The global network video recorder (NVR) market, estimated at $3.3 billion in 2022, is expected to increase at a compound annual growth rate (CAGR) of 13.3% to $11.2 billion by the end of 2032, according to Fact.MR, a market research firm.
Demand for NVRs is anticipated to increase due to the rising infrastructure and increased deployment of integrated network-based video surveillance systems over the coming years. Most of IP camera-enabled NVR systems have a life span of 8 to 10 years and offer advanced audio and video surveillance capabilities.