Close to ten million U.S. households will have a networked storage device by 2010

The number of U.S. households with a networked storage device will grow from 300,000 at the end of 2004 to nearly 10 million by 2010, according to Storage and Management for the Connected Home, a new report from Parks Associates.


For Immediate Release
Contact: Jenny Barrett
Parks Associates
972 -490 -1113
Email: jenny@parksassociates.com

Close to ten million U.S. households will have a networked storage device by 2010

September 15, 2005 Dallas, TX - The number of U.S. households with a networked storage device will grow from 300,000 at the end of 2004 to nearly 10 million by 2010, according to Storage and Management for the Connected Home, a new report from Parks Associates.

A networked storage device connects to a router and allows shared access among multiple PCs and other networked devices, as defined in the report. The addressable market for these devices includes households with home networks and those with multiple PCs. By 2010, 17% of U.S. households with multiple PCs and one -fourth of those with a home network will have a networked storage device.

"Consumers, once they realize the danger of losing their valuable digital assets to hard drive crashes, virus attacks, or other uncontrollable events, feel a strong need for a robust backup solution," said Yuanzhe (Michael) Cai, senior analyst at Parks Associates. "For households with multiple PCs or a home network, a centralized storage that can be shared among multiple platforms makes a lot of sense."

Storage and Management for the Connected Home identified several factors that are driving this market, including declining price, the entry of major hard drive and home networking companies, consumer awareness campaigns sponsored by these vendors, the emergence of system -on -a -chip solutions, and better designed software solutions.

"The industry will push 400,000 -600,000 units through the channel in 2005," Cai said. "To further grow the pie, vendors need to educate consumers about the importance of frequent and systematic backup, increase consumer awareness of networked storage solutions, collaborate with retail channels, and focus on simple, automatic backup and easy sharing as the primary value propositions."

Storage and Management for the Connected Home examines the market for two advanced connectivity concepts - secure and easy -to -use storage / backup solutions and network management offerings. It provides an overview of the industry, profiles leading players and solutions, offers primary consumer data regarding adoption and interest, and forecasts market growth.

For more information about Storage and Management for the Connected Home, please visit http://www.parksassociates.com or contact Parks Associates at 972 -490 -1113 or sales@parksasscicates.com.

Featured Product

Light sockets; Not just for lights anymore

Light sockets; Not just for lights anymore

Smart Bulbs are out there and they can do far more then just provide light. Speakers, projectors, wi-fi extenders and more. The standard light socket that is wired up and ready to go in nearly every home in North America is now providing an easy and affordable option for home owners and renters alike to enter into the world of the "Smart Home". Here is a look at some of the Smart Bulbs and Smart Lighting options out there, and this list is just the beginning. In this ongoing article we hope to continue to add to and grow this list, so stay tuned!