Market Overview:
The Global Digital Voice Recorder Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for digital voice recorders in various applications such as lawyers, journalists, commercial & office and others. Additionally, the rising trend of BYOD (Bring Your Own Device) is also propelling the growth of this market. However, lack of awareness about digital voice recorders among end-users may restrain the market growth during the forecast period. On basis of type, general digital voice recorder held a major share in 2017 and is expected to maintain its dominance throughout the forecast period. This can be attributed to its low cost and easy-to-use features which make it suitable for various applications such as personal use or business meetings etcetera . On basis of application, law firms are anticipated to witness highest CAGR during 2018–2030 owing to increase in number lawsuits across different regions globally . Regionally North America accounted for largest share in 2017 followed by Europe due high adoption rate among professionals working in corporate sector whereas Asia Pacific region is projected exhibit highest CAGR over next 10 years owing growing demand from small & medium businesses coupled with rising disposable income levels In terms of value ,the global digital voice recorder market was estimated at US$ 2 Bn in 2017.
Product Definition:
A digital voice recorder is a device that records sound in digital form. This means that the recorded audio is converted into binary code, which can be stored and played back on a computer or other electronic device. Digital voice recorders are often used for recording meetings, lectures, interviews, and other important conversations. They can also be used to capture sound effects or instrumental music tracks.
General Digital Voice Recorder:
The global general digital voice recorder market is expected to grow at a CAGR of XX% from 2016 to 2024. The growth can be attributed to the increasing demand for digital voice recorders in various sectors such as law enforcement, healthcare, and business enterprises.
Video Digital Voice Recorder:
Video digital voice recorder (DVR) is a device that enables users to record video and audio from an external or internal source. The DVR can be connected to television sets, computers, VCRs/DVD players, camcorders or smartphones. It has the ability to digitize both still images and videos from analog as well as digital sources such as DVD player or computer hard drive.
Application Insights:
The journalists and the media application segment led the global market in 2017. The growth of this segment is attributed to the increasing use of digital voice recorders by reporters for recording interviews with prominent personalities, politicians, or other authority figures. Moreover, a large number of news agencies have started using digital voice recorders for their work as it helps them in covering stories that require detailed information repeatedly.
The lawyer application segment is expected to witness significant growth over the forecast period owing to its wide-spread adoption during trials and legal proceedings. A lawyer can use a digital voice recorder app on his/her phone or tablet PC while attending court hearings or conducting interviews with witnesses/victims regarding sensitive issues related to trial procedures and evidence collection & preservation etc., which help him/her prepare better for trial hearings & arguments etc., leading to an increase in demand from this sector over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of key players such as Tritium XXXXXXX, Inc.; Shure; and Sennheiser Electronic GmbH & Co. In addition, increasing demand for digital voice recorders in law enforcement agencies is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising government initiatives pertaining to recording statements by lawyers in courts using these devices.
Growth Factors:
- Increasing demand for voice recording applications in various industries
- Proliferation of smartphones and tablets, which are equipped with digital voice recorder apps
- Growing trend of BYOD (Bring Your Own Device) in workplaces
- Rising popularity of cloud-based storage services for data backup and sharing purposes
- Advent of new technologies such as 4G LTE that facilitate high-quality audio recordings
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Voice Recorder Market Research Report
By Type
General Digital Voice Recorder, Video Digital Voice Recorder
By Application
Lawyer, Journalists, Commercial & Office, Other
By Companies
Sony, Philips, Olympus, SAFA, Hyundai Digital, Cenlux, Aigo, Jingwah Digital, Vaso, Hnsat
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Digital Voice Recorder Market Report Segments:
The global Digital Voice Recorder market is segmented on the basis of:
Types
General Digital Voice Recorder, Video Digital Voice Recorder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Lawyer, Journalists, Commercial & Office, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sony
- Philips
- Olympus
- SAFA
- Hyundai Digital
- Cenlux
- Aigo
- Jingwah Digital
- Vaso
- Hnsat
Highlights of The Digital Voice Recorder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- General Digital Voice Recorder
- Video Digital Voice Recorder
- By Application:
- Lawyer
- Journalists
- Commercial & Office
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digital Voice Recorder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A digital voice recorder is a small device that can be used to record audio. It typically has a built-in microphone and can be connected to a computer or other electronic device to capture audio.
Some of the key players operating in the digital voice recorder market are Sony, Philips, Olympus, SAFA, Hyundai Digital, Cenlux, Aigo, Jingwah Digital, Vaso, Hnsat.
The digital voice recorder market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Digital Voice Recorder Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Digital Voice Recorder Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Digital Voice Recorder Market - Supply Chain
4.5. Global Digital Voice Recorder Market Forecast
4.5.1. Digital Voice Recorder Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Digital Voice Recorder Market Size (000 Units) and Y-o-Y Growth
4.5.3. Digital Voice Recorder Market Absolute $ Opportunity
5. Global Digital Voice Recorder Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Digital Voice Recorder Market Size and Volume Forecast by Type
5.3.1. General Digital Voice Recorder
5.3.2. Video Digital Voice Recorder
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Digital Voice Recorder Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Digital Voice Recorder Market Size and Volume Forecast by Application
6.3.1. Lawyer
6.3.2. Journalists
6.3.3. Commercial & Office
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Digital Voice Recorder Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Digital Voice Recorder Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Digital Voice Recorder Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Digital Voice Recorder Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Digital Voice Recorder Demand Share Forecast, 2019-2026
9. North America Digital Voice Recorder Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Digital Voice Recorder Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Digital Voice Recorder Market Size and Volume Forecast by Application
9.4.1. Lawyer
9.4.2. Journalists
9.4.3. Commercial & Office
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Digital Voice Recorder Market Size and Volume Forecast by Type
9.7.1. General Digital Voice Recorder
9.7.2. Video Digital Voice Recorder
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Digital Voice Recorder Demand Share Forecast, 2019-2026
10. Latin America Digital Voice Recorder Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Digital Voice Recorder Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Digital Voice Recorder Market Size and Volume Forecast by Application
10.4.1. Lawyer
10.4.2. Journalists
10.4.3. Commercial & Office
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Digital Voice Recorder Market Size and Volume Forecast by Type
10.7.1. General Digital Voice Recorder
10.7.2. Video Digital Voice Recorder
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Digital Voice Recorder Demand Share Forecast, 2019-2026
11. Europe Digital Voice Recorder Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Digital Voice Recorder Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Digital Voice Recorder Market Size and Volume Forecast by Application
11.4.1. Lawyer
11.4.2. Journalists
11.4.3. Commercial & Office
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Digital Voice Recorder Market Size and Volume Forecast by Type
11.7.1. General Digital Voice Recorder
11.7.2. Video Digital Voice Recorder
11.8. Bass Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Digital Voice Recorder Demand Share, 2019-2026
12. Asia Pacific Digital Voice Recorder Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Digital Voice Recorder Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Digital Voice Recorder Market Size and Volume Forecast by Application
12.4.1. Lawyer
12.4.2. Journalists
12.4.3. Commercial & Office
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Digital Voice Recorder Market Size and Volume Forecast by Type
12.7.1. General Digital Voice Recorder
12.7.2. Video Digital Voice Recorder
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Digital Voice Recorder Demand Share, 2019-2026
13. Middle East & Africa Digital Voice Recorder Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Digital Voice Recorder Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Digital Voice Recorder Market Size and Volume Forecast by Application
13.4.1. Lawyer
13.4.2. Journalists
13.4.3. Commercial & Office
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Digital Voice Recorder Market Size and Volume Forecast by Type
13.7.1. General Digital Voice Recorder
13.7.2. Video Digital Voice Recorder
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Digital Voice Recorder Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Digital Voice Recorder Market: Market Share Analysis
14.2. Digital Voice Recorder Distributors and Customers
14.3. Digital Voice Recorder Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sony
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Philips
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Olympus
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SAFA
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hyundai Digital
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cenlux
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Aigo
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Jingwah Digital
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Vaso
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hnsat
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
