By 2017, more than eight billion internet connected video devices will be installed worldwide, exceeding the total number of people living on the planet, says a new report by IHS forecasts. As per the estimates, the global population at that time is projected at 7.4 billion, which means that the world will have an average of 1.1 devices per person.
The installed based of video enabled devices will reach 4.3 billion this year and will witness an increase of almost 90% between 2013 and 2017 when the numbers will hit 8.2 bn – the category of such devices however include a diverse range of prroducts including tablets, smart TVs, games consoles, smartphones, connected set top boxes, Blu-ray players and PCs.
With the time, people’s preference towards technology and communication products has however taken a swift change. With PC being the hot topic in 80’s and early 90’s, its quite astonishing how technology advancements has affected global PC industry. According to the report, PC’s are expected to account for only 23% of the connected installed base by 2017, down from 93% in 2005, with smart TVs expected to account for 5%, games consoles for 2% and tablets and smartphones together for 67%.
“On average every human being in the world will possess more than one internet-connected video device by the year 2017—a major milestone for the electronics market,” said Merrick Kingston, senior analyst, Broadband Technology, at IHS. “In practice, ownership of internet-connected hardware will be concentrated among users whose homes are equipped with broadband connections. We’re quickly approaching a world where the average broadband household contains 10 connected, video-enabled devices. This means that each TV set installed in a broadband-equipped home will be surrounded by three internet-connected devices.”
Talking of geographic boundaries, The number of connected devices in the mature North American and Western European regions will grow at a relatively modest CAGR of 10 per cent from 2013 to 2017.
In contrast, Asia-Pacific will expand at 20 per cent during the same period. Driven largely by Chinese demand, Asia-Pacific will add 1.9 billion connected devices to the global installed base between 2013 and 2017 – making it one of the promising market for connected devices across the globe.
Well its not just the total video devices that will exceed world population in 2017, according to the Cisco Visual Networking Index Global Mobile Data Traffic Forecast report, the number of mobile-connected devices will exceed the number of people on earth, by the end of this year, and by 2017 there will be nearly 1.4 mobile devices per capita.In terms of mobile data traffic generation, the Asia-Pacific region is projected to generate the most mobile data traffic with 5.3 Exabytes per month while other regions such as Western Europe and North America will generate 1.4 and 2.1 Exabytes per month respectively.
With the world getting connected via internet – it would not be wrong to say that the new potential small businesses and consumers – using internet technologies – will expand to local and global markets in future, giving birth to new business models and other tech innovations. Moreover, Internet will now be a place that better reflects the world’s true diversity.
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