Press release
Leading Element Driving Change in the Computer Hardware Market in 2025: Smart City Investments Boosting The Computer Hardware Market Driver
Computer Hardware
A surge in smart city project investments, happening internationally, is set to bolster growth in the computer hardware market. Information and communication technologies, used by smart city innovations to optimize the running and administration of urban facilities such as transportation networks, water system, and public safety, rely on Internet of Things (IoT) technology. IoT is the integration of computer systems and physical, digital objects facilitating seamless transfer of data across networks without significant need for human interaction, nor excessive human-to-computer involvement. The needs of smart cities necessitate the use of computer systems and related hardware, creating significant opportunities for businesses in this market. For example, in January 2022, Eurazeo, a France-based investment firm, announced the second round of its Smart City II Venture Fund, amassing €150 million and garnering new business and institutional partners from across Europe and Asia. The popularity of smart cities is also gaining momentum in developing countries.
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What growth opportunities are expected to drive the computer hardware market's CAGR through 2034?
The market size for computer hardware has seen robust growth in the past few years. Its expansion is projected to continue, rising from $714.77 billion in 2024 to $760.98 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%. The historical progression of this growth can be credited to a variety of factors, including the personal computing revolution, supply chain globalization, the internet's proliferation, data center expansion, and advancements in operating systems.
The anticipated expansion in the computer hardware market will be robust in the coming years, with the projection for 2029 being $972.16 billion, reflecting a compound annual growth rate (CAGR) of 6.3%. This optimistic forecast is due to several factors including the expansion of infrastructure supporting remote work, implementation of sustainable hardware practices, advancement in smart cities, digital transformation strategies and the increased prevalence of remote work. Notable trends for the forecast period encompass edge computing, the incorporation of AI and machine learning, the use of modular and upgradeable systems, the integration of biometric security, and the rise of hybrid and multi-cloud environments.
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What are the emerging trends shaping the future of the computer hardware market?
A host of tech companies are launching tablets as potential substitutes for laptop computers. The key factors driving consumers towards tablets are their lightweight construction, portability, and their capacity to connect to 3G and 4G networks. A survey conducted by Nielsen revealed that less than a third of the tablet owners anticipated no or less desktop usage. Such dwindling usage of desktop computers is propelling computer hardware manufacturers to move toward the production of tablet computers.
Which growth-oriented segments of the computer hardware market are leading the industry's development?
The computer hardware market covered in this report is segmented -
1) By Type: Computer Peripheral Equipment, Computer Storage Devices And Servers, Computers
2) By Distribution Channel: Online, Offline
3) By End-User: Household, Commercial
Subsegments:
1) By Computer Peripheral Equipment: Keyboards And Mice, Monitors, Printers And Scanners, Speakers And Headsets
2) By Computer Storage Devices And Servers: Hard Disk Drives (HDD), Solid State Drives (SSD), Network Attached Storage (NAS), Servers (Rack-Mounted, Blade Servers)
3) By Computers: Desktops, Laptops, Workstations, All-In-One PCs
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What regions are leading the charge in the computer hardware market?
North America was the largest region in the computer hardware market in 2024. Asia-Pacific was the second largest region of the computer hardware market. Africa was the smallest region in the global computer hardware market. The regions covered in the computer hardware market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the computer hardware market?
Major companies operating in the computer hardware market include 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
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What Is Covered In The Computer Hardware Global Market Report?
•Market Size Forecast: Examine the computer hardware market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the computer hardware market for a structured understanding.
•Key Players Overview: Analyze major players in the computer hardware market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the computer hardware market.
•Segment Contributions: Evaluate how different segments drive overall growth in the computer hardware market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the computer hardware market.
•Industry Challenges: Identify potential risks and obstacles affecting the computer hardware market.
•Competitive Landscape: Review strategic developments in the computer hardware market, including expansions, agreements, and new product launches.
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