Parks Associates releases new research on the connected consumer electronics market
New reports recently released by Parks Associates looks into trends in the consumer electronics, digital audio devices and services, and streaming media segments. All three provide in-depth analysis of industry trends and consumer research, forecasts, business model strategies, and recommendations for players within the key market segments.
One major highlight from the reports is that Parks Associates expects that the global annual unit sales for streaming media devices will increase from 30 million units in 2013 to 86 million units by 2019. Further, they predict that more than 330 million 4K UHD TVs will be sold globally by the end of 2019—an increase from the 2 million sold in 2013. And by 2020, Parks Associates believes nearly 97 million wireless speakers will be sold globally.
“The number of connected CE categories and devices continues to expand as companies look to disrupt the market,” Stuart Sikes, President, Parks Associates, said in a statement. “The key priorities for our research are to identify emerging business models, effective partnerships, and engagement strategies that help develop profitable consumer products and services.”
Park Associates’ newly released research includes:
Connected CE: Trends and Innovation is a report that focuses on the market innovations and trends within the connected CE ecosystem. It examines mature categories like smart TVs, gaming consoles, streaming media devices, and Blu-ray players as well as “disruptive technologies and innovations.”
Digital Audio for the Connected Consumer focuses on growth trends and the future outlook for key audio devised as well as the implications for digital audio content and services as consumers begin accessing these services in the connected home and through connected CE.
The Streaming Media Device Landscape examines future strategies for major streaming media devices as well as the growth of the market, the impact of new entrants, and the outlook for the streaming media device space.