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

Digital Transformation Investment at $3.4 Trillion

Business technology leadership matters. Across the globe, more leaders have been pursuing bold Digital Transformation (DX) initiatives with the goal of creating new sources of business value through digital products, services, and experiences. As an additional benefit, the COVID-19 pandemic revealed that digital transformation efforts improve an organization's resilience against global market disruptions. Global DX investment is forecast to reach $3.4 trillion in 2026 with a five-year compound annual growth rate (CAGR) of 16.3 percent, according to the latest worldwide market study by International Data Corporation (IDC). Digital Transformation Market Development "Despite strong headwinds from global supply chain constraints, soaring inflation, political uncertainty, and an impending recession, investment in digital transformation is expected to remain robust," said Craig Simpson, senior research manager at IDC . The benefits of investing in DX technology -- including aut

Artificial Intelligence for National Border Security

National border protection agencies are under pressure to provide the highest level of security in the face of growing threats, such as increasing illegal migration and international terrorism. Now, government agencies are embracing advanced border security technologies to aid in effectively and reliably securing national borders. These solutions look to detect and identify potential threats and prevent them from escalating to a point that may jeopardize security. Security Surveillance Market Development Traditional border security patrols and Closed-circuit Television (CCTV) surveillance systems aren't adequate protection, and agencies must increasingly deploy new solutions to stay ahead of criminals and other potential threats to ensure the safety of a country’s borders. According to the latest market study by Juniper Research, the value of the border security technology market will exceed $70 billion globally in 2027 -- that's rising from $48 billion in 2022. Growing by 47 p

Precision Medicine Spend to Reach $132.3 Billion

Precision Medicine uses molecular info to extract the optimum medical method from diagnostic protocols, by merging the impact of environmental and genetic factors. Data access is essential, with genetic metabolic and clinical data used to build a fuller picture of a patient's biology. Moreover, the primary aim of precision medicine is to design and optimize a pathway for diagnosis, therapeutic intervention, and prognosis, using large biological datasets. Personalized, evidence-based medicine uses stored health data, which includes patient diagnosis, laboratory work, insurance claims, and demographic information. The results enable healthcare providers to predict and prevent some illnesses. Precision Medicine Market Development According to the latest worldwide market study by Juniper Research, the total investment in precision medicine will reach $132.3 billion globally by 2027 -- that's increasing from only $35.7 billion in 2022. The significant market growth of 270 percent is