As the networked home market reaches the mass-market adoption stage, multimedia and entertainment-centric networkin...
May 10, 2006
As the networked home market reaches the mass-market adoption stage, multimedia and entertainment-centric networking solutions are likely to drive the demandfor home networking and become strong revenue generators.
Moreover, increasing broadband penetration and expanding range of applications and services are ushering in new growth opportunities for all stakeholders in this nascent market.
A new Frost & Sullivan report concludes that spurred by the increase in multiple PC households, falling hardware prices, increasing number of IP applications and rise in broadband adoption, the number of networked homes in North America is likely to increase from 22.5 million in 2005 to 63.8 million in 2012.
“Entertainment-based home networks and emerging broadband services and applications such as IPTV and personal video recording are likely to be keycontributors to future growth of home networking,” notes Frost & Sullivan industry analyst Piyush Arora.
“The growth in network-enabled consumer electronic devices and the burgeoning online and offline digital content, will also fuel this trend.”
The increasing penetration of broadband is also expanding the range of potential applications of home networks — from sharing broadband access between computers to streaming multimedia content between networked consumer electronic devices.
Networked storage, home automation and home security are also likely to become strong contributors to home networking growth.