Technology Industry to Soar in 2017
2017 is set to be a great year for technology stocks, as consumers catch up with technology.
www.tradezero.co
TradeZero +1.954.944.3885 Ocean Place Cable Beach Unit #1 Nassau, Bahamas
Much of the success in online stock trading depends on gleaning vital information from industry reports. If you’re looking to invest in tech stocks in 2017, it could be the right decision since the Consumer Technology Association (CTA) estimates that American consumers could be hitting record spending on technology this year. The desire for connectivity would be fueling this consumer enthusiasm. This, along with the Internet of Things (IoT) and the emergence of new technologies are set to keep consumers interested enough to carry out some major purchasing. Connected products offer many benefits, and consumers are realizing this. In its US Consumer Technology Sales and Forecasts report released on the eve of its Consumer Electronic Show (CES) at Las Vegas, the CTA states that it expects retail spending to reach $292 billion in 2017 which would translate to a 1.5% year-over-year growth for the tech industry. And it has identified the major emerging technology products that would drive sales.
Smart homes could become a major factor this year since the CTS considers these to be the most popular example of IoT engagement, with 29 million units of sales predicted in 2017 - an increase of 63% from 2016.
4K ultra high-definition (4K UHD) televisions are getting really popular. CTA considers these 4K UHD shipments to have a 51% improvement over 2016, touching 15.6 million units this year.
Augmented reality (AR) and virtual reality (VR) have posted great year-over-year growth and 2017 could see a 79% gain with sales of 2.5 million units. There were many mainstream AR and VR products released by 2016-end.
The trend of digital assistants is here to stay. Amazon Echo, the smart-home device, had great sales during the Christmas season. This category is expected to expand to 4.5 million units which is a year-over-year gain of 52%.
Now we come to the most exciting aspect of drones. We already saw the first drone product deliveries this year, and though these haven’t yet become the norm because of various rules restricting their usage in various areas, drone services will iron out the issues. CTA expects drone sales to exceed 40% from 2016, to 3.4 million units this year.
The aforementioned are only some of the emerging technologies that could get successful.
CTA believes that 2016 was a transition year, when these products were
beginning to be tried out and accepted in day-to-day life. 2017 is touted to be the year these technologies would become mainstream. Of these, the ones mentioned above are likely to be most successful. www.tradezero.co
+1.954.944.3885
Of course there will be declines or flat growth for some technologies. CTA says televisions will actually witness a decrease of 2% in terms of units sold, though they touched record sales in 2016. Tablets are expected to face a 5% decline since consumers would be willing to wait longer before upgrading. Desktops would decline by 7% in terms of volume, while laptops will experience flat sales. With reports such as these, you know where you need to invest. They are quite helpful for successful stock trading.
www.tradezero.co
+1.954.944.3885