Skip to main content

Next Wave of IP Connected Home Devices

Broadband Internet access service adoption and home networking infrastructure advances have contributed to a new wave of digital home connectivity. On the hardware front, the trend in the digital home is headed towards more IP-connected devices, signifying a new era in consumer electronics.

According to the latest market data from ABI Research, connected home devices is potentially the Next Big Thing in the consumer electronics (CE) industry, with a global market value growing by a compound average of 23 percent annually over the next five years to more than $10 billion in 2014.

As ABI industry analyst Serene Fong observes, "Service providers view home networking not only as an avenue to create consumer loyalty, but also as a new revenue-generating cash cow."

Instead of pure voice or data services, service providers now include content, applications, in-home networking, and sometimes gaming and even energy management within their service offerings.

Interest in content sharing among multiple IP-enabled devices is growing as the world's more privileged users explore the new realm of integrated browsing, communication and interactive entertainment experiences.

Studies show that consumers are increasingly investing in digital devices to enhance the quality of their entertainment experience. And, the digitally connected home forms an attractive platform for bringing different -- but now closely related -- industries together.

However, as Fong cautions, "Service providers and equipment manufacturers should not rest on their laurels. Price, product quality and end-user experiences still remain intensely competitive and manufacturers will have to keep their customers satisfied before they can start hoping for real significant revenue growth."

ABI's market study addresses shipments, ASP, revenue information and examines the growth potential of various consumer technologies. It contains segmented market forecast data for devices including televisions, game players, digital cameras and camcorders, digital photo frames, media phones, Internet appliances, DVD and Blu-ray equipment, PVRs, and portable media players.

Popular posts from this blog

How the COVID-19 Pandemic Advanced Telehealth Adoption

The global COVID-19 pandemic has accelerated digital transformation across many industries. As an example, consider the healthcare sector. Some routine medical situations can be diagnosed and resolved online. While the trend was already in motion long before the pandemic arrived, the adoption of telehealth increased rapidly in 2020. Around the world, many governments responded to the disruption and inaccessibility of healthcare facilities by loosening previous regulations and restrictions on the practice of telemedicine apps, and teleconsultations. This decision resulted in the mass adoption of these medical services among patients and providers. According to the latest market study by Juniper Research, telemedicine will save the healthcare industry $21 billion in costs by 2025 -- that's rising from an estimated $11 billion in 2021. This increased app usage represents an anticipated growth rate of over 80 percent in the next four years. Telehealth Services Market Development The co

Worldwide Semiconductor Demand will Accelerate in 2021

The technology sector is a key driver of the U.S. economy. Therefore, components like semiconductors play an important role in America's future. The 'CHIPS for America Act' is a new law that calls for incentives on domestic semiconductor manufacturing and investments in research and development. But these renewed efforts will require years of ongoing commitment. Meanwhile, despite the impact of the COVID-19 pandemic, the semiconductor market performed well in 2020. However, new demand by industry was uneven throughout last year due to global lockdowns, remote working adoption, and shifts in consumer and commercial buying behavior. Worldwide semiconductor revenue grew to $464 billion in 2020 -- that's an increase of 10.8 percent compared to 2019, according to the latest market study by International Data Corporation (IDC). Semiconductor Technology Market Development IDC now forecasts that the semiconductor market will reach $522 billion in 2021, that's a 12.5 percent

Hyper-automation Propels Superior Business Process Redesign

When the world was disrupted by a global pandemic during 2020, many CEOs and their board of directors were consumed by reacting to immediate problems. Meanwhile, a few forwarding-thinking enterprise leaders also paused to invest in accelerating their prescient digital transformation agenda. What enables executives to envision an opportunity while others see only challenges? Strategic foresight, and a willingness to embrace the apparent changes that are transforming the legacy status quo. During this period of uncertainty, hyper-automation investment has gained new momentum. Hyperautomation is the application of advanced technologies that augment humans by helping to streamline processes in new ways that are significantly more impactful than the legacy approach. Hyperautomation Market Development The global market for technology that enables hyperautomation will reach $596.6 billion in 2022, according to the latest worldwide market study by Gartner. This is up from $481.6 billion in 202