Computer Hardware Market Characteristics
The computer hardware market consists of sales of computer hardware by entities (organizations, sole traders and partnerships) that produce computer hardware including digital equipment for everyday use in homes and for performing day to day activities in offices, such as personal computers (PCs) laptops and tablets, computer storage devices, peripheral equipment, system design services and related services. The computer harware market includes servers and processors but does not include embedded systems used in automobiles and manufacturing plants.
Competitive Landscape of the Computer Hardware Market
Major players in the global computer hardware market include Apple, IBM, HP.
Computer Hardware Market Size
The computer hardware market size is expected to reach $200 billion by 2022, significantly growing at a CAGR of around 6% during the forecast period. The growth in the computer hardware market is due to emerging markets growth, technology development, increasing data volume.
However, the market for computer hardware is expected to face certain restraints from several factors such as budgets, security concerns.
Computer Hardware Market Segmentation
The global computer hardware market is further segmented based on type and geography.
By Type - The computer hardware market is segmented into computers, computer peripheral equipment, computer storage device among these segments, the computers market accounts for the largest share in the global computer hardware market.
By Geography - The global computer hardware is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific computer hardware market accounts the largest share in the global computer hardware market.
Trends in the Computer Hardware Market
Emergence of internet of things, innovative alternatives to existing products and tablets are being designed to replace laptops are the major trends witnessed in the global computer hardware market.
Potential Opportunities in the Computer Hardware Market
With smart cities, government initiatives, internet of things (IoT), the scope and potential for the global computer hardware market is expected to significantly rise in the forecast period.