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CES news: CTA predicts US consumer tech sales to reach record level of US$422bn
14 Jan 2020 . BY Tom Walker
The CTA report expects the US digital health sector to reach 64 million devices sold during 2020 – bringing in total revenues of US$10bn during the year
Photo: Shutterstock
The last decade was about the Internet of Things – but now, we kick off a new decade defined by the Intelligence of Things
– Steve Koenig
The increasing popularity of streaming services and wireless earbuds – along with the introduction of 5G connectivity and artificial intelligence (AI)-enabled devices – are set to drive revenues in the US consumer tech industry to a record $422bn during 2020.

According to the Consumer Technology Association (CTA), retail revenues in the tech sector are expected to grow by nearly 4 per cent over the next 12 months.

Unveiled at the CES 2020 (Consumer Electronic Show) event last week, the CTA’s twice-yearly U.S. Consumer Technology Sales and Forecasts report also provided a predictions for the digital health device sector – covering smartwatches, fitness trackers and connected health monitoring devices, such as blood pressure monitors and smart scales.

The CTA expects the digital health category to reach 64 million devices sold – bringing in total revenues of US$10bn during the year.

“More and more consumers are embracing the faster connectivity, advanced intelligence and seemingly infinite content that technology offers today – pushing consumer technology industry revenues toward another record-setting year in 2020,” said Gary Shapiro, president and CEO, CTA.

“We’ll see advancements in 5G connectivity and AI play out across the CES 2020 show floor this week – from digital health to self-driving vehicles and smart homes – vital technologies that are changing our lives for the better.”

Steve Koenig, vice president of market research, CTA, added: "The last decade was about the Internet of Things – but now, we kick off a new decade defined by the Intelligence of Things.

“Connected intelligence defines today’s device ecosystem from consumer favorites such as smartphones and TVs to an expanding universe of smart home solutions making intelligent living spaces a reality. Over the next 10 years, the dynamic of connected intelligence will grow apace with advancing 5G networks and innovative applications of AI to propel the consumer tech industry forward — and with it consumer experiences, safety, health and more.”

• For more information on the CTA report, click here.

To watch the full presentation of the CTA report from the CES 2020 event, see below:


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PRODUCT NEWS
CES news: CTA predicts US consumer tech sales to reach record level of US$422bn
14 Jan 2020 . BY Tom Walker
The CTA report expects the US digital health sector to reach 64 million devices sold during 2020 – bringing in total revenues of US$10bn during the year
Photo: Shutterstock
The last decade was about the Internet of Things – but now, we kick off a new decade defined by the Intelligence of Things
– Steve Koenig
The increasing popularity of streaming services and wireless earbuds – along with the introduction of 5G connectivity and artificial intelligence (AI)-enabled devices – are set to drive revenues in the US consumer tech industry to a record $422bn during 2020.

According to the Consumer Technology Association (CTA), retail revenues in the tech sector are expected to grow by nearly 4 per cent over the next 12 months.

Unveiled at the CES 2020 (Consumer Electronic Show) event last week, the CTA’s twice-yearly U.S. Consumer Technology Sales and Forecasts report also provided a predictions for the digital health device sector – covering smartwatches, fitness trackers and connected health monitoring devices, such as blood pressure monitors and smart scales.

The CTA expects the digital health category to reach 64 million devices sold – bringing in total revenues of US$10bn during the year.

“More and more consumers are embracing the faster connectivity, advanced intelligence and seemingly infinite content that technology offers today – pushing consumer technology industry revenues toward another record-setting year in 2020,” said Gary Shapiro, president and CEO, CTA.

“We’ll see advancements in 5G connectivity and AI play out across the CES 2020 show floor this week – from digital health to self-driving vehicles and smart homes – vital technologies that are changing our lives for the better.”

Steve Koenig, vice president of market research, CTA, added: "The last decade was about the Internet of Things – but now, we kick off a new decade defined by the Intelligence of Things.

“Connected intelligence defines today’s device ecosystem from consumer favorites such as smartphones and TVs to an expanding universe of smart home solutions making intelligent living spaces a reality. Over the next 10 years, the dynamic of connected intelligence will grow apace with advancing 5G networks and innovative applications of AI to propel the consumer tech industry forward — and with it consumer experiences, safety, health and more.”

• For more information on the CTA report, click here.

To watch the full presentation of the CTA report from the CES 2020 event, see below:


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Frontline work has never been more important and frontline workers are the largest class of workers on the planet, as well as the most impactful group on the experience customers get.
Matrix takes its partnership with Renault Sport racing team up a gear
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Premier Software Solutions offers scalable software for single or multi-site businesses
Premier Software Solutions' flagship business management system, Core by Premier Software, is the leading single and multi-site solution designed specifically for the spa, wellness and leisure industries.
Power Plate kicks off campaign to support fitness industry deliver health and wellness in one solution
Power Plate, the global leader in whole-body vibration training equipment, is encouraging its community to stay fighting fit this winter with a campaign intended to encourage comfort and confidence, as well as boosting health and wellness.
Gympass sees success after pivoting to digital
As the COVID-19 lockdown forced the temporary closure of businesses across the country, the outlook for companies supplying services to corporate partners looked precarious.
Annual Fitness & Active Brands Summit offering invaluable insight from over 40 leading industry speakers
Join the second Annual Fitness & Active Brands Summit and walk away with the expertise you need to transform your business model and maximise the US$59.23bn virtual fitness market opportunity.
Cryotherapy specialists, L&R Kältetechnik, launch new artofcryo.com division
L&R Kältetechnik has launched a new division, named artofcryo.com, after 30 years’ experience with -110 °C electrical solutions.
Life Fitness introduces new Axiom Series of strength equipment
Life Fitness has launched a new line of strength equipment targeting the commercial market.
CAWS unveils new programme designed to help trainers work with guests recovering from COVID-19
Educational company, CAWS, has launched a new programme to help educate trainers on how to support members recovering from COVID-19.
Core Health & Fitness announces Michel Somford as director of European sales
Core Health & Fitness has appointed Michel Somford, a 25-year industry veteran, as director of European sales.
The Virtual Revolution: Hutchison Technologies help operators motivate members
Hutchison Technologies virtual solutions are helping operators expand their virtual offering and get motivated members back into the club.
Volution explains how to drive the lifetime value of members through virtual engagement
In April 2020, two-thirds of the world’s gyms went into temporary closure due to COVID-19.
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Committed to exceptional performance, long-lasting partnerships and superior service, Octane bold [more...]
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Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2020

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