Computer Hardware Market Report 2025

The computer hardware market size has grown strongly in recent years. It will grow from $714.77 billion in 2024 to $760.98 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to increasing personal computing revolution, globalization of supply chains, rise of the internet, data center expansion, operating system developments.

The computer hardware market size is expected to see strong growth in the next few years. It will grow to $972.16 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to growing remote work infrastructure, sustainable hardware practices, smart cities development, digital transformation initiatives, rise of remote work. Major trends in the forecast period include edge computing, AI and machine learning integration, modular and upgradeable systems, biometric security integration, hybrid and multi-cloud environments.

The computer hardware market is anticipated to benefit from the rapid increase in investments in smart city projects across various countries worldwide. Smart city technologies utilize information and communication technologies to efficiently manage and operate urban services, such as transportation systems, water supply, and law enforcement. These technologies are supported by IoT (Internet of Things), which represents the convergence of computing devices, mechanical objects, and digital entities. This system allows for data transfer over a network with minimal human-to-computer interaction. Smart cities rely on computers and associated hardware, thus providing advantages to companies in this market. For example, in January 2022, Eurazeo, a France-based investment firm, announced the second closing of its Smart City II Venture Fund at €150 million, drawing in new institutional and corporate partners from Europe and Asia. The concept of smart cities is also gaining traction in developing nations.

The expanding information technology industry is expected to drive the growth of the computer hardware market. The information technology (IT) sector encompasses the creation, management, and application of technology and computer-based systems to store, transmit, retrieve, and manipulate data. IT plays a crucial role in computer hardware by facilitating the design, manufacturing, deployment, management, and maintenance of hardware components and systems. For instance, in March 2024, a report from the United States Census Bureau, a US-based federal statistical agency, revealed that the adoption of AI is rapidly increasing, rising from 3.7% of companies in Fall 2023 to 5.4% in February 2024, with projections suggesting an increase to 6.6% by Fall 2024. The employment-weighted usage rate indicates that around 12% of workers in firms will be utilizing AI by that time. Therefore, the growth of the information technology industry is driving the computer hardware market.

A notable trend impacting the computer hardware market is the increasing preference for tablets over traditional laptop computers. Driven by factors such as portability, 3G and 4G connectivity, and lightweight design, tablets have become a popular choice among consumers. A Nielsen study indicates a declining trend in desktop usage among tablet owners, signaling a shift in consumer preferences. This shift encourages computer hardware manufacturers to focus on designing and producing tablets, adapting to changing user behaviors.

Major players in the computer hardware market are introducing innovative products to boost market revenues. One such example is AMD, a US-based semiconductor company, launching the Ryzen 5 7500F desktop processor in July 2023. This powerful processor, offering excellent performance for its price, targets budget-conscious gamers and professionals. With features such as a base clock of 3.7 GHz, a maximum boost clock of up to 5 GHz, support for dual-channel DDR5 memory, and 24 usable PCIe 5 lanes, the Ryzen 5 7500F exemplifies the industry's commitment to innovation.

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.

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. The countries covered in the computer hardware market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The computer hardware market includes revenues earned by entities by consists of sales of 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. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

Computer hardware refers to the physical components necessary for a computer system to operate. These tangible hardware components collaborate to process, store, input, and output data and information within a computer system.

The main types of computer hardware include computer peripheral equipment, computer storage devices, servers, and computers. Computer peripheral equipment comprises devices, including sensors, used to input information and instructions into a computer for storage or processing. It also facilitates the delivery of processed data to the operator or to a machine controlled by the computer. These hardware components can be distributed through various channels, including online and offline, and cater to end-users in both households and commercial settings.

The computer hardware market research report is one of a series of new reports that provides computer hardware market statistics, including computer hardware industry global market size, regional shares, competitors with a computer hardware market share, detailed computer hardware market segments, market trends and opportunities, and any further data you may need to thrive in the computer hardware industry. This computer hardware market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.