LONDON — (BUSINESS WIRE) — March 14, 2016 — Technavio has announced the top six leading vendors in their recent global digital video recorder (DVR) market report. This research report also lists 11 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
The global DVR market is highly competitive due to the presence of multiple vendors. Intense competition, rapid advances in technology, and frequent changes in consumer preferences present significant risk to vendors. Vendors compete on grounds such as performance, innovation, product features, quality, selling price, distribution, and financial stability. This competition is expected to intensify during the forecast period with an increase in product extensions.
According to Soumya Mutsuddi, a lead analyst at Technavio for consumer electronics research, “Vendors are also investing in designing, planning, developing, branding, expanding existing facilities, as well as acquiring new players in the market. Technological innovations and creativity play a significant role in driving market growth, as well. Therefore, to remain competitive in the market, vendors must develop new ideas and technologies and stay up-to-date with the emerging technologies that could influence their service lines.”
Top six digital video recorder market vendors
Cisco
Cisco Systems is a US-based technology company that designs, manufactures, and sells networking equipment. Some of the major products of Cisco include remote access servers, IP telephony equipment, optical networking components, Internet conferencing systems, and network service and security systems. The company was founded in 1984 and is headquartered in California, US.
DIRECTV
DIRECTV is a digital TV entertainment company offering DTH services in North America and Latin America. The company hosts more than 195 HD channels and offers various packages catering to the needs and budgets of viewers. The company was founded in 1985 and is headquartered in California, US.
In FY2014, the company reported revenue of USD 33.26 billion. At the end of FY2014, the company held more than 2,300 issued patents worldwide. It also has a global portfolio of 1,800 trademarks.
LG
LG is a global provider of CE goods, home appliances, and mobile devices. The company sells DVRs under its home entertainment sub-segment. Other products under this sub-segment include TV, audio-video devices, security devices, and PCs. The company was founded in 1958 and was known as GoldStar until 1995, when it was rebranded. LG is headquartered in Seoul, South Korea.
Key highlights:
March 9, 2015: United Nation's Framework Convention on Climate Change recognizes LG for its emission reduction efforts and it becomes the first to receive certified emission reduction (CER) credits in the appliance industry
February 25, 2015: Trust Research Advisory recognizes LG as the India's most trusted brand in 2015
Panasonic
Panasonic is a global provider of electric and electronic products. The company has a large product portfolio and sells its products under the Panasonic brand. TV, disc players, DVRs, home theaters, digital cameras, and mobile phones are some of the major products under its entertainment segment. The company was founded in 1918 as Matsushita Electric and was rebranded in 2008. Panasonic is headquartered in Kadoma, Japan.
The company provides multiple business solutions such as communication solutions, recording media, security systems, professional audio/video, document and imaging solutions, IT solutions, and terminal solutions. It has a strong market presence in North America, Latin America, EMEA, China, and Oceania.
Samsung Electronics
Samsung Electronics is a global provider of audio systems such as home theaters, DVD players, Bluetooth speakers, and Blu-ray players. The company has a sales network across more than 80 countries with nearly 310,000 employees across the globe. The company was founded in 1938 and is headquartered in Suwon, South Korea.
The company operates 158 subsidiaries across the world and employed over 96,500 people as of December 31, 2014. The company generated revenue of USD 185.5 billion in FY2014.
TiVo
TiVo is an American corporation that develops and provides software and technology that enables the search, navigation, and access of content across linear television, on-demand television, and broadband video. The company provides these facilities through STBs that include DVRs, tablet computers, mobile phones, and other screens. The company was founded in 1997 and is headquartered in California, US.
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