Consumer spending on technology is forecast to reach $1.69 trillion in 2019, an increase of 5.3% over 2018. Traditional technologies still dominate According to the latest Worldwide Semiannual Connected Consumer Spending Guide from International Data Corporation (IDC), consumer purchases of traditional and emerging technologies will remain strong over the 2019-2023 forecast period, reaching $2.06 trillion in 2023 with a five-year compound annual growth rate (CAGR) of 5.1%.

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