By Michelle Gamble-Risley, director, HomePNA Marketing and PR
Strong revenue reports coming out of the network-connected media device market bode well for the overall home networking marketplace this year despite the worldwide recession. You can get excited about ABI Research’s new report forecasting that total revenues from network-connected devices will rise from $74 billion this year to over $94 billion in 2010. “Network connected media devices such as game consoles, TVs, and set-top boxes offer an opportunity for ‘core networking’ companies to reorient themselves away from a declining market,” says ABI Senior Analyst Jason Blackwell.
This news comes on the heels of AT&T’s recent announcement (which we faithfully bragged about last week) that their U-Verse subscriber rates grew at a nice clip last quarter. News out of these sectors indicates that the home networking market in general is not suffering at the hands of a bad economy – and since some news analysts suggest the economy may bottom out soon – the future continues to look bright. Members of HomePNA that provide home-networked connected devices have something to smile about. If you haven’t become a member and your company isn’t thriving right now, look at the opportunity – it’s absolutely where the market is growing.