Parks Associates: U.S. On-Demand Internet Content Revenues to Approach $9 Billion by 2010.DALLAS -- Consumer Spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. for Internet Entertainment Services to Grow 260% in Five Years; Global Home Network and Broadband Penetration to Grow Significantly During Same Time U.S. consumer spending for online entertainment, including on-demand gaming, music and video services, will grow by 260% in the next five years, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Digital Lifestyles: 2006 Outlook, a new study from Parks Associates. Driven by broadband usage and innovations in digital entertainment platforms and content services, revenues will grow from $2.4 billion in 2006 to nearly $9 billion in 2010. "This year will be a watershed watershed, elevation or divide separating the catchment area, or drainage basin, of one river system or group of river systems from another system or group of systems. The term is also often used synonymously with drainage basin. for delivering to consumers an array of new entertainment experiences," said Kurt Scherf, vice president and principal analyst, Parks Associates. "Thanks to broadband proliferation proliferation /pro·lif·er·a·tion/ (pro-lif?er-a´shun) the reproduction or multiplication of similar forms, especially of cells.prolif´erativeprolif´erous pro·lif·er·a·tion n. and growing cooperation between content producers and other members of the digital entertainment value chain, we'll see significant product and service announcements throughout 2006." Scherf indicated that the online video market -- including such providers as Movielink, CinemaNow, Apple iTunes(R), and Akimbo Systems -- will be active in 2006, as PC and consumer electronics manufacturers seek to expand their influence by offering more integrated networked A network that supports both data and voice and/or different networking protocols. See converged network and new public network. solutions to end users. Digital Lifestyles: 2006 Outlook also includes global forecasts for consumer broadband users, home data networks and multichannel Using two or more paths for transmission or processing. It can refer to a variety of architectures including (1) multiple I/O channels between the CPU and peripheral devices, (2) multiple wires in a cable, (3) multiple "logical" channels within a single wire or fiber or (4) multiple IP video services ("Telco TV" or "IPTV (Internet Protocol TV) Also called "TV over IP," IPTV delivers scheduled TV programs and video-on-demand (VOD) via the IP protocol and digital streaming techniques used to watch video on the Internet. " services). --The number of worldwide consumer broadband subscribers will grow from 184 million in 2005 to more than 360 million in 2010; --The number of households worldwide using data networking equipment will grow from approximately 82 million in 2005 to more than 135 million in 2010; and --Worldwide subscribers to IP multichannel video services (IPTV) will grow from approximately five million in 2005 to nearly 70 million in 2010. Digital Lifestyles: 2006 Outlook provides an overview and projections of the key digital lifestyle trends for 2006 and beyond, including services and platforms. For more information about Digital Lifestyles: 2006 Outlook, please contact Parks Associates at 972-490-1113 or sales@parksassociates.com or visit http://www.parksassociates.com. About Parks Associates: Founded in 1986, Parks Associates is a market research and consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a focused on all product and service segments that are "digital" or provide connectivity within the home. The company's expertise includes home networks, digital entertainment, consumer electronics, broadband and Internet services, and home systems. http://www.parksassociates.com |
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