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U.S. On-demand Internet Content Revenues to Approach
$9 Billion by 2010
Consumer spending for Internet entertainment services to grow 260%
in five years; global home network and broadband penetration to grow
significantly during same time
U.S. consumer spending for online entertainment, including on-demand
gaming, music, and video services, will grow by 260% in the next five
years, according to
Digital Lifestyles: 2006 Outlook, a new study from Parks
Associates. Driven by broadband usage and innovations in digital
entertainment platforms and content services, revenues will grow from $2.4
billion in 2006 to nearly $9 billion in 2010.
“This year will be a watershed for delivering to consumers an array of
new entertainment experiences,” said
Kurt Scherf,
vice president and principal analyst for Parks Associates. “Thanks to
broadband proliferation and growing cooperation between content producers
and other members of the digital entertainment value chain, we’ll see
significant product and service announcements throughout 2006.”
Scherf
indicated that the online video market – including such providers as
Movielink, CinemaNow, Apple iTunes®, and Akimbo Systems – will be active
in 2006, as PC and consumer electronics manufacturers seek to expand their
influence by offering more integrated networked solutions to end users.
Digital Lifestyles: 2006 Outlook also includes global forecasts
for consumer broadband users, home data networks, and multichannel IP
video services (“Telco TV” or “IPTV” services).
- The number of worldwide consumer broadband subscribers will grow
from 184 million in 2005 to more than 360 million in 2010;
- The number of households worldwide using data networking equipment
will grow from approximately 82 million in 2005 to more than 135 million
in 2010; and
- Worldwide subscribers to IP multichannel video services (IPTV) will
grow from approximately five million in 2005 to nearly 70 million in
2010.
Digital Lifestyles: 2006 Outlook provides an overview and
projections of the key digital lifestyle trends for 2006 and beyond,
including services and platforms. For more information about
Digital Lifestyles: 2006 Outlook, please contact Parks Associates
at 972-490-1113 or
sales@parksassociates.com or visit
http://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, 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
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http://www.connectionsindustryinsights.com
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