Press release
Hardware Support Services Market Size Projected To Reach $1486.97 Billion By 2034 With A Cagr Of 7.7%
Hardware Support Services
What Is the Projected Growth of the Hardware Support Services Market?
There has been substantial growth in the hardware support services market size in the past couple of years. The market is projected to grow from $1032.21 billion in 2024 to $1103.48 billion in 2025, signaling a compound annual growth rate (CAGR) of 6.9%. This progress during the historical period can be traced back to the robust economic growth in developing markets and the availability of low-cost skilled workforce in these regions.
The market size for hardware support services is anticipated to witness robust progress in the coming years, escalating to a value of $1486.97 billion in 2029, with a compound annual growth rate (CAGR) of 7.7%. This projected growth over the forecast period is largely due to the heightened demand for cloud-based hardware support services in emerging regions, modifications in infrastructure, and increased consumption of existing products. The forecast period also exhibits significant trends such as strategic mergers and acquisitions, embracing cloud computing, execution of predictive maintenance, integration of green IT, and emergence of new technological advancements.
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What Are the Different Hardware Support Services Market Segments?
The hardware support services market covered in this report is segmented -
1) By Type: Networking Support Services, Storage And Servers Support Services, Computer And Peripherals Support Services, Other Hardware Support Services
2) By Mode: Offline, Online
3) By Warranty Type: In Warranty, Out Of Warranty
Subsegments:
1) By Networking Support Services: Network Installation Services, Network Monitoring And Management, Network Security Services, Wireless Network Setup And Support
2) By Storage And Servers Support Services: Data Backup And Recovery Services, Storage Management And Optimization, Server Installation and Configuration, Server Maintenance And Upgrades
3) By Computer And Peripherals Support Services: Hardware Repair And Replacement, Peripheral Device Support, Software Installation And Troubleshooting, Technical Support For End-User Devices
4) By Other Hardware Support Services: Equipment Rental And Leasing Services, Consulting Services For Hardware Solutions, Warranty And Maintenance Plans, On-Site And Remote Technical Support
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What Are the Primary Drivers Shaping the Hardware Support Services Market?
The global trend towards the construction of smart cities, fuelled by heavy government investment, is set to stimulate the consumption of computer hardware products and, consequently, the need for associated hardware support services. Initiatives supporting the introduction of smart cities are being actively endorsed by the European Union, with set sustainability goals for its member states and designated research funds. The notion of smart cities is gaining traction in emerging economies as well. For example, there are over 1,000 smart city prototype projects that are either completed or being developed worldwide, with roughly 500 of them located in China. The greater smart city scheme necessitates interconnected systems and objects through a series of technologies, including localized, wireless, and wired networks. As a result, the establishment of smart cities boosts the demand for hardware support services.
Which Companies Are Leading in the Hardware Support Services Market?
Major companies operating in the hardware support services market include Intel Corporation, Dxc Technology, Dell Technologies Inc, Cisco Systems, Inc., Telefonaktiebolaget lm Ericsson, Huawei, NEC Corporation, International Business Machines Corporation, Fujitsu Ltd., Oracle Corp, Acer India Pvt. Ltd., Compuage Infocom Ltd., HCL Infosystems Ltd., Hewlett-Packard India Sales Pvt. Ltd., Ingram Micro India Pvt. Ltd., T-Systems, Computacenter, GFI Informatique, Barco, accenture*, Capgemini, ATOS, DevsData LLC, Britenet, GTM Plus, Sudolabs, Limestone Digital, CGI IT Czech Republic sro, Star Storage, RITS Professional Services sp. z o o, DSSC Solutions Company, BairesDev, White Prompt, BCA IT, Inc., MXM Sistemas, CI&T, BIX Technology, Medilab Sistemas, Luby Software, Indicium, e-Core, WAZ, Blue Chip Computer System, Liveware Technologies LLC, Shahico Technologies, 9T9 Information Technology, Purple X Technologies, Hi-Tech Bahrain W.L. L, Team Yamama, Sariya Company Limited, Xyte, Rachip, Ascop Technologies Limited, Iot.nxt
What Trends Are Expected to Dominate the Hardware Support Services Market in the Next 5 Years?
Firms from every industry have been embracing cloud software solutions, due to their elimination of the requirement for physical storage spaces typically needed for software deployment. The practice involves a provider hosting a software application on a remote server that clients can access via the web. With the continuous growth of cloud computing services, the call for cloud data recovery solutions is accelerating. There is a particular need for disaster recovery tools given that data stored on the cloud is susceptible to cyber and malware threats. For example, Kroll Ontrack provides SharePoint and SQL server cloud data recovery solutions.
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What Are the Top Revenue-Generating Geographies in the Hardware Support Services Market?
Western Europe was the largest region in the hardware support services market in 2024. North America was the second largest region in the hardware support services market. The regions covered in the hardware support services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Hardware Support Services Market?
2. What is the CAGR expected in the Hardware Support Services Market?
3. What Are the Key Innovations Transforming the Hardware Support Services Industry?
4. Which Region Is Leading the Hardware Support Services Market?
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