Study: Consumers to Spend $229 Billion Annually on Digital Living by 2010
The Parks Associates’ study “Digital Living 2006 Forecasts” predicts that consumer spending on over 50 digital lifestyle categories will rise over the next few years to reach $229 billion by 2010. Kurt Scherf, vice president and principal analyst with Parks Associates, explains, “Recent investment and developments in such services as broadband access and television, including the shift to digital and IP delivery of communications and entertainment services, have given rise to a host of new digital living products and services.”
Entertainment-related categories such as gaming, music and on-demand video, are expected to have some of the greatest revenue. The study predicts that the growth of these markets will drive the sale of media centralization and distribution devices. Media server revenues, according to the forecast, will grow 140 percent by 2010 as a result. By that time, says the study, over 30 million households will have their own networked home entertainment system.
To find out more about “Digital Living 2006 Forecasts,” visit www.parksassociates.com
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