DALLAS, May 8, 2012 /PRNewswire/ -- Parks Associates' latest global research finds Brazil is outpacing Russia, China, and India in its growth rate for pay-TV subscriptions and its household discretionary spending for movies, music, and games is nearly double that of China.
During 2011, pay-TV service subscriptions in Brazil increased by over 30%, and broadband service subscriptions grew by 20%, according to the firm's report Digital Lifestyles: Emerging Markets. By comparison, service growth in Russia and China is at or below 20%.
"While digital home opportunities are available in several emerging markets, the growth in Brazil is phenomenal," said Brett Sappington, Director, Research, Parks Associates. "The country is seeing the emergence of new broadband homes that are able to receive these products and services for the first time. Netflix, Samsung, and other major companies are moving quickly to capitalize."
Continued economic improvement in the country has increased demand for CE, and over one-fourth of Brazilian broadband households pay for an online video streaming service. Netflix recently entered this market, and LG Electronics plans to roll out its Google TV in Brazil in the near future. However, there is already intense competition from incumbents' VOD offerings. Operators, including Oi (Brasil Telecom), Net (Net Servicos de Comunicacao), Telefonica Brazil, and GVT, have increased their investments in infrastructure, expanding the availability and scope of services available to consumers.
Digital Lifestyles: Emerging Markets provides a holistic view of the consumer technology product and service trends that are impacting digital living in emerging markets, including Brazil, Russia, China, and India.
Parks Associates will present consumer research on broadband adoption, online video trends, and value-added services at CONNECTIONS™ at TIA, June 5-7, Dallas, Texas. Information about CONNECTIONS™ at TIA can be found at www.connectionsconference.com.
Parks Associates is supporting MVNOs Industry Summit LatAM 2012, May 29-30, in Sao Paulo, Brazil.
About Parks Associates: Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions.
Mindi Sue Sternblitz-Rubenstein
SOURCE Parks Associates