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Digital Living Service and Product Revenues to
Approach $300 Billion Annually
Growth in IP and mobile access and communications services to spur
spending in consumer devices
Rapid consumer adoption of Internet and mobile services will boost U.S.
spending in digital living services and products to nearly $300 billion by
2010, according to Parks Associates’
Digital Living 2006
Forecasts. This study, which features forecasts and analyses on
more than 50 digital lifestyle categories, reports a steady rise in U.S.
household spending for these advanced products and services over the next
five years, fueled by adoption of broadband and communications services,
which will account for $229 billion in 2010.
“Recent investment and developments in such services as broadband
access and television, including the shift to digital and IP delivery of
communications and entertainment services, have given rise to a host of
new digital living products and services,” said
Kurt Scherf,
vice president and principal analyst with Parks Associates. “As we close
the first decade of this century, the companies and service providers that
can build strong links between access, content, and end-user platforms
will capture a substantial share of this multibillion dollar industry.”
Digital Living 2006
Forecasts reveals that revenues for digital entertainment services
– including gaming, music, and on-demand video – will be among the
strongest-growing categories over the next five years. The influx of these
services will in turn drive the sale of media centralization and
distribution solutions in U.S. households. Between 2006 and 2010, revenues
from media servers will grow 140%, and the number of connected
entertainment solutions will increase substantially during the same time
period. By 2010, more than 30 million households will have a network that
bridges numerous products and extends the entertainment experience to
multiple rooms in the home.
Digital Living 2006
Forecasts provides five-year U.S. household forecasts across five
broadband product and service categories: Broadband & Communications,
PC/CE Digital Media Platforms, On-demand Entertainment Services, Home
Security, and Home Control. Within these five categories are forecasts for
more than 50 subcategories of individual products and services, including
multichannel television subscriptions (cable, satellite, and telco TV),
households with home networks (data, multimedia, and entertainment), and
subscribers of bundled services. Home controls and home security revenues
include projections for new housing growth and forecasts for both hardware
and labor. The project features a comprehensive report with analyst
commentary and interactive forecast models that provide in-depth
explanation of the methodology for each category.
Digital Living 2006
Forecasts is available through
Parks Associates’ Client
Service program. For more information about
Digital Living 2006
Forecasts, contact Parks Associates at 972-490-1113 or
sales@parksassociates.com
or visit
http://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™, 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 |
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