Gartner: Consumers Will Spend $2.1 Trillion On Technology Products And Services Worldwide In 2012

Posted on Jul 26 2012 - 6:08pm by Editorial Staff

According to a new study from Gartner, consumers will spend $2.1 trillion worldwide on digital information and entertainment products and services in 2012, means it amounts to a $114 billion global increase compared with 2011. The research firm also says that spending will continue to grow at a faster rate at around $130 billion a year, to reach $2.7 billion by the end of 2016. The $2.1 trillion constitutes spending on mobile phones, computing and entertainment, media and other smart devices.

Mobile phone will account to 10 percent of total spending in 2012, which is $222 billion, rising to almost $300 billion by 2016. In the same way, entertainment services will account for 10 percent of total consumer spending on technology products and services in 2012, at $210 billion, rising to almost $290 billion in 2016. The firm also predicts that mobile apps stores and content consumers spending will rise from $18 billion in 2012 to $61 billion by 2016, while the spending on e-text content will rise from $5 billion in 2012 to $16 billion by 2016.

(Image Source: IAPPS)

About the Author
Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.