The Hardware Support Services by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Hardware Support Services, The hardware support services market size has grown steadily in recent years. It will grow from $1010.67 billion in 2023 to $1054.01 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to strong economic growth in emerging markets and the low-cost talent pool in emerging markets.
The hardware support services market size is expected to see strong growth in the next few years. It will grow to $1374.88 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to rising demand for cloud-based hardware support services in developing regions, rapid changes in the it infrastructure and increasing usage of existing products will drive market growth.. Major trends in the forecast period include strategic mergers and acquisitions, adoption of cloud computing, implementation of predictive maintenance, adoption of green it, new technological developments..
Governments around the world are investing in the creation of smart cities; this is expected to drive the demand for computer hardware products and subsequently hardware support services market during the forecast period. The European Union is actively promoting smart-city initiatives, with funds for research and sustainability targets for member states. The concept of smart cities is becoming more popular in developing nations too. For instance, more than 1,000 smart city pilot projects are either ready for or are under construction globally and around 500 of these projects are in China. The overall smart-city experience involves systems and objects interconnected through various technologies like local, wired and wireless networks. The establishment of smart cities in turn increases the demand for hardware support services.
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The hardware support services market covered in this report is segmented –
1) By Type: Networking Support Services, Storage And Servers Support Services, Computer And Peripherals Support Services, Other Hardware Support Services
2) By Mode: Offline, Online
3) By Warranty Type: In Warranty, Out Of Warranty
Cloud software solutions have been gaining acceptance from companies across all industries as it eliminated the need for physical storage space required to deploy the software. The cloud is a software delivery method where a vendor hosts a software application in a remote server and customers can access it through the internet. As cloud computing services continue to grow, the demand for cloud data recovery solutions is gathering pace. Disaster recovery tools are particularly needed because the cloud stores data which is prone to cyber and malware attacks. For instance, Kroll Ontrack offers SharePoint and SQL server cloud data recovery solutions.
The hardware support services market report table of contents includes:
1. Executive Summary
2.Hardware Support Services Market Characteristics
3.Hardware Support Services Market Trends And Strategies
4. Hardware Support Services Market analysis
5. Hardware Support Services Market Size And Growth
6. Hardware Support Services Segmentation
7. Hardware Support Services Regional And Country Analysis
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27. Hardware Support Services Competitive Landscape And Company Profiles
28. Hardware Support Services Key Mergers And Acquisitions
29. Hardware Support Services Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- intel Corporation
- Dxc Technology
- Dell Technologies Inc
- Cisco Systems, Inc.
- telefonaktiebolaget lm ericsson
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