Multimedia networking to drive networking semiconductor market to $2.3 bln in 2008

Multimedia networking will drive the home networking semiconductor market over the next five years, as revenues grow 12% per year to reach over $2.3 billion in 2008, according to In-Stat/MDR. The high-tech market research firm reports that this growth will come despite decreasing per unit prices.

Entertainment servers in the home will also drive the demand for network-oriented media processing engines, which In-Stat/MDR believes will be a $700 million market by 2008. Ethernet and wireless LAN will represent the lion