Market Insights report
Devices are one of the biggest IT markets in terms of revenue. It is shaped by various trends, e.g., cloud adoption, 5G, or sustainability, as well as an increasing need of companies and consumers for flexibility and mobility. While digitization progresses, hardware devices are constantly adapted to up-to-date standards. That is why the Devices market recovers relatively quickly after economic downturns e.g., seen after the financial crisis of 2008. The strive for innovation powers and restores the whole market.
This report provides an overview of the Devices market and includes a range of statistics: The overall market development, a forecast until 2026, and more are included for the global Devices market as well as for the two submarkets Phones, and PCs. In total, the worldwide Devices revenue, which is expected to amount to US$706 billion in 2023, is expected to continue growing to reach US$741 billion by 2026.
What's included?
In this report, market revenues, growth potentials, market drivers, key players, and future trends in the Devices market are discussed.
In the Technology Market Insights, the Devices market is divided into two parts: PCs and Phones. Overall, the Devices market is expected to generate US$706 billion worldwide revenue in 2023. Thereof the Phones market accounts for the biggest share, comprising approximately 71% of worldwide revenues. Key players presented in this report are Apple, Samsung, Huawei, and Dell.
In global comparison, most revenue is projected to be generated in China (US$161 billion), mainly due to strong demand for smartphones. The second and third largest markets for Devices are the United States with US$98 billion and India (US$57 billion).
Market Outlook
The Devices market
Overview
We provide information on industries, companies, consumers, trends, countries, and politics, covering the latest and most important issues in a condensed format.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)