CES: media tablets and smartphones to power consumer tech device spending to cross $1 trillion in 2012

Global spending on consumer technology devices will
surpass $1 trillion in 2012 for the first time, increasing by 5 percent over
2011’s figure of $993 billion.

Despite slowing growth in developed markets, robust
growth in emerging markets, particularly Emerging APAC and Central &
Eastern Europe, has helped sustain global spending in 2011 at the relatively
healthy level of 8 percent,” said Steve Bambridge, business director for GfK
Boutique Research.

Booming global demand for smartphones made these devices
the key spending growth driver in 2011 and that this is set to continue in
2012. Sales of tablet PCs, which are estimated to have reached $39 billion this
year, are predicted to show a strong double digit increase in 2012.

Today, consumers from every corner of the globe crave
the latest tech innovations,” said Steve Koenig, director, Industry Analysis
for Consumer Electronics Association. Rising consumer demand for mobile
connected devices underpins the growth in global retail sales of CE we’re
projecting this year.”

On January 8th at the 2012 International CES, GfK
Boutique Research and the
Consumer Electronics Association
discussed market trends within the Consumer Electronics (CE) industry.

Using the latest global market data and forecasts from
GfK Digital World, the presentation analyzed key product trends within a global
market context; highlighting the importance of mobile connected devices as a
key driver of spending growth. Additionally, the presentation addressed the
importance of developing markets in driving growth in global spending.

By Telecomlead.com Team
[email protected]