Internet of Things (IoT) is going to speed up the creation of smart cities that will eventually increase the demand for computer hardware. IoT is emerging as the next big trend in the computers market with the ability to create an impact across the business spectrum and has merged the physical and online worlds to open up to a host of opportunities for companies, governments and consumers.
Computers are digital equipment for everyday use in homes and for performing day to day activities in offices. These include personal computers (PCs) laptops and tablets. The computers market also comprises computer storage devices, peripheral equipment, system design services and other related services. The computers market includes servers and processors but does not include embedded systems used in automobiles and manufacturing plants.
The various types of computers include personal computers, laptops, tablets, storage devices, processors, other input and output devices.
HP emerged as the largest company in the computer hardware industry with a total revenue of $69 billion and is expected to lead the market with its focus on global expansion. Other major competitors in the market include Apple and International Business Machines Corporation (IBM).
The Business Research Company expects the global computer hardware market is to grow to $269 billion in 2020. Americas was the largest geographic market with about half of the market share followed by Europe in 2016.
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The chart below shows the year-on-year growth of the global computer hardware market during 2016 – 2020.
According to The Business Research Company’s Technology Consultant, Moin Mohammed, advanced software and technology are playing a major role in creating smart cities that have led to an increase in the demand for computers, computer peripherals, servers and associated services. The overall smart-city experience involves systems and objects interconnected through various technologies, like local, wide and wireless networks. It is also becoming popular in developing nations too. For instance, in China and India alone almost 300 smart cities are being planned.
Global Computer Hardware Market Analytics is a detailed report giving a unique insight into this market. The report is priced at $1250 for an individual user. To use across your office the price is $1750 and $2500 if you wish to use across a multinational company.
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