How Has the Computer Hardware Market Evolved Historically and What is its Current Size
The computer hardware market has seen considerable growth due to a variety of factors.
• The size of the computer hardware market has seen a significant increase in the past few years. The market, which was worth $714.77 billion in 2024, is projected to scale up to $760.98 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.5%.
The growth during the historic period is a result of a surge in personal computing revolution, expansion of global supply chains, the rise of the internet, the spread of data centers, and advancements in operating systems.
What Is The Projected Growth And Market Size For The Computer Hardware
The computer hardware market is expected to maintain its strong growth trajectory in upcoming years.
• The valuation of the computer hardware market is anticipated to witness significant growth in the forthcoming years. With an estimated value of $972.16 billion in 2029 and a compound annual growth rate (CAGR) of 6.3%, it marks a promising future. Factors such as the enhancement of remote work infrastructure, adherence to sustainable hardware practices, development of smart cities, digital transformation plans, and the rise of remote work contribute to this expected growth in the forecast period. The key trending aspects during this period include the widespread use of edge computing, the incorporation of AI and machine learning, the emergence of modular and upgradeable systems, the integration of biometric security, and the environment of hybrid and multi-cloud systems.
Which Drivers Are Accelerating Growth In The Computer Hardware Market?
The expected boost in the computer hardware market can be attributed to the swift expansion in smart city project investments worldwide. Smart city technologies utilize information and communication systems for the effective management of urban services like public transportation, water supply, and public safety. These technologies operate through IoT technology, which is a combination of computing devices and mechanical and digital items. This system promotes data transfer across a network without human intervention and minimal human-computer engagement. Computer hardware and associated gadgets are used in smart city technology, which will ultimately benefit the firms working in this market. For instance, in January 2022, the France-based investment firm, Eurazeo, mentioned its Smart City II Venture Fund's second closing at €150 million, drawing new institutional and corporate partners from Europe and Asia. The smart city concept is also gaining traction in developing countries.
What Are The Main Segments Of The Global Computer Hardware Market?
The computer hardware market 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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What Emerging Trends Are Influencing The Growth Of The Computer Hardware Market?
A large number of tech firms are launching tablets as substitutes for laptop computers. Features like portability, 3G and 4G connectivity, and lightweight make these devices popular among people. A study conducted by Nielsen reveals that less than one-third of the surveyed tablet users thought they would need to use their desktop minimally or not at all. This decline in desktop usage is prompting computer hardware makers to shift their focus on creating tablet computers.
Who Are the Key Players in the Computer Hardware Market?
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 Is The Most Dominant Region 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.
