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Smart City Revolution Boon For The Computer Industry Emerges as a Core Driver of the Computers Market in 2025
Computers Market
What Is the Expected CAGR for the Computers Market Through 2025?
The industry of computers has experienced robust growth in the recent years. The market size is set to increase from $457.62 billion in 2024 to $484.99 billion in 2025, registering a compound annual growth rate (CAGR) of 6.0%. The escalation observed during the historical period can be traced back to factors like increasing consumer demand, enterprise IT expenditure, worldwide economic climates, government efforts, and innovation in design.
What's the Projected Size of the Global Computers Market by 2029?
The industry size for computers is anticipated to witness significant expansion in the years ahead, with a projected size of $630.61 billion in 2029 and a compound annual growth rate (CAGR) of 6.8%. Factors contributing to this promising augmentation during the projection period include cybersecurity issues, sustainability efforts, advancements in quantum computing, and changing form factors. Key trends expected during this forecast period encompass the integration of the internet of things (IoT) and edge computing, the incorporation of AI and machine learning, solutions in hybrid cloud, and aspects of customization and personalization.
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Top Growth Drivers in the Computers Industry: What's Accelerating the Market?
The forecasted expansion in the computer market is largely supported by the accelerating investment in smart city initiatives worldwide. Information and communication technologies are pivotal in smart city frameworks for effective administration and operation of city services including transport, water supply and law maintenance. The enabler of such technologies is the Internet of Things (IoT) - an amalgamation of computing gadgets, mechanical and digital machinery. The IoT mechanism simplifies data transfer over a network, cutting down on human intervention and minimizing human-computer interactions. The deployment of computers and associated hardware in smart cities provides a significant boost to the companies in the market. For instance, APG Algemene Pensioen Groep N.V. has revealed an investment of €250 million in the Smart City Infrastructure Fund with an aim to foster smart city projects across North America, Europe, Australia and several other urban hotspots globally. Additionally, the allure of the smart city notion is catching up within developing countries too. Evidence of this is the over 1,000 smart city pilot initiatives worldwide which are either completed or under progress, with about 500 such projects located in China.
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What Trends Will Shape the Computers Market Through 2029 and Beyond?
The Internet of Things (IoT) is unfolding as the latest wave in the computer industry, holding the potential to influence various business sectors significantly. By blending the physical and digital realms, the Internet of Things presents a wealth of opportunities for companies, governmental bodies, and end-users alike. It constitutes a complex network involving several players like device manufacturers, telecommunications service providers, software vendors, and IT service organizations. For example, the August Smart Lock, which utilizes the Internet of Things framework, can automatically secure and open a user's home front door and even provide remote access to potentially guests, friends, or workforce.
What Are the Main Segments in the Computers Market?
The computersmarket 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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Which Top Companies are Driving Growth 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 Regions Will Dominate the Computers Market Through 2029?
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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