Providing market intelligence for more than 35 years

Home Media

Report: 3 Million Households to Buy Connected TV for Christmas

Research firm Parks Associates said the projection suggests another nail in the coffin for brick-and-mortar video stores.

Despite the tally, just 38% of households plan to make a CE purchase by Christmas compared to 50% during the same period last year, according to Parks.

“Consumers want deals; that is their trigger as economic conditions have made them more cautious buyers,” CEO Tricia Parks said. “Market players must stress the value and convenience of Internet-connected devices.”

Connected devices include connected game consoles, Blu-ray Disc players, tablet computers and media players. By the end of the year, more than 40 million U.S. consumers will have a broadband-connected game console, more than 8 million will have a PC-to-TV connection, more than 5 million will have a connected Blu-ray player and more than 4 million will have a networked media player, such as an Apple TV or Roku.

“Connected devices are the future of content consumption and entertainment in the living room as they capture the broader trends of integration among different silos in consumers’ lives,” principal analyst Kurt Scherf said.

From the article, "Report: 3 Million Households to Buy Connected TV for Christmas" by Erik Gruenwedel

Previously In The News

Report: 2.5M North American Homes Want Web TV, Blu-ray At Right Price

This market could translate into $250 million in additional revenues for the consumer electronics industry, according to research firm Parks Associates. “Access to additional content is the key...

acrovision Expands DVR Capabilities

The Connected Platform solution would let consumers access not just DVR-recorded content, but also music, video, photos and Internet content from a variety of locations with compliant data devices....

Report: People Want Web features, Premium Content on TVs

More than 33% of American households with broadband want Web features for their Internet-connected TVs and set-top boxes, according to a new report from research firm Parks Associates. “Broadba...

Report: Web Video to Top $6B by 2013

The report from Parks Associates said that increased availability of connected video game consoles, networked TVs and video-on-demand (VOD) set-top boxes will spearhead the growth in user-generated...