Spending on Streaming Services and Software Could Reach $112 Billion in 2021 [The Hollywood Reporter]

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Spending on Streaming Services and Software Could Reach $112 Billion in 2021 [The Hollywood Reporter]

BY CAROLYN GIARDINA

January 11, 2021 | As the virtual CES began, the Consumer Technology Association released its 2021 forecast, projecting $461 billion in overall tech revenue.

Total spending on streaming services and software is projected to reach a record $112 billion in 2021, an 11 percent growth over 2020, according to Consumer Technology Association projections announced on Monday, as its virtual CES Show began. This follows 31 percent growth in 2020 over 2019, reports CTA.