Providing market intelligence for more than 35 years

Yahoo! Finance & News

Parks Associates Forecasts Revenues From Network-Attached Storage to Exceed $4.4 Billion in 2014

YahooDVRs and video downloads will push the storage needs of U.S. broadband households to almost one terabyte by 2014, creating a parallel rise in the market for file backup and storage solutions, according to international research firm Parks Associates.

The firm's new report "Consumer Storage Opportunities" finds almost 50% of households are performing regular backups, including external storage, flash drives, and online backup, up from only 35% in 2006.

"This is a classic example where growth in one area is spurring another industry," said  Pietro Macchiarella, research analyst, Parks Associates. "As people accumulate more digital content, the prospect of losing that data becomes more ominous. Companies marketing network-attached storage (NAS) and home server devices should target high-use consumers such as videophiles and music enthusiasts and demonstrate the ease with which these products protect against loss of critical data."

Macchiarella predicts that consumers' backup methods will become more sophisticated as files get larger and as people invest more time and money into their digital media collections.

 "The majority of consumers still use less-reliable media such as CDs, DVDs, and flash drives, but in the past four years, portable hard drives and direct- and networked-attached storage have become more popular," he said. "This trend will accelerate, fueled by growth in digital media and dropping storage costs. In particular, product revenues from NAS devices will nearly quadruple between 2010 and 2014."

Parks Associates' "Consumer Storage Opportunities" examines the current storage solutions on the market and highlights the growing business opportunities for CE manufacturers and service and technology providers.

From the article, "Parks Associates Forecasts Revenues From Network-Attached Storage to Exceed $4.4 Billion in 2014"

Previously In The News

Surprise: Purchase intent polls show PS4 with a big lead over Xbox One

Two separate surveys are showing that the PlayStation 4 sits substantially ahead of Microsoft’s Xbox One when it comes to polling American consumers about console preference. According to Parks Ass...

Dolby Collaborates with Leading Hollywood Studios to Deliver High-Quality Audio for Digital Content

Dolby Laboratories, Inc. today announced that Twentieth Century Fox Home Entertainment and Anchor Bay Entertainment now encode movies and TV programs in the UltraViolet™Common File Format (CFF) usi...

NETGEAR Launches Ocuity Wireless IP Cameras, Best-in-Class Integrated Monitoring Solution for Security Systems Providers

The Ocuity 500 comes with a built-in rechargeable battery that supports two hours of streaming video, maintaining a complete video record even through power outages. Multiple power management modes...

Five Ways to Kick the Cable TV Habit and Save Serious Cash

Fewer than 5 percent of cable subscribers have cut the cord, according to research firm Parks Associates, but nearly all of them did it for the same reason: Their cable bills were too damned high....

Phone:
972-490-1113
Mailing Address:
2301 West Plano Parkway, Suite 210, Plano, TX 75075
Expertise
Smart Home: Management and Safety Consumer Electronics Connected Health and Wellness Broadband Small-to-medium Business (SMB) Connected Health
Services
Research Services: Custom and Consulting Research Projects Streaming Video Tracker Security Tracker Smart Home Tracker
Events
CONNECTIONS™ CONNECTIONS™ Summit/CES Smart Energy Summit Connected Health Summit Future Of Video Smart Spaces Upcoming Industry Events
Resources
Press Releases Analyst Blog Parks in the News Connected Consumer Podcast 
About Us
Overview Team Contact Us
Store
View Your Cart

Follow Us to stay informed

© 2023-2025 Parks Associates. All Rights Reserved. Privacy Policy

Design & Developed By Agency Partner Interactive