2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

Which Primary Drivers Are Supporting the Continued Market Growth of theComputer Hardware Market?

The global growth of the computer hardware industry is anticipated to be propelled by a surge in investments in smart city projects throughout a variety of countries. Smart city technology, which leverages information and communication approaches to adeptly manage urban services such as transportation, water supply, and law enforcement, depends heavily on Internet of Things (IoT) technology. IoT represents a union of computer devices and physical and digital components, allowing data transfer across a network without the need for human intervention and with minimal human-to-computer interaction. Consequently, smart cities demand computers and related hardware, bringing advantages to businesses within this market sector. As an example, Eurazeo, a French investment firm, announced the second closing of its Smart City II Venture Fund in January 2022, raising €150 million and drawing new institutional and corporate partners from Europe and Asia. The smart city concept is also gaining traction in emerging economies.

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#What is the Growth Potential of the Computer Hardware Market, and How Will It Perform by 2034?

In the past few years, the computer hardware market has experienced considerable growth. It is projected to increase from a market size of $714.77 billion in 2024 to $760.98 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%. This escalation in the previous period can be credited to factors such as the surge in personal computing revolution, the globalization of supply chains, the advent of the internet, expansion of data centers, and advancements in operating systems.

The market for computer hardware is projected to witness significant expansion in the forthcoming years, with its value expected to reach $972.16 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 6.3%. This surge in the predicted period can be credited to the escalating adoption of remote work setups, progressive hardware procedures, the emergence of smart urban regions, ongoing digital transformation drives, and the increased acceptance of remote work practices. Leading trends anticipated during the forecasted period encompass the implementation of edge computing, integration of AI and machine learning, modular and upgradeable systems, the inclusion of biometric security, and the use of hybrid and multi-cloud environments.

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How Are Consumer Market Innovations Shaping the Current and Future Landscape of theComputer Hardware Market?

Numerous tech firms are launching tablet devices as substitutes for laptop computers. The convenience of carrying, the capability to link with 3G and 4G networks, and the lightweight nature of these gadgets are key factors behind consumers’ growing preference for tablets. A study by Nielsen revealed that less than one-third of the surveyed tablet owners suggested their desktop usage will be restricted or non-existent. This diminishing use of desktop PCs is fuelling the motivation for computer hardware fabricators to create tablets.

Who Are the Key Market Players Influencing the Growth of the Corn and Computer Hardware Industry?

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

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Which Key Market Segments Comprise the Computer Hardware Market and Drive Its Revenue Growth?

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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Which Regions Are Emerging as Leaders 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.

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