DVD Market Expected to Grow
Posted on April 5, 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 In-Stat says 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%, from about $33 billion during 2004, up to $76.5 billion by 2009, the high-tech market research firm says.
Professional quality DVD authoring packages are becoming widely available, which will increase the market for locally produced DVDs with all kinds of "content" from local movies, musical groups, churches, museums, businesses and regional video producers. By 2009, nearly 55% of all TV households will be connected to at least one of the non-traditional network delivery systems such as cable TV, satellite networks, digital terrestrial TV or broadband TV service.
