With the emergence and long-term Impact of COVID-19, the Global IT Devices Market is to reach USD 3278.12 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global IT Devices Market is poised to raise up to USD 3278.12 Billion by 2030. Information Technology (IT) devices encompass a wide range of electronic tools and equipment designed to facilitate the storage, processing, transmission, and retrieval of digital information. These devices play a crucial role in modern computing and communication systems, enabling individuals and organizations to perform various tasks efficiently. Common examples of IT devices include personal computers, laptops, tablets, smartphones, servers, routers, and storage devices. The IT Devices market is expanding because of factors such as rising demand for 5G enabled mobile devices, growing mobile broadband penetration and increasing investments in smart city projects across the world.
As per the GSMA report, the global mobile internet subscriber count reached 4.2 billion in year 2022, and projections indicate an anticipated increase to 5 billion by 2025. This surge in internet subscriber demand has significantly boosted the global market for smartphones, consequently driving market expansion. In addition, rising digital transformation in businesses and rising technological advancement is creating new opportunities to the market growth. However, the contracting demand for desktop computers stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global IT Devices Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 with largest market share owing to the factors such as rising adoption of digital infrastructure, rising broadband connection, rising smartphone penetration in the region. North America is expected to grow at a fastest rate during the forecast period, owing to factors such as rising technological advancement, rising internet penetration in the region.
The global IT Devices Market is highly competitive owing to the presence of several key manufacturers such as ABB Ltd., Apple Inc., Cisco Systems, Dell Technologies Inc., Eaton Corporation, Honeywell International Inc., Landis Gyr Inc., Lenovo Group Limited, and others.
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Key findings of the study suggest:
- Global IT Devices Market is anticipated to grow with a healthy growth rate of more than 9.5% over the forecast period 2023-2030.
- In the product type segment, peripheral devices emerged as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth owing to rising adoption of digital infrastructure.
- North America is expected to grow at a high CAGR followed by Asia Pacific during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Product Type:
- Computers and Laptops
- Mobile Devices
- Peripheral Devices
- Networking Equipment
By Operating Systems:
- Windows
- macOS
- Linux
- iOS
- Android
- Others
By Distribution Channel:
- Online
- Offline
By Application:
- Consumer
- Enterprise
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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