ruk.blog

Home Networking penetration will grow nearly 50 percent by the end of 2008, according to a new study from Parks Associates.

The study says home networking will reach 168 million households worldwide by the end of 2008. Households with networking solutions for broadband and file sharing totaled 114 million in 2006, according to Parks Associates.

The study says this growth will lay the foundation for expansion of multimedia services internationally.

“Broadband growth pushed Europe ahead of North America in terms of home network adoption,” says Kurt Scherf, vice president, principal analyst, Parks Associates.

“With the network in place, providers will tie in high-demand entertainment services. By 2012, over one-third of networked nodes worldwide will have entertainment or multimedia functionality, with particularly strong growth in IPTV services.”

Scherf says European broadband providers are the leaders in deploying home networking solutions that provide basic broadband-sharing features.

Parks Associates also says the sales of NAS devices will reach 13 million units by 2012, attributing the growth to the ever-growing desire for digital content.

This seems to be an unstoppable trend, as consumers continue to demand rich media entertainment — on any and all digital devices. At iMemories, we believe that personal media entertainment — home movies in digital video format — will become a dominant form of entertainment.