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PRESS RELEASE

18 DEC 2002

 

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Home Networks in Europe: A Growing Opportunity

Growth in Broadband and Communications Solutions Seen as Major Drivers for a Rise in Connected-Home Applications on the European Continent

Local service providers will be the primary drivers for home networking and residential gateway developments in Europe, according to Parks Associates' Understanding the Market for Home Networks in Europe. This new report found the number of broadband customers in Western Europe has reached 7.8 million, creating new opportunities for home networking deployments that both service providers and product developers cannot ignore.

"The European broadband market grew significantly in several major countries during the first three quarters of 2002," said Kurt Scherf, vice president of research. "Given the strength of certain incumbent providers - coupled with the fact that they are providers of bundled services to a good many of their customers - developers of home networking and residential gateway solutions should be looking at Europe as a market with vast potential for home networking deployment."

Understanding the Market for Home Networks in Europe examines the major service providers, including broadband players, digital television purveyors, and mobile telephony companies, in 14 Western European countries. The report includes more than 70 charts with computer, Internet, television service, and mobile telephony statistics for each country and for the entire region.

For information about Understanding the Market for Home Networks in Europe or other Parks Associates' research, please call 972-490-1113 or visit www.parksassociates.com.

About Parks Associates: Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions.

The company's expertise includes new media, digital entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, consumer electronics, energy management, and home control systems and security.

Each year, Parks Associates hosts executive thought leadership conferences CONNECTIONS™, with support from the Consumer Electronics Association (CEA®), and CONNECTIONS™ Europe. In addition, Parks Associates produces the online publication Industry Insights in conjunction with the CONNECTIONS™ Conference series.

http://www.parksassociates.com | http://www.connectionsconference.com | http://www.connectionseurope.com | http://www.connectionsindustryinsights.com

 

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