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: BlackBerry sets new phone launch in revival bid

add to favorites email to friend print save as pdf

Related Stories

Is your USB stick the enemy?

Aug 12, 2014

Computer users everywhere are looking at the USB stick sat next to their computer this week with trepidation. Many are now wondering if this trusted friend has turned against them now that cybersecurity experts ...

The powerful potential of microgrids for livable cities

Jul 08, 2014

A majority of the world's population now lives in cities, which consume 75 percent of the world's resources and emit most of its greenhouse gases. The United Nations estimates that by 2050, an additional ...

Recommended for you

A 3D-printed laptop prepared for crowdfunding campaign

1 hour ago

Using PLA filament, a small London-based team have managed to achieve the 3D printing of their own Raspberry-Pi-based laptop, with a battery life of six to eight hours and Wi-Fi enabled out of the box. They ...

Paraffins to cut energy consumption in homes

2 hours ago

Thermal energy storage is a common strategy in energy production systems in which the period of production does not coincide with that of consumption. This happens with the production of hot water by means ...

Daily that challenged LA Times shuts down

4 hours ago

The Los Angeles Register, a newspaper launched earlier this year to challenge the region's dominant Los Angeles Times, announced Tuesday it was shutting down.

User comments : 0