Press release
Computers Market Poised for 7.3 % Growth, Set to Hit $32.61 Billion by 2029
Computers Market Share
The anticipated increase in smart city projects worldwide is predicted to bolster the computer market, due to substantial financial investments being put into this sector. Smart city technologies, which utilize information and communication technologies to efficiently manage various urban services such as water supply, law enforcement and transportation systems, are made possible through IoT technology. A blend of computing devices, mechanical and digital objects, IoT streamlines the data transmission over a network with virtually no human contact and minimal human-to-computer interaction. As computers and related hardware are integral to smart city tech, this trend stands to benefit the businesses engaged in this market. For instance, APG Algemene Pensioen Groep N.V has earmarked a €250 million investment in Smart City Infrastructure Fund for developing smart city initiatives across Europe, North America, Australia and other major urban centers around the world. Such concepts are also gradually gaining traction in developing countries with over 1,000 smart city pilot projects either ready for or are currently being constructed on a global scale, half of which are located in China.
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What growth opportunities are expected to drive the computers market's CAGR through 2034?
In recent times, there has been a substantial growth in the size of the computer market. It is projected to expand from $465.34 billion in 2024 to an astounding $499.94 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%. The surge observed in the historical period can be credited to increasing consumer needs, enterprise IT expenditure, worldwide economic circumstances, government initiatives, as well as innovation in design.
Anticipated growth in the computers market size is promising, with an expected value of $662.35 billion in 2029, driven by a compound annual growth rate (CAGR) of 7.3%. Factors such as cybersecurity issues, sustainability efforts, advancements in quantum computing, as well as evolving form factors contribute to this predicted growth. Notable trends going forward include the integration of Internet of Things (IoT) and edge computing, along with Artificial Intelligence (AI) and machine learning, hybrid cloud solutions, as well as customization and personalization.
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What are the emerging trends shaping the future of the computers market?
The Internet of Things (IoT) is rapidly becoming a major development in the computer market, possessing the potential to influence a broad range of businesses. The merging of the physical world with the online domain by the Internet of Things opens up a plethora of options for businesses, governments, and individual consumers. The IoT involves a complicated network of various contributors like device makers, communication service providers, software vendors, and IT service providers. An instance of this is the August Smart Lock, which makes use of the IoT platform to manually control the front door's lock of a user's house and has the capability to provide remote access to visitors, friends, or staff.
Which growth-oriented segments of the computers market are leading the industry's development?
The computers market covered in this report is segmented -
1) By Type: PCs, Laptops, Tablets, Other Computers
2) By Distribution Channel: Business-To-Business (B2B), Business-To-Consumer (B2C)
3) By Application: Household, Commercial
Subsegments:
1) By PCs: Desktops, All-in-One PCs, Workstations
2) By Laptops: Traditional Laptops, Ultrabooks, Gaming Laptops, 2-in-1 Laptops
3) By Tablets: Standard Tablets, Rugged Tablets, Tablet PCs
4) By Other Computers: Mini PCs, Thin Clients, Home Theater PCs (HTPCs)
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What regions are leading the charge in the computers market?
Asia-Pacific was the largest region in the computers market in 2024. North America was the second largest region in computers market. The regions covered in the computers 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 computers market?
Major companies operating in the computers market include Apple Inc., Microsoft Corporation, Dell Technologies Inc., Hewlett Packard Enterprise Co., Lenovo Group Ltd., Intel Corporation, IBM Corporation, ASUS Computer International, Acer Inc., Samsung Electronics Co., Ltd., Fujitsu Ltd., Toshiba Corporation, NVIDIA Corporation, AMD (Advanced Micro Devices), Cisco Systems, Inc., Panasonic Corporation, LG Electronics Inc., Huawei Technologies Co., Ltd., Sony Corporation, Oracle Corporation, Hitachi, Ltd., NEC Corporation, Kingston Technology Corporation
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What Is Covered In The Computers Global Market Report?
•Market Size Forecast: Examine the computers market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the computers market for a structured understanding.
•Key Players Overview: Analyze major players in the computers market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the computers market.
•Segment Contributions: Evaluate how different segments drive overall growth in the computers market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the computers market.
•Industry Challenges: Identify potential risks and obstacles affecting the computers market.
•Competitive Landscape: Review strategic developments in the computers market, including expansions, agreements, and new product launches.
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