The Digital Voice Recorder Global Market Report 2023, provides comprehensive information on the digital voice recorder market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global digital voice recorder market size is expected to grow from $1.50 billion in 2022 to $1.66 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global digital voice recorder market is expected to reach $2.46 billion in 2027 at a CAGR of 10.4%.
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Technological advancements have emerged as the major trend gaining popularity in the digital voice recorder market. Major companies operating in the digital voice recorder market are introducing new innovative products incorporating artificial intelligence technology to strengthen their position in the market. For instance, in July 2021, Sony Corporation, a Japan-based technology company launched Sony’s ICD-TX660, a new digital voice recorder equipped with Artificial intelligence technology. Sony’s ICD-TX660 has boosted its AI capabilities with new features that decrease background noise, feature automatic voice recording, a 16 GB internal memory for longer recordings and convenient and efficient Chinese-language speech-to-text capabilities, made possible through a partnership with AI Speech Ltd., a local start-up.
The digital voice recorder market is segmented:
1) By Product Type: MP3, Windows Media Audio (WMA), Waveform Audio File Format (WAV), Digital Speech Standard (DSS)
2) By Recorder Interface: Bluetooth, Infrared, Universal Serial Bus (USB), Secure Digital card (SD card), Wireless
3) By Memory Size: 1 GB, 2 GB, 4 GB, 8 GB, 16 GB
4) By Battery Type: Rechargeable, AA, AAA, Lithium Ion, Other Battery Types
5) By Consumer: Voice Recording, Commercial, Interview Recording, Other Consumers
North America was the largest region in the digital voice recorder market in 2022.
The table of contents in TBRC’s digital voice recorder market report includes:
1. Executive Summary
2. Digital Voice Recorder Market Characteristics
3. Digital Voice Recorder Market Trends And Strategies
4. Digital Voice Recorder Market – Macro Economic Scenario
5. Digital Voice Recorder Market Size And Growth
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26. Africa Digital Voice Recorder Market
27. Digital Voice Recorder Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Digital Voice Recorder Market
29. Digital Voice Recorder Market Future Outlook and Potential Analysis
30. Appendix
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