Global Computer Hardware Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

31 May, 2021

The computer hardware market consists of sales of computer hardware and related services by entities (organizations, sole traders and partnerships) that provide computer hardware including personal computers (PCs), laptops and tablets, computer storage devices, peripheral equipment, etc. The computer hardware market includes servers and processors but does not include embedded systems used in automobiles and manufacturing plants.

Global Computer Hardware Market Size And Drivers:

The global computer hardware market is expected to grow from $862.93 billion in 2020 to $944.09 billion in 2021 at a compound annual growth rate (CAGR) of 9.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1178.15 billion in 2025 at a CAGR of 6%. The computer hardware market is expected to be aided by rapid growth in investments in smart city projects in many countries globally.

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Trends In The Global Computer Hardware Market

Many technology companies are introducing tablets to replace laptop computers. Portability, ability to connect to 3G and 4G networks, and the light weight of these devices are the major reasons for individuals increasingly opting for tablets. According to a Nielsen study less than one-third of tablet owners surveyed indicated that their desktop usage will be limited or not at all. This decreasing usage of desktop computers is encouraging computer hardware manufacturers to design and produce tablet computers.

Global Computer Hardware Market Segments:
The global computer hardware market is further segmented based on type and geography.
By Type: Computer Peripheral Equipment, Computer Storage Devices And Servers, Computers
By End-User: Household, Commercial
By Distribution Channel: Online, Offline
Sub-segments covered: Mouse, Keyboard, Monitor, Printer, Scanner, Computer Storage Devices, Computer Servers, PCs, Laptops, Tablets, Other Computers
By Geography: The global computer hardware market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global computer hardware market, accounting for 43% of the market in 2020.

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Computer Hardware Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides computer hardware market overviews, analyzes and forecasts market size and growth for the global computer hardware market, computer hardware market share, computer hardware market players, computer hardware market segments and geographies, computer hardware market’s leading competitors’ revenues, profiles and market shares. The computer hardware market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.