Global tech devices sales expected to reach €793b in 2012

A new prediction by Gfk Group has confirmed the growing demand for new technology and the fact that the technological revolution is not over yet.

According to Gfk, which is one of the world’s largest research companies, sales revenue for global tech devices will reach €793 billion in 2012 up from €708 billion in 2011.

And GfK Digital World estimates and forecasts say the booming global demand for smartphones made these devices the key spending growth driver in 2011 and that this is set to continue in 2012. Additionally, sales of tablet PCs, which are estimated to have reached $39 billion in 2011, are predicted to show a strong double digit increase in 2012.

Gfk says looking at Europe, the Middle East and Africa, the consumer electronics market will grow at 2%, it however indicates that Europe is and still remains the world’s largest consumer electronics market.

In a press release copied to, Messe Berlin, a major fair organiser in Europe, says during its IFA, the largest trade fair for consumer electronics and household appliances in September 2011, when product milestones aligned with fourth quarter sales to consumers and business, buyers and retailers placed orders for over €3.7 billion in new products from 1,441 exhibitors , which it says is a new record.

By Emmanuel K. Dogbevi

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