Research from the Digital Entertainment Group shows that Internet video streaming subscriptions jumped 430 percent over 2011 levels, while video-on-demand grew 11.6 percent during the same time period.
Consumer spending on home entertainment also increased 1.4 percent to $8.4 billion. As streaming continues to grow in popularity, many companies are seeking to cash in on the opportunity.
According to Forrester Research (News - Alert), people will watch video on approximately 3.5 different devices each week. Of that viewing time, 40 percent will be viewer controlled – meaning that users will stream video through services like Netflix or record programming to watch later.
Entropic Communications, Inc., a semiconductor company specializing in creating the connected home, is positioned to assist pay-TV operators as they transition to IP and hybrid video distribution. Entropic’s (News - Alert) solutions bring content into the home as well as streaming HTML5, as well as advanced graphics content using open-standards set top boxes.
“As the only pure-play platform semiconductor company in connected home entertainment, we are delivering a portfolio of connectivity and set top box system-on-a-chip solutions that reliably and securely deliver and process multimedia content throughout the home,” explained Dr. Anton Monk, co-founder and vice president of technology at Entropic.
Entropic, for example, offers Multimedia over Coax (MoCA) and Wi-Fi extenders to link broadcast content to tablets and smartphones, allowing users to watch television at any location and on any device.
Additionally, Entropic’s Broadband Access Network Controller and Customer Premise Equipment products create a high-bandwidth home network by bridging 100 Mbps WAN connectivity into a MoCA backbone.
Entropic is the world’s most profitable company in the home networking application specific standard products sphere and commands 38 percent market share, according to the Linley Group.
The company plans to demonstrate its solutions at a seminar entitled “What’s New and Next” in connected home entertainment delivery during IBC2012, which will run from September 7 through September 11 in Amsterdam. Visitors can attend the demonstration in private meeting suite G106/107.
Want to learn more about how video is helping to transform the industry? Don’t miss Video World Conference & Expo, collocated with ITEXPO West 2012 taking place Oct. 2-5, in Austin, TX. Stay in touch with everything happening at Video World Conference & Expo. Follow us on Twitter.
Edited by Allison Boccamazzo