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Personal Computers Global Market Expected to Witness $267.71 Billion with Impressive Growth at a 6.0% CAGR By 2028 | Dell Inc., Acer Inc., Apple Inc., NEC Corporation
Personal Computers Market
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According to The Business Research Company's, 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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Market Drivers and Trends:
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.
Major companies operating in the personal computers market are introducing advanced processor chips with 12th generation to increase their revenue in the market. The 12th generation of Intel Core chips, known by the code name Alder Lake, represents Intel's latest advancement in chip technology. These chips are designed to offer adaptable scalability and high performance for a range of applications, including gaming, content creation, and productivity. For instance, in October 2021, Intel, a US-based technology company, launched the 12th generation of Intel Core chips, a newer and faster generation of processor chips. These chips are designed to cater to a wide range of PCs, varying from lightweight laptops to high-end gaming systems. The company aims to release 60 different variations of the Alder Lake chip, which will be incorporated into 500 PC models by various manufacturers.
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Major Key Players of the Market:
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
Personal Computers Market 2024 Key Insights:
• 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%.
• Rising Internet Usage Propels The Global Personal Computers Market
• Introduction Of Advanced Processor Chips For Personal Computers
• The Asia-Pacific was the largest region in the personal computers market in 2023
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