Computer And Peripherals Support Services Market Insights: In-Depth Look at Growth Trends, Market Size, and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What External and Internal Drivers Are Contributing to the Growth of theComputer And Peripherals Support Services Market?
The anticipated surge in computer usage is set to drive the expansion of the computer and peripheral support services market. A computer is a programmable electronic apparatus that accepts raw data as input and manipulates it according to a specific set of directives (a program) to create a result. The value of computers is rooted in their capacity to stockpile and retrieve large quantities of data for future reference. Consequently, an increase in computer usage will positively affect the computer and peripheral support services market. For example, in February 2022, Dell Inc., a U.S.-based tech firm, announced that it attained a record annual revenue of $101.2 billion in fiscal year 2022, marking a 17% increase over the previous year. This was fueled by extraordinary demand, efficient operations, growth in all business segments, along with a record number of PC shipments, leading to an operating income of $4.7 billion (a 26% hike), and non-GAAP operating income of $7.8 billion, a rise of 12%. As a result, the increasing use of computers is stimulating the growth of the computer and peripheral support services market.
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#What is the Projected CAGR for the Computer And Peripherals Support Services Market Size from 2025 to 2034?
Over the past few years, the size of the computer and peripherals support services market has consistently expanded. There’s an anticipated rise from $38.7 billion in 2024 to $40.32 billion in 2025, registering a compound annual growth rate (CAGR) of 4.2%. This historic period growth is influenced by factors such as increase in PC penetration rates, expenditure on business IT, business globalization, advancements in software, and heightened customer awareness and education.
In the upcoming years, the market size of computer and peripherals support services is projected to witness robust growth, escalating to $49.17 billion by 2029 with a compound annual growth rate (CAGR) of 5.1%. This anticipated growth in the forecast period is set to be driven by factors such as remote workforce changes, cybersecurity issues, embracing cloud computing, data privacy legislation, sustainability, and green IT. Noteworthy trends predicted for the forecast period include the surge of e-commerce and digital transformations, developing technologies, technological progression, remote monitoring and management (RMM), as well as the uptake of cloud-based support solutions.
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Which Upcoming Market Trends and Innovations Are Set to Influence theComputer And Peripherals Support Services Market’s Path Forward?
Product development is emerging as a significant trend in the computer and peripherals support services industry. The focus of leading companies in this sector is on innovation in a bid to consolidate their market presence. An example of this trend came in October 2022 when the US-based ViewSonic Corporation unveiled two ultra-wide 34-inch curved monitors optimised for gaming – the ELITE XG341C-2K and ELITE XG340C-2K. Thanks to a 1500R curvature, the ELITE XG341C-2K provides enhanced colour vibrancy and peak brightness measures at 1400 nits. The ELITE XG340C-2K, on the other hand, has a 1000R curve, a swift 180Hz refresh rate, and a 1ms response time. Both monitors support HDMI 2.1 and can handle video resolution up to 10K.
Who Are the Dominant Market Players Pushing the Boundaries of theComputer And Peripherals Support Services Market?
Major companies operating in the computer and peripherals support services market include Apple Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Inc., Hitachi Ltd., Siemens AG, Lenovo Group, Accenture plc, Hewlett-Packard Inc., International Business Machines Corporation(IBM), Cisco Systems Inc., Oracle Corporation, Fujitsu Limited, Canon Inc., NEC Corporation, Tata Consultancy Services Limited, Toshiba Corporation, Cognizant Digital Business, DXC Technology IT Transformation Services, Atos Managed Services, Seiko Epson Corporation, Ricoh Company, Logitech International S.A., Egyptian Maintenance Company (EMC), Wipro Infrastructure Engineering Services
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What Are the Core Segments of the Computer And Peripherals Support Services Market, and How Do They Contribute to Growth?
The computer and peripherals support services market covered in this report is segmented –
1) By Connectivity: Wired, Wireless
2) By Device Type: Input Devices, Output Devices, Storage Devices
3) By Distribution Channel: Super markets Or Hyper markets, Brand Stores, Online Stores, Other Distribution Channels
4) By End-user: Commercial, Residential
Subsegments:
1) By Wired: USB Connections, Ethernet Connections, Serial And Parallel Connections
2) By Wireless: Wi-Fi Connections, Bluetooth Connections, NFC Connections
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What Regions Are Dominating the Computer And Peripherals Support Services Market Growth?
Asia-Pacific was the largest region in the computer and peripherals support services market in 2024. The regions covered in the computer and peripherals support services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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