Internet-Connected TVs Look Set to Take Off

by Nate Wooley | November 7, 2012 11:42 am

[1]The growth of Internet television is predicted to increase over the next five years[2], especially in Europe, Asia and the U.S.

According to a report by Digital TV Research[3], the current worldwide base of Internet-connected televisions is 212 million. The amount in the U.S. is thought to be 78 million. By 2017, those numbers are each expected to more than double to a worldwide total of 596 million and 147 million here at home.

Chinese and Japanese usage will be going up as well. Internet television usage in China is set to grow from 2 million in 2010 to 93 million by 2017. Meanwhile, Japanese installation will rise from 13 million in 2010 to 43 million.

Right now, the most popular means for televisions to be connected to the Internet is through a game console. The report predicts that televisions that are specifically designed to connect to the Internet without an additional device will overcome consoles in the near future, though.

The study also predicts that connected TVs will grow from 4.7% of all televisions in 2010 to 21.4% by 2017. While the U.S. is expected to have the highest percentage of Internet televisions, it will be followed closely by Norway and South Korea.

More about television:

• Yahoo and Samsung Ink Interactive TV Deal[4]
• What to Know About Boxee TV[5]
• Dish Network, Viacom Discuss Internet TV Deal[6]

Source URL: http://investorplace.com/2012/11/internet-connected-tvs-look-set-to-take-off/
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