Video Event Data Recorder Market

Even though the global market for video event data recorders is still young, it is at a turning point. With new technologies including web conferencing, teleradiology, and video conferencing, it is possible for companies to capture and distribute data from a web conference. A video event data recorder may be used for training and instructional reasons among many other corporate applications. However, there are also many business applications for this technology that can be applied to customer relationship management. Video analytics can be applied to pre-event planning and execution, which includes both the planning and execution of events. For example, a transportation management company may utilize video event data recorder systems to pre-determine traffic jams in advance, identify the areas of congestion, and determine which routes are the most efficient for reducing traffic.

Market Dynamics:                                             

Lucrative insurance policies and programs for vehicles is expected to propel the global video event data recorder market growth over the forecast period. Since the demand for connected cars has increased significantly, many organizations including insurance companies, auto OEMs, and services providers are focused on working together on the same platform. Numerous custom-made products and services are being introduced by insurance companies for consumers. Additionally, these value-added services are being offered in conjunction with vehicle OEMs by insurance companies, which will speed up the claims process. Such factors would encourage customers to deploy VEDRs to understand the details of an accident or any dispute.

Detailed data capture capabilities of VEDRs are expected to boost the global video event data recorder market growth over the forecast period. VEDRs can capture minute details of an event and hence they are preferred by public transport vehicles. Furthermore, VEDRs can record exterior as well as interior events along with every detail. Hence, such factors can further support the market growth.

Key features of the study:

• This report provides an in-depth analysis of the global video event data recorder market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global video event data recorder market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• The key companies involved in the global video event data recorder market are Digital Ally Inc., L-3 Mobile-Vision, Octo Telematics Ltd, (OCTOCAM Srl), WatchGuard Video, COBAN Technologies, Inc., Safety Vision, LLC., Omnitracs, and Convoy Technologies
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgrade, market expansion, and marketing tactics
• The global video event data recorder market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global video event data recorder market

Detailed Segmentation:

• Global Video Event Data Recorder Market, By Data Storage
  • Flash Card
  • Cloud Data Storage
• Global Video Event Data Recorder Market, By Vehicle Type
  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
• Global Video Event Data Recorder Market, By End User
  • Law & Enforcement Agencies
  • Commercial Fleets
• Global Video Event Data Recorder Market, By Sales Channel
  • Auto OEM
  • Aftermarket
• Global Video Event Data Recorder Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Digital Ally Inc.
  • L-3 Mobile-Vision
  •  Octo Telematics Ltd, (OCTOCAM Srl)
  •  WatchGuard Video
  •  COBAN Technologies, Inc.
  •  Safety Vision, LLC
  •  Omnitracs
  •  Convoy Technologies