The following is an excerpt from Eliot Brown | October 17, 2017 | WSJ.com |
LAGUNA BEACH, Calif.—The war for tech supremacy is moving to newer technologies such as augmented reality and voice assistants, as giant internet companies grasp for an ever-fleeting portion of people’s time.
That is the tech and media outlook presented Tuesday at The Wall Street Journal’s WSJ D.Live technology conference by Michael J. Wolf, co-founder and managing director of the consulting firm Activate Inc. (Scroll down to see a slideshow of the presentation, or to the bottom of the article to view all the slides individually.)
Alphabet Inc., Facebook Inc., Amazon.com Inc., Apple Inc. and others are hunting for new areas of growth—often on each other’s turf—as they enjoy soaring revenues and stock prices. They are poised to bump into each other across the board, in online sports viewing, movies, news and even podcasting.
Up for grabs is an extra $300 billion a year in revenues that Activate projects will flow into the $1.7 trillion global consumer media and internet market by 2021, through growing internet-access fees, ads and paid content. Activate estimates the market will grow 4.1% a year.
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