IoT Adoption, Emerging Tech Driving Industry Revenue Growth

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Emerging Tech: 4K UHD Ecosystem

2016 will be a flagship year for 4K Ultra High-Definition (4K UHD) TVs, driven in part by the market introduction of next-generation technologies like HDR. CTA expects shipments of 4K UHD displays will reach 15 million units (a 105 percent increase), and revenue will exceed $12.9 billion (a 69 percent increase). New to the market in 2016, 4K UHD Blu-ray players will further build the 4K UHD ecosystem with 700,000 units sold and $63 million in revenue.

The Internet of Things is fueling a revolution of connectivity across the world. From businesses to consumers, IoT technology is opening up brand new frontiers for monitoring, controlling and accessing data anywhere, anytime. According to a recent forecast by Consumer Technology Associates (CTA), broad adoption and enthusiasm for IoT technology will drive the consumer industry to a whopping $286.6 billion in retail revenue this year, an increase of 1.3 percent over last year.

"We're in the midst of a critical transition period, as more IoT products offer the anytime/anywhere access and seamless experiences that today's consumers want and need," said Gary Shapiro, president and CEO, CTA. "This is a pivotal point in consumer technology history, as emerging tech categories – virtual reality, voice-controlled digital assistants, drones – push the entire industry forward. And the value of these innovations goes far beyond entertainment – today's technology is changing our lives for the better."

According to CTA’s industry report, "U.S. Consumer Technology Sales and Forecasts," while the five largest tech categories (smartphones, tablets, LCD televisions, laptops and desktop computers) will account for about half of the tech industry's revenue this year, the story will change in 2017. Next year, CTA predicts that emerging tech will account for more than half of all consumer tech revenue.

 

Related Topics : Blade Servers, Business Integration, Ethernet, LAN, Network Protocols

 
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