Digital Home Device Sales Break $100 Billion Barrier
Newcomers Intel, Apple Challenge Traditional Vendors For Market Leadership
Boston, MA -/January 11, 2006 - Wi-Fi Technology News/- The digital home industry came of age in 2005 as global revenues surged past the $100 Billion mark for the first time, according to new research from the Strategy Analytics Connected Home Devices service.
Star products such as digital flat panel TVs, MP3 players and portable games consoles helped drive retail revenues to $118 Billion, a growth rate of 25 percent. 2006 will be another record year, according to the study, with revenues forecast to exceed $150 Billion. Hot growth sectors in 2006 will include entertainment PCs, next generation games consoles such as Xbox 360 and PS3, and new HD-DVD and Blu-ray Disc players.
"Consumers worldwide are embracing the digital home," says Peter King, Director, Director, Connected Home Devices. "Further waves of new technologies and emerging digital product segments will support significant revenue growth for years to come."
David Mercer, Vice President and Principal Analyst, notes, "The next few years will see unprecedented challenge and opportunity for technology players throughout the digital home industry. With new entrants like Intel and Apple betting billions on future market leadership, established leaders like Sony and Samsung must deploy next-generation technologies that support innovative customer experiences."
This report, "Quantifying The Digital Home Opportunity: A Global Forecast For Connected Home Devices," includes regional and technology segmentations and 5-year volume and revenue forecasts. It covers Flat Panel TV, DVD Players and Recorders, Set-top boxes, DVRs, Games Consoles, Audio systems, Digital Cameras, Portable MP3, Media and Games players, Entertainment PCs and IP Cellphones.
For a chart, "Global Digital Home Market 2005, Total Retail Revenues," see
http://www.strategyanalytics.com/press/PR00244.htm
About Strategy Analytics
Strategy Analytics, Inc. - a global research and consulting firm - provides timely insights and strategic business solutions to companies operating at the convergence of information, communications and entertainment technologies. With worldwide headquarters in Boston, MA. and principal offices in England, France and Germany, Strategy Analytics focuses on market opportunities and challenges in the areas of Automotive Electronics & Multimedia, Digital Consumer, Wireless Strategies and Enabling Technologies. For more information, see
http://www.strategyanalytics.com
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