Global revenue of the technology market 2019-2028

The global revenue in the devices market was forecast to continuously increase between 2023 and 2028 by in total 88.4 billion U.S. dollars (+12.3 percent). After the fourth consecutive increasing year, the indicator is estimated to reach 807.2 billion U.S. dollars and therefore a new peak in 2028.

The Statista Market Insights cover a broad range of additional markets.

Revenue of the technology hardware market worldwide from 2019 to 2028 (in million U.S. dollars)

Characteristic	Revenue in million U.S. dollars
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Supplementary notes

Data provided by Statista Market Insights are estimates.

The Devices market segments reflect the most important markets for IT and Telco Equipment. This includes the segments of PCs and Phones.

Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Company examples: Dell, Apple, Samsung, Huawei

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