Scottsdale, AZ (March 29, 2005)–New digital delivery services are not likely to supplant the DVD business, but rather bring digital entertainment to people by adding either convenience or accessibility that complements what the “packaged goods” can provide, reports In-Stat.
More consumers want instant access to video on their TV sets, portable devices and cell phone handsets, but DVDs will continue to be a popular medium and will continue to experience substantial growth. The worldwide value of all published DVD products is expected to grow with a compound annual growth rate of 18.2 percent, from about $33 Billion during 2004, up to $76.5 Billion by 2009, the high-tech market research firm says.
In North America, HD DVD will jump start a round of growth for High-Definition versions of Hollywood movies, as consumers begin replacing their libraries of old VHS tapes and DVDs. HD DVDs will appear later this year, to take advantage of the growing installed base of HDTV sets in the US. However, In-Stat expects Blu-ray products to take off in Asia in 2006, and in Europe and the rest of the world during 2007. Music videos, DualDisc products and locally produced DVDs will account for 20 percent of the market value by 2009.
In-Stat also found the following:
Point-of-sale systems, like those from Rimage, will be connected to secure networks that are already in place to support digital signage applications. These kiosks will be used to burn DVD discs on command.
Outside of North America, Blu-ray discs will become the dominant High-Definition format.
Professional quality DVD authoring packages are becoming widely available, which will increase the market for locally produced DVDs.
By 2009, nearly 55 percent of all TV households will be connected to at least one of the non-traditional network delivery systems (cable, satellite networks, DTV, broadband).
In-Stat Market Research