Ten Million U.S. Households Will Have a Networked Storage Device by 2010

Sep 15, 2005

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.

Explore further: Android gains in US, basic phones almost extinct

add to favorites email to friend print save as pdf

Related Stories

Heartbleed bug causes major security headache (Update 3)

Apr 09, 2014

A confounding computer bug called "Heartbleed" is causing major security headaches across the Internet as websites scramble to fix the problem and Web surfers wonder whether they should change their passwords to prevent the ...

Carbon nanotubes find real world applications

Mar 31, 2014

No one disputes that carbon nanotubes have the potential to be a wonder technology: their properties include a thermal conductivity higher than diamond, greater mechanical strength than steel – orders of ...

Rain used to illuminate low income homes

Mar 25, 2014

By collecting rainwater, students of the Technological University of Mexico (UNITEC) were able to generate electricity using a microturbine and supplying the vital liquid to homes in a poor community in Iztapalapa, ...

Managing renewables intelligently

Mar 25, 2014

Although more and more of our electrical energy is coming from sources where supply is variable – whether from wind turbines, solar parks or biomass facilities – grid structures, industry and private ...

Recommended for you

Health care site flagged in Heartbleed review

1 hour ago

People with accounts on the enrollment website for President Barack Obama's signature health care law are being told to change their passwords following an administration-wide review of the government's vulnerability to the ...

Airbnb rental site raises $450 mn

1 hour ago

Online lodging listings website Airbnb inked a $450 million funding deal with investors led by TPG, a source close to the matter said Friday.

Four questions about missing Malaysian plane answered

1 hour ago

Travelers at Asian airports have asked questions about the March 8 disappearance of Malaysia Airlines Flight 370 while en route from Kuala Lumpur to Beijing. Here are some of them, followed by answers.

Android gains in US, basic phones almost extinct

14 hours ago

The Google Android platform grabbed the majority of mobile phones in the US market in early 2014, as consumers all but abandoned non-smartphone handsets, a survey showed Friday.

User comments : 0

More news stories

Health care site flagged in Heartbleed review

People with accounts on the enrollment website for President Barack Obama's signature health care law are being told to change their passwords following an administration-wide review of the government's vulnerability to the ...

Airbnb rental site raises $450 mn

Online lodging listings website Airbnb inked a $450 million funding deal with investors led by TPG, a source close to the matter said Friday.

Impact glass stores biodata for millions of years

(Phys.org) —Bits of plant life encapsulated in molten glass by asteroid and comet impacts millions of years ago give geologists information about climate and life forms on the ancient Earth. Scientists ...