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Digital voice recorder market to grow faster by 2023 according to new research report

Latest Published report by Genesis Market Insights Digital Voice Recorder Market. This Digital Voice Recorder Market report can be considered increasing the market growth factors. Reports in detail analysis fulfill the client requirements and can provide end to end industry information. The report is best to make the business stronger and beneficial for future references. Digital Voice Recorder Market Report includes Product Analysis, Regional Analysis, Global Scope, Key Findings and others.

GLOBAL DIGITAL VOICE RECORDER MARKET was valued at USD 1.21 Billion for the year 2017. Digital Voice Recorder Market is further expected to grow at a CAGR of 11.1% from 2018 to reach USD 2.39 Billion by the year 2023.

North America region holds the highest market share in 2017. While Asia Pacific region is considered as the fastest growing market in the forecasted period.

The U.S. is the major market in 2017 at country level and it is further anticipated to grow at a steady pace in the next 5 years.

Olympus Corporation (Japan), Sony Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), Panasonic Corporation (Japan), Zoom Corporation (Japan) are some of the top producers in the Digital Voice Recorder Market with Zoom Corporation holding a substantial market share in 2017.

Better global reach, both at production and at an operational level is the main reason for holding this market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

Report: goo.gl/9Y51Uu

Drivers:

             Rising investments from vendors

Restraints:

             Use of smartphones which are capable of recording

Opportunities:

             Developments in the telecom sector

Challenges:

             XX

The USB segment is expected to hold the highest market share during the forecast period.

On the other hand, the Commercial segment is expected to grow at the highest CAGR of X.X% during the forecasted period. Thus, Digital Voice Recorder Market has a solid growth potential in developing and developed countries across the globe.

Report: goo.gl/EDh1Ck

Key Benefits for Stakeholders

Digital Voice Recorder Manufacturers, Distributors and Retailers

Research and Consulting organization

Government bodies

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policymakers, and consumers.

By Recorder Components

Infrared

SD Card

Bluetooth

USB

Others

By End-User

Commercial

Residential

By Battery Type

Lithium Ion

Rechargeable

Double-A

Triple-A

By Region

North America

Europe

Asia-Pacific

ROW

Key Market Players

Olympus Corporation

Sony Corporation

Samsung Electronics Co., Ltd.

Panasonic Corporation

Zoom Corporation

Hyundai Digital Tech Co. Ltd.

Royal Philips NV

Hyundai Digital

Shenzhen Evistr Technology Co. Ltd.

Noel Leeming Group Limited

TASCAM

Roland Corporation

Read Report Overview with Full TOC at goo.gl/fk69V1

News From

Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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