The manner by which consumers create and share content, enjoy entertainment applications, communicate, and enhance productivity at home and on-the-go is evolving as digital technologies become more mainstream, according to Consumer Technology: Key Trends and Outlook for 2008. The new Parks Associates white paper reports sales of networked CE devices will grow from 9.8 million units in 2007 to 71 million in 2011.
"As 2008 kicks off, multiple players in service delivery, software development, and platform design are poised to address the growing consumer appetite for lifestyle enhancement solutions and productivity applications--from broadband to portable music and emerging television services," said Kurt Scherf, Parks Associates' Vice President and Principal Analyst.
Parks Associates predicts home networking will make significant strides into the consumer electronics space in 2008 and connectivity in new products and services-driven applications will be the most sought-after gadget features. In addition, revenues for online video will climb to US$9.7 billion by 2011 (up from $1.4 billion in 2007), and nearly 92 million households will subscribe to a digital video service in 2011, up from 70 million in 2007.
"Home networking media and connectivity software have matured, so device connectivity has become a true differentiator and value-added feature," Scherf said. "Distributed media and communications features will entice new market entrants, including the consumer electronics industry and bundled services providers."