Proof Point

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CTA projects sales of consumer technologies to reach $351 billion in 2018 from $295 billion in 2013, a rise of 3.5% per year

U.S. Retail Sales of Consumer Technologies
2013 – 2018F (US$ billions)

Proof Point Findings:
  • Consumer Technology – Include hardware, software, and streaming services used by consumers, such as smartphones, connected speakers, drones, virtual reality, smart televisions, consumer applications, and more
  • Continuous Sales Increase – Consumer Technology Association (CTA) forecasts sales of consumer technologies to reach $351 billion in 2018, a 3.5% per year growth from $295 billion in 2013
  • Key Growth Drivers – Include increased consumer demand, enhanced connectivity, growing competition, new technological advances, high investment in research and development, drop in costs of products, more advanced applications, and improving economy
Sectors: Consumer Durables, Information Technology
Source: 

Date Last Updated: May 15, 2018

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