In-Stat announced that, with home networking adoption passing 50% of households in North America and 13% worldwide, the consumer network storage (CNS) market is seeing continued growth. Web-enabled consumer devices, such as TVs and Blu-ray Disc (BD) players, are further diversifying the demand and applications for consumer network storage devices.
According to the statement, recent research by In-Stat found the following:
* The consumer network storage market will grow at a compound annual growth rate of nearly 40% between 2009 and 2014.
* 27% of North American consumers that own a network-capable video game console use the devices to watch video that is stored elsewhere on the home network.
* North America was the largest CNS market in 2009. Starting in 2011, Europe will become the leading CNS market.
* Consumer network storage capacities up to 1.5 terabytes will peak in 2011, giving way to even higher capacities.
“Consumer network storage (CNS) devices increase the content that can be stored and distributed via the home network,” says Norm Bogen, In-Stat analyst. “This increases the value of the entire home network to its users, as well as enabling new applications and capabilities.”
For more information visit: www.instat.com