Press release
Emerging Trends to Drive Computer Hardware Market Growth at 5.8% CAGR Through 2029
Computer Hardware Market
Computer Hardware Market Size Growth Forecast: What to Expect by 2025?
In the past few years, there has been a significant increase in the size of the computer hardware market. It is expected to balloon from $705 billion in 2024 to $740.54 billion in 2025, manifesting a compound annual growth rate (CAGR) of 5.0%. This steady growth during the historical period can be ascribed to the surge in personal computing revolution, the worldwide expansion of supply chains, the proliferation of the internet, the augmentation of data centers, and advancements in operating systems.
How Will the Computer Hardware Market Size Evolve and Grow by 2029?
Expectations are high for robust expansion in the computer hardware market size in the upcoming years. Predictions place it at $928.61 billion by 2029, climbing at a compound annual growth rate (CAGR) of 5.8%. Factors contributing to this anticipated growth during the forecast period include the expansion of remote work infrastructure, sustainable hardware initiatives, development of smart cities, digital transformation efforts, and the prevalence of remote work. Key trends during this period are likely to be edge computing, artificial intelligence and machine learning integration, systems that are modular and capable of upgrades, integration of biometric security, and hybrid and multi-cloud environments.
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What Drivers Are Propelling the Growth of Computer Hardware Market Forward?
The anticipated surge in investments towards smart city projects globally is expected to bolster the computer hardware market. Efficient management and operation of urban services like water supply, transportation systems, and law enforcement are achieved through the use of smart city technologies, which are largely dependent on information and communication technologies. This is made possible through the Internet of Things (IoT) technology, a convergence of computing devices with mechanical and digital objects allowing for data transfer over a network with little to no human intervention. Smart cities are reliant on computers and associated hardware, which presents a beneficial scenario for companies in this industry. For example, in January 2022, a France-based investment firm, Eurazeo, announced their second round of closing for their Smart City II Venture Fund, attracting €150 million. This round saw the participation of new corporate and institutional partners from Europe and Asia. Emerging economies are also showing increased interest in the smart city concept.
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Which Emerging Trends Are Transforming the Computer Hardware Market in 2025?
Numerous tech firms are launching tablets as a substitute for laptop computers. Their lightweight nature, portability, and compatibility with 3G and 4G networks contribute to consumers' growing preference for tablets. A study by Nielsen revealed that less than a third of tablet owners anticipated a decline in desktop usage, if not total avoidance. As a result of the dwindling use of desktop computers, manufacturers of computer hardware are being propelled to develop and manufacture tablet computers.
What Are the Key Segments in the Computer Hardware Market?
The computer hardwaremarket 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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Who Are the Key Players Shaping the Computer Hardware Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth 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.
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