Editor ©RapidTVNews | 18-08-2011
The true extent of just what a connected world it is has been shown by research revealing that connected CE devices will account for 70% of the CE market’s value by the end of 2011
According to the research from the Strategy Analytics Connected Home Devices (CHD) service, connectivity has become a key feature for the majority of CE devices, whose global installed base is projected to reach the two billion unit mark by the end of the year.
And of all the segments investigated in Global Connected Consumer Electronics (CE) Devices Market Forecast, connected TVs represent one of the biggest growth opportunities over the next five years as major vendors, such as Samsung, LG and Sony, push their Smart TV initiatives. The analyst calculates that global connected TV device revenues will total in excess of $95 billion in 2015, representing more a quarter of the overall connected device market and adds that by this time two-thirds of all flat panel TV units sold will be connected TVs.
“This represents a 38% compound annual growth rate over the next five years,” explained Jia Wu, Senior Analyst in the Digital Consumer Practice. “Although growth in the overall TV market will be modest, the market value of connected TVs will more than double during the same period.”