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News Release from: Strategy Analytics
Edited by the Electronicstalk Editorial
Team on 18 October 2006
Digital home devices grow by a third
Research predicts consumers worldwide will increase spending on digital home devices by 32% to $159 billion in 2006.
Consumers worldwide will increase spending on digital home devices by 32% to $159 billion in 2006, according to the latest research from Strategy Analytics' Connected Home Devices service The report: "Digital home devices global market forecast", predicts that digital cameras, DVD players and MP3 players will be the most popular items this year
This article was originally published on Electronicstalk on 4 Nov 2005 at 8.00am (UK)
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In terms of revenue, however, LCD and plasma TVs are the star performers.
Consumers around the world will spend nearly $70 billion on flat panel TVs during 2006, representing 44% of total digital home market revenues.
This report identifies a trend towards IP-connected devices as the next important wave in the migration toward digital homes.
Fourteen% of digital home devices sold this year will be IP-enabled, which allows them to access digital media websites on the Internet, or stored on the home network.
Examples of such devices include games consoles and set-top boxes.
IP devices will become more and more popular as the popularity of digital media services, such as YouTube and iTunes, continues to grow.
"While price competition remains intense, manufacturers that meet key customer needs are enjoying significant revenue growth", says Peter King, Director, Connected Home Devices research.
"The evidence is clear that consumers will increase spending on digital devices that improve their access to content and the quality of the entertainment experience".
Europe will be the world's largest market this year, with revenues of $51.5 billion and a growth rate of 38%.
In the USA, revenues will grow by 28% to reach $49.1 billion.
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