Skip to main content

PVRs Have Become Mainstream Products

Consumer demand for Personal Video Recorder (PVR) products continues to increase. In just seven short years since their original introduction, PVR products have gone from niche to mainstream, according to In-Stat.

2005 was another banner year for PVR products with worldwide unit shipments reaching 19 million, a 60 percent increase over the 11.9 million units shipped in 2004. In-Stat projects that worldwide unit shipment totals will reach 42 million by 2010.

"TV viewers like the PVRs ability to record programming with the push of a button," says Mike Paxton, In-Stat analyst. "Pay-TV service providers like PVRs for their ability to create new revenue streams, while at the same time providing bandwidth constrained service providers with an on-demand service option."

In-Stat also found the following:

- There are currently 12.3 million U.S. households with installed PVR products. This raises the PVR penetration rate of total U.S. TV households to 11 percent.
- Based on end-user totals, TiVo, EchoStar, and Time Warner Cable are the top three PVR service providers.
- End-user satisfaction with PVR service remains extremely high. Based on an In-Stat consumer survey, 86 percent of PVR users are either extremely satisfied or very satisfied with the PVR service.
- Worldwide PVR product revenues reached $6.6 billion in 2005, up from $4.5 billion in 2004.
- In 2005, North America and Japan accounted for 82 percent of all worldwide PVR product unit shipments.

Popular posts from this blog

How AI Transforms Financial Decision-Making

Artificial intelligence (AI) has emerged as a transformational force, reshaping business processes and unlocking new possibilities for efficiency and innovation in corporate finance. The latest Gartner survey on AI usage in finance provides evidence of this emerging trend, offering valuable insights into the future growth trajectory of AI in finance. The Gartner survey reveals a significant milestone. As of 2024, 58 percent of finance functions actively use AI technology -- that's a substantial increase from previous years. Artificial Intelligence Market Development Perhaps even more telling is the projection that by 2026 more than 80 percent of finance functions are expected to be leveraging AI solutions. The survey sheds light on the use cases of AI in finance: AI is being deployed to enhance forecasting accuracy and provide deeper insights into financial trends. Automation of routine tasks and improved accuracy in financial reporting are key benefits observed. AI algorithms are