Hardware Support Services Market 2021 Technology Advancement and Demand - HP; IBM; Computer Sciences Corporation (CSC)

Hardware Support Services Global Market Report 2021: COVID 19 Impact and Recovery to 2030

The hardware support services market consists of sales of hardware support services and related goods by entities (organizations, sole traders and partnerships) that provide hardware support services including computer and peripherals support services, storage and servers support services, networking support services and others. Hardware support services may be either a reactive support, preventive-based support, or proactive support. The hardware support services market is segmented into computer and peripherals support services; storage and servers support services; networking support services and other hardware support services.

The global hardware support services market is expected to grow from $728.85 billion in 2020 to $779.03 billion in 2021 at a compound annual growth rate (CAGR) of 6.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1098.15 billion in 2025 at a CAGR of 9%.

Top Leading Companies mentioned are

HP; IBM; Computer Sciences Corporation (CSC)

Western Europe was the largest region in the global hardware support services market, accounting for 49% of the market in 2020. North America was the second largest region accounting for 28% of the global hardware support services market. Africa was the smallest region in the global hardware support services market.

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Market Segmentation by Types:           

1) By Type: Computer And Peripherals Support Services; Storage And Servers Support Services; Networking Support Services; Other Hardware Support Services      

2) By Mode: Online; Offline        

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 outbreak of Coronavirus disease (COVID-19) has acted as a significant restraint on the hardware support services market in 2020 as supply chains were disrupted due to trade restrictions and employees working for these establishments faced difficulties related to infrastructure and communication owing to lockdowns imposed by governments globally, forcing them to work from home. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the hardware support services market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.?  

Essential points covered in Global Hardware Support Services Market2020 Research are: -

What will the market size and the growth rate be in 2020?
What are the key factors driving the global Hardware Support Services market?
What are the key markets trends impacting the growth of the global Hardware Support Services market?
What are the challenges to market growth?
Who are the key vendors in the global Hardware Support Services market?
What are the market opportunities and threats faced by the vendors in the global Hardware Support Services market?
What are the key outcomes of the five forces analysis of the global Hardware Support Services market?

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This independent 300 pages report guarantees you will remain better informed than your competition. With over figures examining the Hardware Support Services market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader’s market revenue forecasts as well as analysis to 2020.

Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Hardware Support Services in these regions, from 2014 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Furthermore, the report provides a detailed analysis of the global Hardware Support Services market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Lithium-Ion Batteries market by countries, comprising of its market by value, volume, and ARPU and penetration rate.

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Identify growth segments for Hardware Support Services.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market research findings.
Benchmark performance against key competitors.
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The research includes historic data from 2014 to 2020 and forecasts until 2020 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Hardware Support Services on the basis of stating current situation of the industry in 2020 so as to make comprehensive organization and judgment on the competition situation and development trend of Hardware Support Services Market and assist manufacturers and Hardware Support Services organization to better grasp the development course of Hardware Support Services Market.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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