CES 2018: Streaming services to drive $351 billion in consumer tech revenue this year

By John Bugailiskis

LAS VEGAS - Streaming services will help drive the U.S. consumer technology industry to a record-breaking US$351 billion in retail revenues ($266 billion wholesale) in 2018, 3.9% higher than in 2017,Consumer spending on music and video streaming services in 2018 is predicted to reach $19.5 billion in revenue, 35% higher than last year. The forecast comes from the latest edition of the Consumer Technology Association’s (CTA) semi-annual industry report, the U.S. Consumer Technology Sales and Forecasts. For the first time ever CTA added streaming services sales, which include Internet-enabled services that deliver on-demand or linear video content and on-demand audio...