Estimated Growth Potential Of The Hardware Support Services Market 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global hardware support services market will increase from $987.05 billion in 2022 to $1042.31 billion in 2023, with a 5.6% CAGR. Anticipated growth is a CAGR of 4.7%, reaching $1250.82 billion by 2027.
Western Europe was the largest region in the hardware support services market in 2022. North America was the second largest region in the hardware support services market.
Hardware Support Services Market Driver
Global governments’ investment in smart city development is set to boost computer hardware and, consequently, the hardware support services market. The European Union actively supports smart city projects, allocating funds for research and sustainability goals. This trend extends to developing nations, with over 1,000 smart city pilot initiatives worldwide, including 500 in China, involving interconnected systems and objects via diverse technologies. This expansion fuels demand for hardware support services.
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Key Hardware Support Services Market Segments
The global hardware support services market is segmented –
1) By Type: Computer And Peripherals Support Services, Storage And Servers Support Services, Networking Support Services, Other Hardware Support Services
2) By Mode: Online, Offline
3) By Warranty Type: In Warranty, Out of Warranty
Hardware Support Services Market Prominent Players
Major players in the hardware support services market are Intel Corporation, Dxc Technology, telefonaktiebolaget lm ericsson, International Business Machines Corporation, Dell Technologies Inc., Cisco Systems, Inc., Huawei, NEC Corporation, Fujitsu Ltd. and Accenture.
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Prominent Hardware Support Services Market Trend
Cloud software is widely adopted as it eliminates physical storage needs. It involves remote hosting, accessible via the internet. The growing cloud computing industry drives demand for data recovery tools due to cybersecurity risks. Kroll Ontrack provides SharePoint and SQL server cloud data recovery solutions.
The Hardware Support Services Global Market Report 2023 provides comprehensive insights on the hardware support services market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the hardware support services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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