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PRESS RELEASE

24 AUG 2006

 

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Parks Associates identifies “Digital Home” Categories, qualifying opportunities for services, applications, and solutions in and out of the home

Leading market research firm Parks Associates has identified six key subcategories for the Digital Home, spanning the stages of service provision from data networking to home management and each representing unique opportunities for companies in the digital living space.

Parks Associates analyzes these subcategories and their potential for driving market growth in its new white paper Trends in Consumer Technology: Defining and Sizing the Market. The subcategories are the following:

  • Broadband + Home Computer
  • Broadband + Data Network
  • Broadband + Home Computer + Media Adapter
  • Network-capable Consumer Electronics Platforms
  • Converged Communications Services
  • Home Management Services

Broadband + Data Network has been one of the biggest success stories thus far. The number of U.S. households with a data network has increased from 2.5 million in 1998 to more than 20 million today. Worldwide, the number of households with a data network will jump from 80 million in 2006 to close to 145 million by 2010, according to data available through Parks Associates’ Fast Facts program.

“Data networking offers practical solutions to today’s technological problems, which is the reason for its current success,” said Kurt Scherf, vice president and principal analyst for Parks Associates. “In the other, more advanced subcategories, we are seeing vendors competing aggressively to invent or capture new product categories, with the additional challenge that they must often compete internationally. We expect to see a fair amount of debate at CONNECTIONS™ Europe regarding the current status and future opportunities for the Digital Home.”

The first annual CONNECTIONS™ Europe: Strategies for Digital Living Markets will be held November 14-16, 2006, at the Adlon Kempinski in Berlin, Germany. The event will host strategic and marketing executives from global companies in the entertainment, telecommunications, controls, energy, and computing industries. Visit www.connectionseurope.com for more information.

To view the list of data available through Parks Associates’ Fast Facts, go to www.parksassociates.com/fastfacts. Trends in Consumer Technology: Defining and Sizing the Market is available through the Parks Associates’ Website.

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™, with support from 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 | http://www.connectionsindustryinsights.com

 

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