Skip to main content

U.S. IP-enabled Connected Home Forecast


The connected home era has finally arrived, according to the latest research from Strategy Analytics. US sales of IP-enabled devices in 2005 rose by over 500 percent to 16 million units, as consumers rushed to buy IP-enabled games consoles, entertainment PCs and digital video recorders. This report, "Quantifying the Digital Home Opportunity," predicts that by 2010 US households will own more than 330 million IP-enabled devices that will be able to share and access music and video across home networks.

"Connected," or "IP-enabled," devices allow consumers to share content and entertainment applications across a home network. Major technology providers, such as Cisco/Linksys, Intel and Sony, are heavily promoting a new era of digital consumer electronics built around the connected home network. Early success stories include portable gaming devices from Sony and Nintendo, Microsoft's Xbox 360 and TiVo's latest DVRs.

Peter King, Connected Home Devices Service Director, said, "Consumer technology vendors who ignore the fundamental industry shift toward IP-enabled devices will be left behind. Our research finds that 7 percent of the digital consumer electronics market was IP-enabled in 2005, compared to only 1 percent in 2004. This trend will continue during 2006 as more and more manufacturers add connectivity to flat panel TVs, DVD players, digital cameras and cellphones. But technology vendors must analyze each market segment on its own merits: connectivity will penetrate some segments faster than others."

David Mercer, Digital Consumer Practice VP, adds, "The digital home industry will be transformed as new entrants embracing the connected home take share from established players. Successful vendors will focus on helping consumers overcome the complexities of installing and using networked entertainment devices."

Popular posts from this blog

Banking as a Service Gains New Momentum

The BaaS model has been adopted across a wide range of industries due to its ability to streamline financial processes for non-banks and foster innovation. BaaS has several industry-specific use cases, where it creates new revenue streams. Banking as a Service (BaaS) is rapidly emerging as a growth market, allowing non-bank businesses to integrate banking services into their core products and online platforms. As defined by Juniper Research, BaaS is "the delivery and integration of digital banking services by licensed banks, directly into the products of non-banking businesses, commonly through the use of APIs." BaaS Market Development The core idea is that licensed banks can rent out their regulated financial infrastructure through Application Programming Interfaces (APIs) to third-party Fintechs and other interested companies. This enables those organizations to offer banking capabilities like payment processing, account management, and debit or credit card issuance without