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Report: Home networks the next opportunity

Wed, 10/07/2009 - 8:05am
Brian Santo

The “connected home” might be the Next Big Thing in both the service provider and the consumer electronics industries, with a global market value growing by a compound average of 23 percent annually over the next five years to more than $10 billion in 2014, according to ABI Research.

“Service providers view home networking not only as an avenue to create consumer loyalty, but also as a new revenue-generating cash cow,” said ABI Research industry analyst Serene Fong.

Instead of pure voice or data services, service providers now include content, applications, networking and sometimes gaming, and even energy management, in their service offerings.

There are still obstacles to overcome before it’s possible to create a truly connected home, however.

“Service providers and equipment manufacturers should not rest on their laurels,” Fong said. “Price, product quality and end-user experiences still remain intensely competitive, and manufacturers will have to keep their customers satisfied before they can start hoping for real significant revenue growth.”

More Broadband Direct 10/07/09:
•  Blog: Despite economy, RCN Metro Optical finding sweet spot
•  Telco, DBS kicking cable butt in customer satisfaction
•  Comcast's digital upgrade continues in Bay area
•  SCTE to develop GIS standards
•  AT&T to expand Internet calling services on iPhone
•  Sprint, Virgin Mobile agree to settle lawsuits
•  Flo TV goes solo
•  Ciena bids $521M for Nortel business units
•  BroadSoft to buy Packet Island
•  Sigma Designs adds new home control chip
•  Sales of digital STBs in North America cool; China heats up
•  Report: Home networks the next opportunity
•  Broadband Briefs for 10/07/09

 

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