It is henceforth clear that, technology is constantly and continuously reinventing itself in our ever-connected world where the programmed-obsolescence is a business and commercial strategy.
The U.S. consumer technology industry is one of the most exciting that offers a
myriad of products and services. Steadily, emerging
technologies including virtual reality, voice-controlled digital
assistants, wearables, smart home devices, and drones, to name a few are pushing
the entire industry forward.
According to the Consumer Technology
Association’s (CTA)™ semi-annual forecast, broader adoption of the Internet of Things
(IoT) and enthusiasm for emerging technology will drive the U.S. consumer
technology industry to $286.6 billion in retail revenues ($224 billion
wholesale) in 2016.
Five largest categories of the tech industry, including smartphones, tablets, LCD
televisions, laptops and desktop computers, are expected to collectively
contribute $114 billion or 51 percent, to the tech industry’s revenue this year.