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Growth of Multimedia Hubs Spurs Home
Entertainment Networking
Declining implementation costs for storage, advanced processors, and
home networking solutions drives dedicated media platforms toward larger
adoption in 2004 and 2005
Multimedia hubs will reach mass-market status by the end of 2008, with
more than 40 million units shipping to U.S. households, according to Parks
Associates’ report
Multimedia Networks in the Home: Analysis and Forecasts.
The growing availability of digital content and simultaneous cost
reductions in storage, processing, and home networking have spurred growth
in these solutions, which allow households to manage their entertainment
content. Devices such as personal video recorders, DVD recorders with hard
drive storage, online gaming consoles, and dedicated music servers will
simultaneously drive growth of additional multimedia connectivity
solutions.
“Multimedia hubs will be key interfaces to the digital content and
services now entering mainstream households,” said
Kurt Scherf,
vice president and principal analyst for Parks Associates. “Service
providers, consumer electronics companies, and PC and peripheral
manufacturers are responding to heightened consumer awareness and demand
by deploying a wide variety of platforms to store, aggregate, and network
content within the residential environment. We’re quite optimistic about
the sales outlook for these solutions in 2004 and 2005.”
Parks Associates’ report
Multimedia Networks in the Home: Analysis and Forecasts addresses
the prospects for entertainment connectivity in the home. The report, with
more than 90 pages of analysis and nearly 100 charts and figures, includes
profiles of platforms from both the PC and CE industries and examines the
underlying drivers for the growth of multimedia networking. For more
information on this or other Parks Associates’ research, please contact
Parks Associates at 972-490-1113 or at
sales@parksassociates.com.
For more information about the home networking market, download the
white paper The Home Network
Market: Data and Multimedia Connectivity at
www.parksassociates.com.
About Parks Associates: Parks Associates is an
internationally recognized market research and consulting company specializing
in emerging consumer technology products and services. Founded in 1986, Parks
Associates creates research capital for companies ranging from Fortune 500 to
small start-ups through market reports, primary studies, consumer research,
custom research, workshops, executive conferences, and annual service
subscriptions.
The company's expertise includes new media, digital
entertainment and gaming, home networks, Internet and television services,
digital health, mobile applications and services, consumer electronics, and home
control systems and security.
Each year, Parks Associates hosts executive thought
leadership conferences CONNECTIONS™, in
partnership with the Consumer Electronics Association (CEA®), and CONNECTIONS™ Europe. In addition, Parks
Associates produces the online publication Industry Insights in
conjunction with the CONNECTIONS™ Conference series.
http://www.parksassociates.com |
http://www.connectionsconference.com |
http://www.connectionseurope.com
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http://www.connectionsindustryinsights.com
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