In a new report from Parks Associates titled “Digital Living 2006 Forecasts” they predict consumer use of the Internet and mobile services will increase US spending in the digital living services close to $300 billion by 2010.
“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,” said Kurt Scherf of Parks. “As we close the first decade of this century, the companies and service providers that can build strong links between access, content, and end-user platforms will capture a substantial share of this multibillion dollar industry.”
The study, which analyzes 50 digital lifestyle categories, says there will be an increase in US household spending for digital services and products over the next five years. Fueling the increase in US household spending will be broadband and communications services which will account for $229 billion in 2010.
According to the “Digital Living 2006 Forecasts” the strongest areas of growth in the next five years will be gaming, music, and on demand video. These services will in turn drive the sale of media centralization and distribution solutions in U.S. households. Between 2006 and 2010, revenues from media servers will grow 140%, and the number of connected entertainment solutions will increase substantially during the same time period.
Parks analysts predict that 30 million households will have a network that brings together various products and expands entertainment to any room in the home.
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Mike is a staff writer for Murdok. Visit Murdok for the latest ebusiness news.
