribers
Another factor to boost popularity of cloud DVR as well as the growth of the cloud DVR market is its unique features such as time shifting and the feature that enables viewers to skip ads. The time shifting feature of cloud DVR technologies enables end-users to watch and record videos at the same time.
Furthermore, ad-skipping feature is another factor that is fetching viewership to cloud DVR services, triggering growth of the cloud DVR market. Recently, Google announced that it has lifted the ad-skipping restriction on most of the 60 channels, excluding The CW CBS Sports Network, and CBS, on YouTube TV. Thereby, as the viewer fast-forward through advertisements during their favorite television show, this feature is expected to trigger revenues in the cloud DVR market in the upcoming years.
Cloud DVR Market – Segmentation
Based on the chipset, the cloud DVR market is segmented into
Based on the platform, the cloud DVR market is segmented into
Based on applications, the cloud DVR market is segmented into
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