CONNECTED DEVICES WILL ACCOUNT FOR 70 PERCENT OF CONSUMER ELECTRONIC DEVICE MARKET VALUE IN 2011

Seventy percent of Consumer Electronic (CE) industry 2011 revenues will come from Internet connectable devices, according to the latest research from the Strategy Analytics Connected Home Devices (CHD) service. Internet connectivity has become a key feature for the majority of CE devices, whose global installed base will reach the two billion unit mark by the end of the year. “While connected flat panel TVs, set-top boxes and DVRs still represent a small portion of their respective product segments, sixty-eight percent of all CE devices sold this year will be connectable to the Internet.” says Peter King, Director at Strategy Analytics. According to this report, 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. Global connected TV device revenues will total in excess of $95 billion in 2015, representing more than one-quarter of the overall connected device market.
 

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