Consumer Enthusiasm for Connectivity to Propel Tech Industry to Record-Setting Revenues
Increasing consumer enthusiasm for the Internet of Things (IoT) and adoption of emerging technology will drive the U.S. consumer technology industry to $292 billion in retail revenues ($228 billion wholesale) in 2017, according to new research from the Consumer Technology Association (CTA) unveiled in advance of CES 2017. Smart home devices, wearables and 4K Ultra HD televisions will help produce 1.5 percent year-over-year (YOY) growth in industry revenues.