IoT Adoption, Emerging Tech Driving Industry Revenue Growth

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14
Previous IoT Adoption, Emerging Tech Driving Industry Revenue Growth-1 Next

IoT Fueling Industry Revenue Growth

Click through for more on how emerging technology fueled by IoT connectivity will change over the coming months, as identified by Computer Technology Associates (CTA).

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

More Slideshows

IIoT IIoT Gaining Momentum in Adoption and Results

Cost reduction has been the main driver of IIoT adoption. Other contributors are the emergence of ancillary and complementary technologies, including low-power hardware devices, the cloud, Big Data analytics, robotics and automation and smart sensors. ...  More >>

InfoBuildersIoTData0x Capitalizing on IoT Data: The Golden Rule for Data Success

The key to truly capitalizing on IoT data is a well-established, integrated information management strategy. ...  More >>

Global33-290x195 2017 and Beyond: How Digital Innovation Will Impact the World

Digital innovation is by far the biggest influencer, changing the way we do just about everything, from shopping to communication to running a business. ...  More >>

Subscribe Daily Edge Newsletters

Sign up now and get the best business technology insights direct to your inbox.