Press release
Global Hardware Support Services Industry Outlook 2025-2029: Market Set to Cross $1448.09 Billion Milestone
Hardware Support Services
How Large Will the Hardware Support Services Market Size By 2025?
In recent times, the market for hardware support services has seen robust growth. The market, which was valued at $1026.49 billion in 2024, is projected to increase to $1088.2 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.0%. Factors such as prosperous economic development in emerging markets and the availability of affordable skilled labor in these markets contributed to the growth seen in the historical period.
How Big Is the Hardware Support Services Market Size Expected to Grow by 2029?
Anticipated to witness robust expansion in the upcoming years, the hardware support services market is projected to reach $1448.09 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 7.4%. This surge during the prediction period is credited to the escalation in demand for cloud-based hardware support services in emerging regions, swift modifications in the industry's infrastructure, and an increase in the utilization of presently available products. Significant trends steering the market's trajectory during the projection period include strategic consolidation activities, the adoption of cloud computing, the incorporation of predictive maintenance, the acceptance of green IT solutions, and innovative technological advancements.
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Which Key Market Drivers Powering Hardware Support Services Market Expansion and Growth?
As governments worldwide are bolstering the development of smart cities, the demand for computer hardware products and consequently hardware support services market is anticipated to rise in the forecasted era. The European Union is actively endorsing the agendas for smart cities, providing funding for research and sustainability targets for its member countries. The idea of smart cities is also gaining momentum in emerging economies. For example, globally, over 1,000 smart city pilot projects are either prepared for or undergoing construction, out of which around 500 are in China. The comprehensive smart-city setup includes systems and items interconnected with multiple technologies such as local, wired, and wireless networks. This promotion of smart cities subsequently amplifies the need for hardware support services.
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Which Fast-Growing Trends Are Poised to Disrupt the Hardware Support Services Market?
Firms from various sectors are increasingly preferring cloud software solutions due to their elimination of the necessity for physical storage for software deployment. Cloud computing facilitates software application hosting on a remote server by a supplier, which can be accessed by the clients over the internet. The burgeoning growth of cloud computing services has spiked the demand for cloud data recovery tools. These disaster recovery implements are essential since cloud data is susceptible to cyber and malware intrusions. For example, Kroll Ontrack provides SharePoint and SQL server cloud data recovery services.
What Are the Emerging Segments in the Hardware Support Services Market?
The hardware support servicesmarket 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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Who Are the Global Leaders 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
Which are the Top Profitable Regional Markets for the Hardware Support Services Industry?
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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