Give me five interesting facts and trends in the electronics and telecommunications retail sector
1. Online sales continue to grow in the electronics and telecommunications retail sector, accounting for an estimated 25 percent of total retail sales in 2020.
2. The demand for smart home products such as smart lighting, video doorbells, thermostats, and security cameras is expected to grow significantly in the coming years.
3. Wearable technology, such as fitness trackers and smartwatches, is becoming increasingly popular, with sales expected to reach over $70 billion by 2027.
4. 5G technology is expected to revolutionize the electronics and telecommunications retail industry, with many new products and services being developed to take advantage of this new technology.
5. The market for virtual reality and augmented reality products is expected to grow in the coming years, with companies such as Facebook, Google, and Microsoft investing heavily in these technologies.