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Smart City Revolution Boon For The Computer Industry: A Key Catalyst Accelerating Computers Market Growth in 2025
Computers
How Large Will the Computers Market Size By 2025?
In recent years, there has been a notable expansion in the size of the computers market. From $465.34 billion in 2024, it's predicted to swell to $499.94 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%. The growth observed in the historic period is primarily due to factors such as increased consumer demand, enterprise IT investments, worldwide economic conditions, government actions, as well as innovation in design.
How Big Is the Computers Market Size Expected to Grow by 2029?
In the coming years, the computer market is anticipated to witness robust expansion. A substantial growth to $662.35 billion by 2029 is anticipated, reflecting a compound annual growth rate (CAGR) of 7.3%. Various factors contributing to this anticipated growth include increased concerns about cybersecurity, initiatives for sustainability, advances in quantum computing, and changing form factors. During the forecast period, several trends will emerge such as the integration of Internet of Things (IoT) and edge computing, assimilation of AI and machine learning, development of hybrid cloud solutions, and heightened focus on customization and personalization.
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Which Key Market Drivers Powering Computers Market Expansion and Growth?
The projection for the computer market is optimistic due to the significant surge in funds allocated for smart city ventures across various nations worldwide. Smart city solutions utilize information and communication systems to proficiently control and maintain urban amenities, comprising of transport networks, water utilities, and public safety operations. These solutions harness the power of Internet of Things (IoT) technology, a fusion of computational devices and a mixture of mechanical and digital entities. This arrangement allows for data exchange across a network eliminating most human involvement and marginalizing the need for human-computer engagement. This adoption of computers and associated hardware in smart city implementations proves beneficial for firms functioning in this market. APG Algemene Pensioen Groep N.V. has declared an investment sum of €250 million in the Smart City Infrastructure Fund, directed towards the progression of smart city ventures scattered across North America, Europe, Australia, and many other significant urban locations worldwide. The smart city concept is also gaining traction in emerging economies, for example, there are approximately 1,000 smart city trial projects that are either fully prepared or are in the building phase worldwide and about 500 of these are based in China.
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Which Fast-Growing Trends Are Poised to Disrupt the Computers Market?
The Internet of Things (IoT) is on the rise as the latest significant trend in the computing market, poised to affect various business domains. The IoT fuses the physical and virtual realms, offering a wealth of opportunities for organizations, governments, and end-users. It's a multifaceted ecosystem consisting of device manufacturers, communications service providers, software developers, and IT service agencies. An example of this is the August Smart Lock. It utilizes the IoT framework to autonomously lock and unlock a user's front door and even offers remote access to visitors, friends, or personnel.
What Are the Emerging Segments in the Computers Market?
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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Who Are the Global Leaders 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
Which are the Top Profitable Regional Markets for the Computers Industry?
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.
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