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: BofA to refund Apple Pay customers charged twice

add to favorites email to friend print save as pdf

Related Stories

S. Korea rumor crackdown jolts social media users

Oct 05, 2014

South Korea's president is cracking down on rumors in cyberspace in a campaign that threatens the popularity of Kakao Talk, the leading social media service in a country with ambitions to become a global ...

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 ...

HTC phone users to power up scientific research

Feb 25, 2014

HTC announced at Mobile World Congress on Monday its new Power To Give project, which aims to donate processor power to scientific research. Planning on bringing together the power of millions of smartphones, ...

Recommended for you

Tablets, cars drive AT&T wireless gains—not phones

5 hours ago

AT&T says it gained 2 million wireless subscribers in the latest quarter, but most were from non-phone services such as tablets and Internet-connected cars. The company is facing pricing pressure from smaller rivals T-Mobile ...

Twitter looks to weave into more mobile apps

5 hours ago

Twitter on Wednesday set out to weave itself into mobile applications with a free "Fabric" platform to help developers build better programs and make more money.

Blink, point, solve an equation: Introducing PhotoMath

7 hours ago

"Ma, can I go now? My phone did my homework." PhotoMath, from the software development company MicroBlink, will make the student's phone do math homework. Just point the camera towards the mathematical expression, ...

Google unveils app for managing Gmail inboxes

7 hours ago

Google is introducing an application designed to make it easier for its Gmail users to find and manage important information that can often become buried in their inboxes.

User comments : 0