How much is the computer hardware market worth, and how is it expected to expand?
The computer hardware market size has grown strongly in recent years. It will grow from $714.77 billion in 2024 to $760.98 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to increasing personal computing revolution, globalization of supply chains, rise of the internet, data center expansion, operating system developments.
The computer hardware market size is expected to see strong growth in the next few years. It will grow to $972.16 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to growing remote work infrastructure, sustainable hardware practices, smart cities development, digital transformation initiatives, rise of remote work. Major trends in the forecast period include edge computing, AI and machine learning integration, modular and upgradeable systems, biometric security integration, hybrid and multi-cloud environments.
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What are the top drivers to the rising demand in the computer hardware market?
The computer hardware market is expected to be aided by rapid growth in investments in smart city projects in many countries globally. Smart city technologies use information and communication technologies to efficiently manage and operate urban services, including transportation systems, water supply, and law and order. These technologies are enabled through IoT technology. IoT is a convergence of computing devices, and mechanical and digital objects. This system facilitates the transfer of data over a network without human interaction and minimal human-to-computer interaction. Smart cities use computers and related hardware, thereby benefitting the companies operating in this market. For instance, in January 2022, Eurazeo, a France-based investment company, announced the second closing of its Smart City II Venture Fund at €150 million, attracting new institutional and corporate partners from Europe and Asia. The concept of smart cities is becoming more popular in developing nations too.
How is the computer hardware market segmented?
The computer hardware market covered in this report is segmented –
1) By Type: Computer Peripheral Equipment, Computer Storage Devices And Servers, Computers
2) By Distribution Channel: Online, Offline
3) By End-User: Household, Commercial
Subsegments:
1) By Computer Peripheral Equipment: Keyboards And Mice, Monitors, Printers And Scanners, Speakers And Headsets
2) By Computer Storage Devices And Servers: Hard Disk Drives (HDD), Solid State Drives (SSD), Network Attached Storage (NAS), Servers (Rack-Mounted, Blade Servers)
3) By Computers: Desktops, Laptops, Workstations, All-In-One PCs
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Who are the top competitors in the computer hardware market?
Major companies operating in the computer hardware market include Amazon.com Inc., Apple Inc., Samsung Electronics Co. Ltd., Hon Hai Precision Industry, Microsoft Corporation, Dell Technologies Inc., Hitachi Ltd., Sony Corporation, Lenovo Group Limited, LG Electronics Inc., Intel Corporation, HP Inc., Qualcomm Incorporated, Pegatron Corp., Quanta Computer Inc., Broadcom Inc., Canon Inc., Fujitsu Limited, NVIDIA Corporation, NEC Corporation, Advanced Micro Devices Inc., Toshiba Corporation, Texas Instruments Incorporated, Western Digital Corporation, Inventec Corp., Seagate Technology Holdings plc, Acer Inc., NetApp Inc., ASUSTeK Computer Inc., Micron Technology Inc
What significant trends should we anticipate in the computer hardware market over the forecast period?
Many technology companies are introducing tablets to replace laptop computers. Portability, the ability to connect to 3G and 4G networks, and the light weight of these devices are the major reasons for individuals increasingly opting for tablets. According to a Nielsen study, less than one-third of tablet owners surveyed indicated that their desktop usage will be limited or not at all. This decreasing usage of desktop computers is encouraging computer hardware manufacturers to design and produce tablet computers.
Which regional trends are influencing the computer hardware market, and which area dominates the industry?
The countries covered in the computer hardware market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Does The Computer Hardware Market Report 2025 Offer?
The computer hardware market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Computer hardware is the physical component required for a computer system to function. These hardware components are tangible, and they work together to process, store, input, and output data and information in a computer system.
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