Wireless Multimedia Market Could Grow 20-Fold by 2010

Press Release - 6:40 am on January 3, 2007

The ongoing adoption of next-generation networking specifications will boost the wireless multimedia market in the years to tome, according to a recent report by Parks Associates.

Parks estimates that annual shipments of wireless multimedia-capable devices, including PCs, networking gears, and consumer electronics, will increase from 2.5 million in 2006 to around 52 million in 2010.

“Multiple factors are driving the move by both manufacturers and service providers in embracing wireless connectivity,” explained Parks Associates vice president and principal analyst, Kurt Scherf. “Service providers are looking for greater ownership in developing home networking solutions, operators need to reduce CAPEX costs in deploying home networking equipment, new content services are on the rise, and consumers are invariably in favor of eliminating cables.”

“These are all positive signs that the 802.11n and WiMedia solutions - among the many home networking options - will continue to drive growth in new home networking applications,” Scherf went on to say.