Online TV Download Market Set To Grow

Online TV Download Market Set To Grow

Multimedia providers have been advised to consider testing out the Internet television download market.

Adams Media Research estimated that annual consumer spending on video downloads via the Internet would reach $4.1 billion dollars by 2011. Last year, the Internet TV download market generated revenues totaling $111 million. Tom Adams, president of Adams Media Research, commented: "The internet is going to revolutionize the distribution of video."

The firm believes that the release of new products from names such as Wal-Mart, Apple and Amazon could result in a dramatic increase in consumer spending on downloads. These companies already offer consumers the chance to download premium movie and TV content.

Adams Media Research stated that new devices to download and view high-definition content will also play a part in boosting the sector, as many consumers will want to be able to purchase the latest gadgets.

"Most likely you'll see the growth spurred by the introduction and sale of hardware devices that can convert videos downloaded from the Internet into signals that can be played on high definition television sets," states Mark Weibel EVP of Marketing for Broadband National, who operates the industries leading comparative shopping website.

For more information on wireless networks and other digital products and services visit www.broadbandnational.com