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Industry Press Releases

Steady growth continued, healthy profitability

October 24, 2012

The use of social media is increasing. eMarketer predicts that there will be a massive 1.43 billion social network users in 2012, which represents a fifth of the world’s total population and a 19.2% increase over 2011?s figure. The volume of user generated digital content is expected to continue to increase rapidly during coming years, driven by digital photos, videos and music, and people look for services to share, store and control their personal data. Parks Associates forecasts that operators providing security, storage and sharing value-added services have a revenue opportunity of $1.03b 2012, increasing to $4.82b during 2015.

From the press release, "Steady growth continued, healthy profitability."

Previously In The News

Concurrent Expands Support for Video On-Demand on Smart TVs

With consumer electronics companies introducing so many new Smart TVs into the market, each with its own unique integration requirements, it is important that operators employ a flexible video deli...

iLumi Solutions Unveils Intelligent LED Light Bulbs

Egan and Co-Founder Swapnil Bora have been developing iLumi since 2010, having garnered numerous accolades along the way, such as the SXSW Eco Startup Showcase and Cleantech Open Accelerator & Comp...

mPortal Launches ScreenBee, a Social TV App, Broadening the Second Screen Experience for Both Consumers and Content Providers

Heather Way, senior research analyst with Parks Associates, sees the potential for the second screen as well. “The ability to bring more video content and interactivity to second-screen devices bri...

US Demand for Private Security Services to Reach $63.8 Billion in 2016

The Market for Home Control and Security Systems Parks Associates' report finds that 14% of all U.S. broadband households are "highly interested" in receiving security services from their ISPs....

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