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Hardware Support Services Market: Major Trends Reshaping the Future of the Industry
Hardware Support Services
What Will the Hardware Support Services Industry Market Size Be by 2025?
The scale of the hardware support services market has significantly increased in recent times. The market which was valued at $1032.21 billion in 2024, is set to escalate to $1103.48 billion in 2025, registering a compound annual growth rate (CAGR) of 6.9%. This exponential growth during the historic period is mainly ascribed to the robust economic advancements in emerging markets and affordable workforce availability in these markets.
What's the Long-Term Growth Forecast for the Hardware Support Services Market Size Through 2029?
Expectations point towards a robust growth in the hardware support services market size over the next few years. Its estimated value will reach $1486.97 billion in 2029, reflecting a compound annual growth rate (CAGR) of 7.7%. This upward trend in the projected period is linked to the growing demand for cloud-based hardware support services in emerging regions, coupled with rapid infrastructural changes and the escalating use of current products, all of which are anticipated to fuel the market expansion. The prediction period is also expected to witness several significant trends, such as strategic mergers and acquisitions, the embracement of cloud computing, the application of predictive maintenance, a move towards green IT, and the introduction of new technology advancements.
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What Are the Key Growth Drivers Fueling the Hardware Support Services Market Expansion?
The push towards building smart cities by governments worldwide is set to bolster the need for computer hardware products and the subsequent hardware support services market in the forecast period. The European Union is taking the lead in endorsing smart-city projects by offering resources for research and setting sustainably goals for its member nations. This trend is not only recognized in developed nations but is also gaining traction in the developing world. For instance, out of over 1,000 global smart city pilot projects that are either completed or currently in progress, approximately 500 are based in China. A fully functional smart-city relies on the integration of systems and objects through diverse technologies such as local, wired, and wireless networks. This surge in smart city developments reciprocally propels the demand for hardware support services.
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What Are the Key Trends Driving Hardware Support Services Market Growth?
Companies from various sectors have increasingly adopted cloud software solutions as it removes the necessity for physical storage space utilized for software deployment. The concept of cloud is fundamentally a method of software delivery where the software application is hosted by the vendor on a remote server that customers can access via the internet. As the prevalence of cloud computing services rises, so does the demand for cloud data recovery solutions. These disaster recovery tools are especially crucial as data stored on the cloud are potentially subject to cyber and malware attacks. For instance, Kroll Ontrack provides SharePoint and SQL server cloud data recovery solutions.
How Is the Hardware Support Services Market Segmented?
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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Which Companies Are Leading the Charge in Hardware Support Services Market Innovation?
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
Which Regions Are Leading the Global Hardware Support Services Market in Revenue?
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
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