CES 2018: Tech industry revenue for 2018 expected to reach $351 Billion

The Consumer Technology Association (CTA) has released the findings of its annual report and estimates the US tech Industry revenues to reach $351 billion, a record.

U.S. consumer technology industry is gered to achieve a record-breaking $351 billion in retail revenues ($266 billion wholesale) in 2018 - 3.9 percent higher than 2017, according to new research from the Consumer Technology Association (CTA).

The latest edition of CTA's semi-annual industry report, the U.S. Consumer Technology Sales and Forecasts, includes for the first time a projection for consumer spending on music and video streaming services - valued at $19.5 billion in revenue, 35 percent higher than just last year.

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