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Technology for Seniors $294B Market

During a recent market research analysis, I calculated about $85 Billion is spent annually on technology for personal self-care and family members by over 115 million Americans age 50 years and older. The data also shows by 2050, the world's population of people aged 60 years and older will double to 2.1 Billion. Further, analytics showed seniors age 50-plus in the United States embrace technology such as smart phones, tablets, smart TVs, home assistants like Amazon Alexa and wearable mobile devices. To connect with others, seniors often favor 90% text, 85% email, 70% use social media and 65% video chat writes James Dean @SCS.

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