Skip to main content

Digital Lifestyle Study Reveals 50 Categories

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 latest report "Digital Living 2006 Forecasts."

This study, which features forecasts and analysis of 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 multi-billion dollar industry."

The Parks study 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 percent, 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 within the home.

Parks provides a 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.

Popular posts from this blog

Global Rise of Domestic Payment Ecosystems

Alternative Payment Methods (APMs) – comprising digital wallets, instant payments, and QR payment systems – are experiencing explosive growth that's reshaping the global financial services marketplace. According to the latest worldwide market study by ABI Research , the combined global transaction value for APMs is projected to reach $142 trillion by 2030. What's particularly fascinating is the underlying driver behind this trend: a growing desire for financial sovereignty, with nations developing domestic payment ecosystems rather than remaining dependent on international financial networks. Payment Ecosystem Market Development In 2024, approximately 45 percent of the global population used digital wallets – a remarkable adoption rate for a technology that barely existed a decade ago. China leads this transition, with 95 percent of its population using WeChat's payment functionality. WeChat exemplifies the "super app" phenomenon, where payment capabilities are in...