Global IT Devices Market is valued at approximately USD 1586.03 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 9.5% over the forecast period 2023-2030. 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.
Major market player included in this report are:
- ABB Ltd.
- Apple Inc.
- Cisco Systems
- Dell Technologies Inc.
- Eaton Corporation
- Honeywell International Inc.
- Landis Gyr Inc.
- Lenovo Group Limited
- Microsoft Corporation
- Open Systems International Inc.
Recent Developments in the Market:
- In November 2023, L&T Technology Services, a manufacturer of intelligent products, has collaborated with Nvidia Corporation, a leader in AI-based products, to create software-defined architectures aimed at enhancing image quality and scalability for endoscopic medical devices. This architecture provides a flexible platform for various applications and real-time decision-making tools within the medical industry.
- In September 2022, Apple, the global frontrunner in the smartphone industry, unveiled the iPhone 14 and iPhone 14 Plus. These devices feature a powerful new primary camera with notable enhancements in low-light capabilities, improved connectivity through 5G and eSIM, and the impressive A15 Bionic processor, contributing to extended battery life. The seamless integration with iOS 16 enhances overall efficiency, making the iPhone more advanced than ever before.
Global IT Devices Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Product Type, Operating Systems, Distribution Channel, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Product Type:
- Computers and Laptops
- Mobile Devices
- Peripheral Devices
- Networking Equipment
By Operating Systems:
- Windows
- macOS
- Linux
- iOS
- Android
- Others
By Distribution Channel:
By Application:
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. IT Devices Market, by region, 2020-2030 (USD Billion)
- 1.2.2. IT Devices Market, by Product Type, 2020-2030 (USD Billion)
- 1.2.3. IT Devices Market, by Operating System, 2020-2030 (USD Billion)
- 1.2.4. IT Devices Market, by Distribution Channel, 2020-2030 (USD Billion)
- 1.2.5. IT Devices Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global IT Devices Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global IT Devices Market Dynamics
- 3.1. IT Devices Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising demand for 5G enabled mobile devices
- 3.1.1.2. Growing mobile broadband penetration
- 3.1.1.3. Increasing investments in smart city projects across the world
- 3.1.2. Market Challenges
- 3.1.2.1. Contracting demand for desktop computers
- 3.1.2.2. Increasing concerns about cybersecurity
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising digital transformation in businesses
- 3.1.3.2. Rising technological advancement
Chapter 4. Global IT Devices Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global IT Devices Market, by Product Type
- 5.1. Market Snapshot
- 5.2. Global IT Devices Market by Product Type, Performance - Potential Analysis
- 5.3. Global IT Devices Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
- 5.4. IT Devices Market, Sub Segment Analysis
- 5.4.1. Computers and Laptops
- 5.4.2. Mobile Devices
- 5.4.3. Peripheral Devices
- 5.4.4. Networking Equipment
Chapter 6. Global IT Devices Market, by Operating System
- 6.1. Market Snapshot
- 6.2. Global IT Devices Market by Operating System, Performance - Potential Analysis
- 6.3. Global IT Devices Market Estimates & Forecasts by Operating System 2020-2030 (USD Billion)
- 6.4. IT Devices Market, Sub Segment Analysis
- 6.4.1. Windows
- 6.4.2. macOS
- 6.4.3. Linux
- 6.4.4. iOS, Android
- 6.4.5. Others
Chapter 7. Global IT Devices Market, by Distribution Channel
- 7.1. Market Snapshot
- 7.2. Global IT Devices Market by Distribution Channel, Performance - Potential Analysis
- 7.3. Global IT Devices Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
- 7.4. IT Devices Market, Sub Segment Analysis
- 7.4.1. Online
- 7.4.2. Offline
Chapter 8. Global IT Devices Market, by Application
- 8.1. Market Snapshot
- 8.2. Global IT Devices Market by Application, Performance - Potential Analysis
- 8.3. Global IT Devices Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 8.4. IT Devices Market, Sub Segment Analysis
- 8.4.1. Consumer
- 8.4.2. Enterprise
Chapter 9. Global IT Devices Market, Regional Analysis
- 9.1. Top Leading Countries
- 9.2. Top Emerging Countries
- 9.3. IT Devices Market, Regional Market Snapshot
- 9.4. North America IT Devices Market
- 9.4.1. U.S. IT Devices Market
- 9.4.1.1. Product Type breakdown estimates & forecasts, 2020-2030
- 9.4.1.2. Operating System breakdown estimates & forecasts, 2020-2030
- 9.4.1.3. Distribution Channel breakdown estimates & forecasts, 2020-2030
- 9.4.1.4. Application breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada IT Devices Market
- 9.5. Europe IT Devices Market Snapshot
- 9.5.1. U.K. IT Devices Market
- 9.5.2. Germany IT Devices Market
- 9.5.3. France IT Devices Market
- 9.5.4. Spain IT Devices Market
- 9.5.5. Italy IT Devices Market
- 9.5.6. Rest of Europe IT Devices Market
- 9.6. Asia-Pacific IT Devices Market Snapshot
- 9.6.1. China IT Devices Market
- 9.6.2. India IT Devices Market
- 9.6.3. Japan IT Devices Market
- 9.6.4. Australia IT Devices Market
- 9.6.5. South Korea IT Devices Market
- 9.6.6. Rest of Asia Pacific IT Devices Market
- 9.7. Latin America IT Devices Market Snapshot
- 9.7.1. Brazil IT Devices Market
- 9.7.2. Mexico IT Devices Market
- 9.8. Middle East & Africa IT Devices Market
- 9.8.1. Saudi Arabia IT Devices Market
- 9.8.2. South Africa IT Devices Market
- 9.8.3. Rest of Middle East & Africa IT Devices Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. ABB Ltd.
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Recent Developments
- 10.3.2. Apple Inc.
- 10.3.3. Cisco Systems
- 10.3.4. Dell Technologies Inc.
- 10.3.5. Eaton Corporation
- 10.3.6. Honeywell International Inc.
- 10.3.7. Landis Gyr Inc.
- 10.3.8. Lenovo Group Limited
- 10.3.9. Microsoft Corporation
- 10.3.10. Open Systems International Inc.
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption