Press release
Computer Hardware Market: Promising Growth on the Horizon, Fueled by Technological Advancements and Rise of Remote Work
Computer Hardware Market Segments
What Is The Projected Market Size Of The Global Computer Hardware Market And Its Growth Rate?
The global computer hardware market has been witnessing robust growth:
• In 2024, the market was valued at $714.77 billion.
• Growth is expected to reach $760.98 billion in 2025 with a CAGR of 6.5%.
• By 2029, the market is set to expand to $972.16 billion, growing at a CAGR of 6.3%.
These trends are driven by factors such as the personal computing revolution, the rise of the internet, and the expansion of data centers among others.
What Is Driving The Growth In The Computer Hardware Market?
Investments in smart city projects are fuelling the growth of the computer hardware market. Smart city technologies, using informational and communication technologies, aid in efficient management and operation of urban services. Enabled through IoT, these devices require minimal human intervention. The growing popularity of smart cities in developing nations further propels this market.
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Who Are the Key Players Driving Computer Hardware Market Growth?
The computer hardware market is driven by several key players:
• 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 Are The Key Trends In The Computer Hardware Market?
Key trends observed in the market include:
• Rise of edge computing
• Integration of AI and machine learning
• Development of modular and upgradeable systems
• Integration of biometric security
• Adoption of hybrid and multi-cloud environments
What Are The Segments Of The Global Computer Hardware Market?
The computer hardware market is segmented by:
• Type: Computer Peripheral Equipment, Computer Storage Devices And Servers, Computers
• Distribution Channel: Online, Offline
• End-User: Household, Commercial
Which Region Leads The Computer Hardware Market?
North America dominates the computer hardware market. Following North America, Asia-Pacific is the second largest market. Africa stands as the smallest region in the global computer hardware market. The market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Computer Hardware Market Global Market Report?
This report provides an in-depth analysis of the computer hardware market, detailing the market size, segmentation, key players, growth trends, drivers, industry challenges, and competitive developments. It also focuses on the contributions of different segments to market growth.
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