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Consumer Spending on Tech to Reach $1.3 Trillion

Consumer Spending on Tech to Reach $1.3 Trillion

Consumer spending on technology is forecast to reach $1.32 trillion in 2019, that’s an increase of 3.5% over 2018. Purchases of traditional and emerging tech will remain strong, reaching $1.43 trillion in 2022 with a five-year CAGR of 3%.

via IDC

Connected Wearables Shipment will Reach 239 Million

Connected Wearables Shipment will Reach 239 Million

Growing at a compound annual growth rate (CAGR) of 15.4 percent, total shipments of smartwatches, smart glasses, fitness & activity trackers, smart clothing, mobile telecare and medical devices as well as other wearable devices are forecasted to reach 238.5 million units in 2023.

via Digital Lifescapes

Why New Smartphone Shipments Have Declined

Why New Smartphone Shipments Have Declined

Smartphone demand has slowed due to market saturation in most North American and European countries, so the primary opportunities there stem from device replacement. Forrester forecasts that these economies will add no more than 91 million new smartphone subscribers.

via Forrester

GPS and Internet of Things Enable New Tracking Apps

GPS and Internet of Things Enable New Tracking Apps

According to the latest market study by Berg Insight, the market for consumer GPS pet trackers and services in Europe and North America is forecast to grow from € 60 million in 2017 to reach about € 340 million in 2022.

via Digital Lifescapes

China: Why Shanzhai is Faster Than Silicon Valley

China: Why Shanzhai is Faster Than Silicon Valley

“A product that took 12 to 18 months for a Western company to bring to market might take only four to six weeks within the Shanzhai ecosystem. It was common for Western companies that announced a new gadget to find Shanzhai versions of it on the shelves before they could put it on sale themselves.”

via MIT Technology Review

Wearable Device Growth Led by Smartwatch Adoption

Wearable Device Growth Led by Smartwatch Adoption

Global shipments of wearable devices are forecast to reach 125.3 million units in 2018, that’s up 8.5% from 2017. The growing popularity of smartwatches and greater wearables adoption in emerging markets will combine to produce a five-year compound annual growth rate (CAGR) of 11% with shipments reaching 189.9 million units in 2022.

via IDC

Personal Computing Market Continues to Decline

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Unit shipments for the global personal computing devices market, comprised of traditional PCs (made up of desktops, notebooks and workstations) and tablets, is expected to decline 3.9% in 2018, according to the latest forecast from IDC.

via IDC