Providing market intelligence for more than 35 years

MarketWatch

Best Buy Keynote Concludes CONNECTIONS(TM) Conference at TIA 2012, highlighted new developments and opportunities in the connected home

CONNECTIONS(TM) at TIA concluded today with a keynote from Best Buy, where Kristen Bowring, Senior Director, Platform Lead Home and Energy Management, discussed the retailer's efforts to expand its home energy and appliance offerings based on consumer research. The conference, which ran June 5-7, also featured keynotes from AT&T, who presented the company's new Digital Home initiative, and Verizon, who discussed the provider's efforts to increase speed to the home to enable the "borderless lifestyle."

Hosted by international market research firm Parks Associates, the 16th annual CONNECTIONS(TM): The Digital Living Conference and Showcase focused on value-added services for services providers including customer support, cloud services, voice and gesture controls, mobile platforms and applications, TV everywhere services and more.

"Parks Associates added extra value to our attendees and sponsor with our successful collocation with TIA," said Stuart Sikes, President, Parks Associates. "We were pleased to host major players in the consumer and services markets at CONNECTIONS(TM), with three days of informative sessions, networking, and product displays in the Connected Home Pavilion."

Parks Associates presented new research and findings at the event, highlighting new opportunities, market growth, and consumer trends:

Connected home apps worldwide will grow to 13 billion by year-end 2016

Two-thirds of consumers who use Siri at least weekly are highly satisfied

37% of current iPhone 4S users "definitely want" Siri-like capabilities on their next TV set

75% of U.S. consumers are interested in a cloud service for photos; 47% for movies

The percentage of U.S. smart-TV owners playing games on their sets has grown 31% since 2010, while the increase for watching TV shows is 42% and movies is 36%

14% of U.S. tablet users watch TV Everywhere services

18% of U.S. tablet users share comments on social sites while watching TV

45% of U.S. consumers are comfortable with targeted ads based on their viewing habits

Tablet owners are five times more likely to desire a multiroom music system than all consumers

Worldwide growth of consumer support services from $5.0 billion in 2012 to $17.5 billion in 2016

"The number of households with connected devices is on a steep rise," Sikes said. "For example, North American consumers will buy 32 million media tablets in 2012. Our data show U.S. consumers plan to continue CE purchasing, with significant percentages planning to increase their CE spending in 2012. These factors, in combination with the proliferation of IP, is changing the business models for service providers, retailers, manufacturers, and technology companies, and every year, CONNECTIONS(TM) is the place to discuss the implications of these changes."

From the article, "Best Buy Keynote Concludes CONNECTIONS(TM) Conference at TIA 2012, highlighted new developments and opportunities in the connected home."

Previously In The News

F-Secure Hosts Media Cloud Session at CONNECTIONS(TM): The Digital Living Conference & Showcase at TIA 2012

The interactive panel session, hosted by F-Secure and moderated by Kurt Scherf, VP, Principal Analyst, Parks Associates, examines the business models and use cases emerging from cloud media and per...

Marvell replaces Intel in Google's TV push

"There was a big improvement with the updated software, giving a much more graphically rich version of the user interface," Parks Associates analyst Kurt Scherf said. He noted the prior version of...

Apple, Amazon attack cracks in TV’s armor

Market research firm Parks Associates even predicted a very slight gain in the number of pay-television subscribers in the U.S. this year to 103.1 million, up from 102.5 million in 2013. That said,...

75% with Internet-connected smart TVs regularly watch online video

New market research from Parks Associates finds the percentages of U.S. smart TV owners who use this Internet-connected device to watch online video increased by over 30% in six months. "The pe...