Despite Clouds of Macro-Economic Uncertainties, Enhanced 5G Infrastructure, New Form Factors, and AI Chipset Advancements Drive Consumer Technology Devices Growth in 2023
"In smartphones, the replacement cycle followed by the migration to 5G smartphones and eagerness to embrace new form factors like foldable devices will be the main growth drivers for accelerating adoption in 2023.
- "In smartphones, the replacement cycle followed by the migration to 5G smartphones and eagerness to embrace new form factors like foldable devices will be the main growth drivers for accelerating adoption in 2023.
- With the rapid increase of AI in various verticals, innovation and use cases will accelerate the growth in end markets for various consumer technology verticals.
- Business professionals in the consumer technology world must embrace AI to leverage its potential, drive innovation, and gain a competitive edge," explains Sachin Mehta, Senior Analyst, Consumer Technologies, at ABI Research.
- This comes at a time when there are also some specific concerns about addressing inventory management and reduced consumer spending.