Skip to main content

Portable Media Storage Device Forecast

Although there has been much hype about multimedia home networks, low-cost portable storage devices that can move content throughout the home via sneakernet may win the favor of consumers because luggable media provides low-cost, high availability, and convenience, reports In-Stat.

A variety of popular, low-cost interfaces such as Secure Digital, Memory Stick, Universal Serial Bus (USB), and MicroDisk, can serve as luggable media. According to In-Stat the worldwide retail value of luggable media is forecast to rise from about $441 million during 2006 to more than $25 Billion during 2010.

"There will be opportunities for movie studios and other professional content companies to get extra revenues by licensing portable versions of their content, as well as by cross-promoting their content," says Gerry Kaufhold, In-Stat analyst. "The portable versions can be used to drive consumers to the packaged goods versions such as DVDs. We expect to see luggable media solutions being tested this year and next, and then hitting the big time during 2008."

In-Stat found the following:

- Luggable media solutions can transfer very large movie files in less than half a minute, they fit in a shirt pocket, and they use no power until plugged in.
- The luggable media approach puts the "smarts" inside the memory device, including copy protection, digital rights management, encryption, and even conditional access.
- By 2008, luggable media will begin being popular for making consumers' electronic content portable because storage capacities will top 8 Gigabytes per device.
- Online service providers will permit download to own options, permitting consumers to download content and quickly transfer it to luggable media devices.
- Portomedia's retail video kiosk approach provides an excellent example.

Popular posts from this blog

Global Digital Business and IT Consulting Outlook

Across the globe, CEOs and their leadership teams continue to seek information and guidance about planned Digital Transformation initiatives and the most effective enterprise organization change management practices. Worldwide IT and Business Services revenue will grow from $1.13 trillion in 2022 to $1.2 trillion in 2023 -- that's a 5.7 percent year-over-year growth, according to the latest market study by International Data Corporation (IDC). The mid-term to long-term outlook for the market has also increased -- the five-year CAGR is forecast at 5.2 percent, compared to the previous 4.9 percent. Digital Sevices & Consulting Market Development IDC has raised the growth projection despite a weak economic outlook, because of vendor performances across 2022, growth indicators from adjacent markets, increased government funding, and inflation impacts. The actual 2022 market growth was 6.7 percent (in constant currency), which was 87 basis points higher than forecast last year, alth

Open Banking Usage to Grow by 470 Percent

The Open Banking business model has been advantageous for Third-Party Providers (TPPs), helping them to extend their offerings into other areas of financial services with new capabilities. Open Banking is also advantageous for traditional banking institutions, despite the perceived loss of custodianship over their data, by providing greater accessibility to more bank services. Furthermore, Open Banking can help serve Mobile Internet providers that are able to leverage it to create tailored services according to customers’ preferences and/or economic limitations. Open Banking Market Development Since traditional banking services are made more convenient by TPPs via greater data access, customers can proactively manage their finances and shape the development of new financial offerings. This is particularly noticeable in the realm of Digital Payments, where retail merchants and customers transact through eCommerce, which has the greatest number of use cases for Open Banking. These includ

Why Instant Issuance Payment Cards Evolved

The global financial services sector continues to grow as more progressive organizations seek to gain a meaningful competitive advantage from their digital transformation initiatives. Across the globe, many regions are seeing a significant rise in 'instant issuance' activity from a physical and digital perspective, from both traditional and emerging innovative banking institutions. Digital Payments Market Development Customers increasingly demand instant access to banking services, with physical instant issuance enabling them to leave their branch equipped with a ready-to-go payment card. According to the latest worldwide market study by ABI Research, the market for instantly issued physical payment cards will increase from 243.2 million shipments in 2022 to a forecast of 471.1 million in 2027. "Critically, instant issuance of payment cards is no longer limited to the physical," said Sam Gazeley, industry analyst at ABI Research . Indeed, the growing digitization of p