US Gadget Love Forecast to Grow Despite Trust Issues

The trade group behind the Consumer Electronics Show set to start the Tuesday forecast that US gadget love will grow despite trust and privacy issues hammering the tech world.The Consumer Technology Association (CTA) predicted that US retail revenue in the sector would climb to a record high $398 billion this year.

“There are so many cool things happening in the consumer electronics industry right now,” said CTA vice president of market research Steve Koenig.

“We are fast approaching a new era of consumer technology.

“Trends gaining momentum, and expected to be on display on the CES show floor, included super high resolution 8K televisions; blazingly-fast 5G wireless internet, and virtual aides such as Google Assistant and Amazon’s Alexa woven into devices of all kinds.

The CTA forecast revenue growth in the US for smart phones, speakers, homes and watches along with televisions, drones, ‘in-vehicle tech,’ and streaming services.

Amid trade wars, geopolitical tensions and a decline in public trust, the technology sector is seeking to put its problems aside with CES, the annual extravaganza showcasing futuristic innovations.

The January 8-11 Las Vegas trade event offers a glimpse into new products and services designed to make people’s lives easier, fun and more productive, reaching across diverse sectors such as entertainment, health, transportation, agriculture and sports.

But the celebration of innovation will be mixed with concerns about public trust in new technology and other factors that could cool the growth of a sizzling economic sector.

“I think 2019 will be a year of trust-related challenges for the tech industry,” said Bob O’Donnell of Technalysis Research.

CES features 4,500 exhibitors across 2.75 million square feet (250,000 square meters) of exhibit space showcasing artificial intelligence, augmented and virtual reality, smart homes, smart cities, sports gadgets and other cutting-edge devices. Some 182,000 trade professionals are expected~VOA


Related Article

Posted on: Saturday, February 23, 2019 | By: crimeandmoreworld - Copy Editing Desk

Hijabs & Harassment: How Iran Soured Its ‘Sisters’ On The Revolution

For more than a year now, the “Girls of Revolution Street” (and a few men) have conducted sporadic one-person protests against the hijab by removing their head scarves and waving them in crowded public spaces in the capital

Posted on: Friday, February 22, 2019 | By: crimeandmoreworld - Copy Editing Desk

‘Impossible’ to Ensure Peace with Presence of Foreign Forces: Hekmatyar

Hekmatyar stressed that in order to ensure peace in Afghanistan, the two main issues including the presence of foreign forces and the current “dependent” government should be addressed

Posted on: Wednesday, February 20, 2019 | By: crimeandmoreworld - News Desk

Analysts: Venezuela’s Failed Socialist Policies Could Make Market Reforms Easier

The International Monetary Fund would likely require Venezuela to lift price controls and privatize state-owned companies, including the oil and gas company Petróleos de Venezuela, S.A. (PDVSA), in exchange for billions of dollars in aid and loans

Posted on: | By: crimeandmoreworld - Copy Editing Desk

New 45-Member Parliamentary Committee to Create Bill Amending Myanmar’s Constitution

Khin Maung Win, a lower house MP from the NLD has been appointed committee chairman, and brigadier general-level military lawmakers and legislators from other political parties will be members

Posted on: Monday, February 18, 2019 | By: crimeandmoreworld - Copy Editing Desk

Four Suspected Poachers, Staff Arrested

Combating rhino poaching remains a national priority and as such, all the relevant government departments will continue their close collaboration to ensure that this iconic species is conserved for generations to come


Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy more information

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy