HealthLeaders Media July 23, 2021
Consumer demand and new tech supply are driving growth, says trade group.
Jumping 7.5% in a single year, retail revenue for U.S. tech will reach an all-time high of $487 billion in 2021, driven by surging consumer demand for tech related to work, school, and lifestyles, according to a report released by the Consumer Technology Association (CTA)®.
“The pandemic strengthened consumers’ relationship with technology forever,” says Gary Shapiro, president and CEO at CTA. “From working to learning, staying connected with loved ones and taking care of our health, tech played a crucial role in improving our lives. Tech has proved time and again that innovation makes our country resilient in the face of crises. Even though the U.S. still deals...