Skip to main content

Evolution of IP-Enabled Consumer Electronics

Consumers worldwide will increase spending on digital home devices by 32 percent to $159 Billion in 2006, according to the latest research from Strategy Analytics.

The report, "Digital Home Devices Global Market Forecast," predicts that digital cameras, DVD players and MP3 players will be the most popular items this year. In terms of revenue, however, LCD and plasma TVs are the star performers.

Consumers around the world will spend nearly $70 Billion on flat panel TVs during 2006, representing 44 percent of total digital home market revenues. This report identifies a trend towards IP-connected devices as the next important wave in the migration toward digital homes. Fourteen percent of digital home devices sold this year will be IP-enabled, which allows them to access digital media websites on the Internet, or stored on the home network.

Examples of such devices include games consoles and set-top boxes. IP devices will become more and more popular as the popularity of digital media services, such as YouTube and iTunes, continues to grow.

"While price competition remains intense, manufacturers that meet key customer needs are enjoying significant revenue growth," says Peter King, Director, Connected Home Devices research. "The evidence is clear that consumers will increase spending on digital devices that improve their access to content and the quality of the entertainment experience."

Europe will be the world's largest market this year, with revenues of $51.5 Billion and a growth rate of 38 percent. In the U.S., revenues will grow by 28 percent to reach $49.1 Billion.

Popular posts from this blog

How AI Impacts Data Workload Investment

The importance of data in today's business landscape fundamentally reshapes how CIOs invest in their IT infrastructure. A recent International Data Corporation ( IDC ) market study highlights this trend, revealing insights into spending patterns. The study indicates that structured database and data management workloads are the largest spending category within enterprise IT infrastructure. This is unsurprising, considering the foundational role these workloads play in managing digital business data. However, IDC's worldwide market study also sheds light on a noteworthy shift – spending in some categories witnessed a slight decline in 2023 compared to 2022. Data Workload Market Development This dip could be attributed to several factors. Organizations might optimize their existing data management processes, potentially leveraging more efficient storage solutions or cloud-based data management services. Additionally, the rise of alternative data sources, such as unstructured and