PUBLISHER: The Business Research Company | PRODUCT CODE: 1662992
PUBLISHER: The Business Research Company | PRODUCT CODE: 1662992
A digital voice recorder is an electronic device designed for capturing and storing audio in digital format. This device typically employs a microphone to record sounds, and the recorded data is stored on either a memory card or internal memory. Digital voice recorders find applications in various scenarios such as dictation, interviews, and recording lectures or meetings.
The primary product types of digital voice recorders include MP3, Windows Media Audio (WMA), Waveform Audio File Format (WAV), and Digital Speech Standard (DSS). MP3 is a widely used digital audio encoding format known for its lossy compression that reduces file size while maintaining significant audio quality. The recorder interfaces encompass Bluetooth, infrared, Universal Serial Bus (USB), Secure Digital Card (SD card), and wireless options, with memory sizes ranging from 1 GB to 16 GB. Additionally, various battery types are utilized, including rechargeable, AA, AAA, lithium-ion, and others. These recorders cater to diverse needs such as voice recording, commercial use, and interview recording for consumers.
The digital voice recorder market research report is one of a series of new reports from The Business Research Company that provides digital voice recorder market statistics, including digital voice recorder industry global market size, regional shares, competitors with digital voice recorder market share, detailed digital voice recorder market segments, market trends and opportunities and any further data you may need to thrive in the digital voice recorder industry. This digital voice recorder market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The digital voice recorder market size has grown rapidly in recent years. It will grow from $1.79 billion in 2024 to $1.98 billion in 2025 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to integration of portable devices, improved storage and battery life, business and professional use, consumer electronics evolution, digitalization of workflows.
The digital voice recorder market size is expected to see rapid growth in the next few years. It will grow to $3 billion in 2029 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to demand in education sector, enhanced storage capacity, expansion of remote work, ai-driven features, cloud-based recording solutions. Major trends in the forecast period include advancements in recording technology, integration with cloud services, smartphone integration, focus on portability and design, enhanced battery life.
The expanding application of online tutorials is expected to drive the growth of the digital voice recorder market in the future. Online tutorials are a form of self-study aimed at achieving specific learning objectives. These resources can be distributed online or on DVDs, though they are commonly shared via blackboard platforms. Lectures and other course materials are often recorded outside the classroom using advanced recorders equipped with built-in webcams and microphones to enhance audio quality. The use of digital voice recording in online tutorials has surged for various reasons, including improved call quality, cost-effectiveness, convenience, and accessibility. For instance, according to the 2022 Report on Internet-Based Training from the Texas Department of Information Resources, a US-based government agency, Texas state agencies significantly increased their use of internet-based training in 2022, with 75% of agencies now offering at least half of their training online, up from previous years. Therefore, the growing application scope in online tutorials is propelling the digital voice recorder market.
The growth trajectory of the digital voice recorder market is expected to be further propelled by the surge in Over-the-Top (OTT) services. OTT services enable direct streaming and access to audio, video, and other media content over the Internet, challenging traditional television providers. Digital voice recorders play a pivotal role in delivering high-quality audio recordings crucial for accurate transcriptions within OTT services. For instance, in April 2023, Netflix Inc., a US-based streaming media company, reported an increase in paying subscribers from 223 million to 231 million within the first quarter of 2023. This significant rise in OTT service usage underscores the driving force behind the growth of the digital voice recorder market.
Leading companies in the digital voice recorder market are increasingly focused on launching advanced solutions, such as smart voice recorders with enhanced features. Smart voice recorders are electronic devices designed to capture audio with advanced functionalities, including voice activation, high-quality sound capture, and often the ability to transcribe speech into text. For example, in April 2024, iFlytek, a China-based manufacturing company, introduced the iFLYTEK Smart Recorder. This device is the first offline AI-powered voice recorder that transcribes speech to text without requiring an internet connection. Aimed at professionals and students, it offers features like long-distance recording, intelligent noise reduction, and multi-language support for a seamless audio-to-text experience.
Major companies in the digital voice recorder market are focusing on launching advanced solutions, such as new voice recorder ranges, to gain a competitive advantage. Advanced voice recorders are digital devices with enhanced features designed to capture and store audio recordings with superior sound quality, improved storage capacity, and user-friendly functionality. For instance, in August 2024, Plaud, a Germany-based technology company, launched NotePin, an AI-powered voice recorder designed for productivity and convenience. This digital voice recorder provides high-quality, reliable recordings with exceptional voice clarity. The compact device can be worn as a pendant, wristband, or clipped onto clothing. It features 64 GB of storage and offers real-time transcription in over 59 languages, along with customizable templates. Priced at $169, it includes basic features for free, with premium options available via a $79 annual subscription.
In July 2023, Frequentis, an Austria-based company specializing in communication and information systems, acquired GuardREC ATC for an undisclosed amount. This acquisition allows Frequentis to enhance its capabilities in the recorder market by integrating GuardREC ATC's advanced recording solutions with its existing DIVOS product. GuardREC ATC, based in Norway, specializes in developing advanced recording solutions.
Major companies operating in the digital voice recorder market include The Aigo Digital Technology Co. Ltd., Cenlux Digital Technology Co. Ltd., Panasonic Holdings Corporation, Hyundai Digital Tech Co. Ltd., Olympus Corporation, Koninklijke Philips N.V., Safa Media Co. Ltd., Sony Group Corporation, Jingwah Digital Technology Co. Ltd., Shenzhen Vaso Digital Technology Development Co.Ltd., Samsung Electronics Co. Ltd., Zoom Corporation, Shenzhen Hnsat Industrial Co. Ltd., EVISTR Technology Co. Ltd., Shenzhen Aiworth Technology Co. Ltd., TOOBOM Technologies Co. Ltd., Roland Corp., TASCAM Corp., Aiwa Co. Ltd., Marantz Japan Inc., Nagra-Kudelski Group, TEAC Corporation, Akai electronics company, Denon, Rode Microphones, Zaxcom Inc., Sound Devices LLC
North America was the largest region in the digital voice recorder market in 2024. Europe was the second largest region in the digital voice recorder market in 2024. The regions covered in the digital voice recorder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the digital voice recorder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The digital video recorder market consists of sales of portable voice recorders and mini voice recorders. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Digital Voice Recorder Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on digital voice recorder market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for digital voice recorder ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The digital voice recorder market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.