Digital Voice Recorder Industry Forecast and Size Analysis 2019-2025

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Digital Voice Recorder Industry Forecast and Size Analysis 2019-2025

Global Digital Voice Recorder Industry was valued at USD 1.21 Billion for the year 2017. Digital Voice Recorder Industry is further expected to grow at a CAGR of 11% from 2018 to reach USD 2.94 Billion by the year 2025. North America region holds the highest Industry share in 2017. While Asia Pacific region is considered as the fastest growing Industry in the forecasted period. The U.S. is the major Industry in 2017 at country level and it is further anticipated to grow at a steady pace in the next 5 years. Major Market Players in Digital Voice Recorded Industry are 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 and other brief information of 10 companies will be provided in the report. Better global reach, both at production and at an operational level is the main reason for holding this Industry 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.

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SWOT Analysis of Digital Voice Recorded Industry Strength Rising investments from vendors Weakness Use of smartphones which are capable of recording


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