Personal Computers Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope

Personal computers (PCs) are small, multi-purpose computing devices that rely on microprocessor technology to allow PC makers to fit the entire central processing unit (CPU) on a single chip. It is designed to be used by only one person at a time.

Sizing and Forecast

The personal computers market size has grown steadily in recent years. It will grow from $204.09 billion in 2023 to $212.38 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to technological advancements, business and personal use, operating systems, gaming and entertainment.

The personal computers market size is expected to see strong growth in the next few years. It will grow to $267.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to remote work and learning, hybrid work models, gaming and content creation, iot and smart homes. Major trends in the forecast period include remote work and learning, hybrid work models, rise of chromebooks, gaming pcs, custom-built pcs.

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Segmentation & Regional Insights

The personal computers market covered in this report is segmented –

1) By Product Type: Desktop, Notebook, Workstation, Other Product Types

2) By Distribution Channel: Business-To-Business (B2B), Business-To-Consumer (B2C)

3) By Application: Consumer, Commercial, Industrial

The Asia-Pacific was the largest region in the personal computers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the personal computers market report during the forecast period. The regions covered in the personal computers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The growing internet penetration is expected to fuel the growth of the personal computers market in the forecast period. Globally, the number of internet users is increasing by more than 7% annually, the average global internet user spends over 6 hours and 42 minutes per day online. More than three-quarters of the world’s larger economies of internet users go online via desktops and laptops. Furthermore, more than 4.66 billion people are using the internet contributing to about 60% of the world’s overall population). Over the twelve months up to October 2020, over 321 million new users arrived online, leading to an average growth of around 875,000 new users per day. Therefore, the growing internet penetration drives the growth of the personal computer market.

Key Industry Players

Major companies operating in the personal computers market include Dell Inc., The Hewlett-Packard Company, Lenovo Group Limited, Acer Inc., Apple Inc., AsusTek Computer Inc., Samsung Corporation, Microsoft Corporation, Alienware, Micro-Star International Co Ltd., NEC Corporation, Sony Corporation, Fujitsu Limited, Aopen Inc., Aorus, Clevo Computer, Compal Electronics Inc., CyberPowerPC Inc., DFI, Digital Storm, Dynabook Inc., Elitegroup Computer Systems Co Ltd., Seiko Epson Corporation, Falcon Northwest, Founder Technology Group Co Ltd., Foxconn Technology Group, Framework Computer Inc., Gigabyte Technology Co Ltd., Google LLC, Gradiente Infotainment Ltd., Groupe Bull, Grundig, Hasee Computer Company Ltd., Technologies Limited, Hisense

The personal computers market report table of contents includes: