The home media servers market has been forecast to reach an industry value of US$141.3 billion by 2018, driven by the robust increase in volumes of digital entertainment content at home and the growing desire among consumers to access the same content from multiple devices.
A media server refers either to a dedicated computer appliance or to a specialised application software, ranging from an enterprise class machine providing video on demand, to, more commonly, a small personal computer or NAS (Network Attached Storage) for the home, dedicated for storing various digital media (meaning digital videos/movies, audio/music, and picture files).
The desire to find newer ways of entertainment has been steadily expanding the boundaries of a wide array of technologies including home entertainment.
While digitalisation of entertainment content paved the way for the increase in number of digital audio/video files, the introduction of compression technologies such as MP3 & MP4 facilitated storage of huge volumes of entertainment content on a single computer, thereby eliminating the need for audio & video cassettes or CDs for storage.
Accessing, storing and sharing digital media content has also undergone a sea change with the growing household penetration of high-end laptops, smart TVs and sound systems, all capable of playing multimedia files and connecting to a home network.
Traditionally, multimedia PCs have been the primary storage choice for media content. Currently, a broad range of dedicated product offerings capable of serving as media servers is available in the market including network-attached storage units, set-top boxes, and video game consoles.
Armed with media server software that can help them store digital media content and stream data to connected devices in a home network, these devices are driving growth in the market.
Asia-Pacific has been forecast to emerge as the fastest growing market with a projected compound annual growth rate (CAGR) of 34.6% through to 2018, led by China and India.
Key factors driving growth in this region include huge population; rising disposable incomes; growing consumer affluence; adoption of high-end electronics such as smartphones, notebooks; increasing broadband Internet subscriptions; and surging deployment of home network.
For more information on the home media servers market, see the latest research: Home Media Servers Market
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