Consumer technology services market seen reaching $578B by 2030

The Business Research Company says the consumer technology and services market will grow from $370.72 billion in 2025 to $404.51 billion in 2026, with North America leading and Asia-Pacific expected to grow fastest. The report points to smartphone adoption, subscription services and connected devices as major drivers through 2030.

Why it matters: - The consumer technology and services market is expanding as digital tools become embedded in daily life. - The report projects the market will reach $578.39 billion by 2030, signaling continued demand for connected devices, software and digital services. - Fast growth in Asia-Pacific could shift where vendors focus sales, investment and product development.

What happened: - The Business Research Company released its Consumer Technology And Services Global Market Report 2026 covering market size, trends and forecasts for 2026-2035. - The market is forecast to rise from $370.72 billion in 2025 to $404.51 billion in 2026. - That 2025-to-2026 increase implies 9.1% compound annual growth. - The report expects the market to keep growing at a 9.4% CAGR through 2030.

The details: - Smartphone adoption, broader broadband and mobile internet coverage, app-based ecosystems, lower device prices and early digital media adoption drove growth in prior years. - Subscription services, interconnected device ecosystems, digital privacy, immersive content, streaming content and smart living environments are listed as key growth drivers in the forecast period. - The report says the market includes digital devices, software, platforms and service offerings built for end users. - These products are aimed at communication, entertainment, productivity and routine digital interactions. - The report says these technologies are designed to improve convenience, personalize experiences and enable smooth interaction across devices and digital environments. - A free sample of the report is available here. - The full report is available here.

Between the lines: - Smartphone penetration remains the clearest growth engine because more users create more demand for devices, apps and connected services. - The report’s emphasis on privacy, screen-time management and digital wellbeing suggests consumers are no longer buying only for convenience, but also for control. - The shift toward subscription-based ecosystems and direct-to-consumer platforms points to more recurring revenue models and tighter customer lock-in. - Ericsson said in June 2024 that mobile subscriptions in the region are projected to grow from 1.2 billion in 2023 to 1.3 billion by 2029.

What's next: - North America was the largest market in 2025, while Asia-Pacific is expected to be the fastest-growing region during the forecast period. - The report also covers South East Asia, Western Europe, Eastern Europe, South America, the Middle East and Africa. - New 2026 report features include market attractiveness scoring, TAM analysis, company scoring matrices, Excel forecasting dashboards, market hotspot infographics and updated graphics and tables. - The Business Research Company is positioning the report around key technologies and future trends as companies plan for the next phase of consumer tech demand.

The bottom line: - Consumer technology and services is still a high-growth market, but the next leg of growth is likely to come from subscriptions, connected ecosystems and privacy-focused products.