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Consumer spending on technology to hit $1.69 trillion in 2019: IDC

Monday, October 14, 2019, 7:24 PM

Driven by emerging technologies including AR/VR headsets, drones, on-demand services, robotic systems, smart home devices and wearables, consumer spending on technology is forecast to reach $1.69 trillion globally in 2019 an increase of 5.3 per cent over 2018, an International Data Corporation (IDC) report has said. Emerging technologies will deliver strong growth with a five-year CAGR of 13.2 per cent.