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Global IT Devices Market to reach USD 3278.12 billion by the end of 2030.

Global IT Devices Market Size study & Forecast, 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) and Regional Analysis, 2023-2030

Product Code: ICTH-80468566
Publish Date: 10-01-2024
Page: 200

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:
Ø 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.
Ø 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:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product Type, Operating Systems, Distribution Channel, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü 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:

By Distribution Channel:
By Application:
By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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 Rising demand for 5G enabled mobile devices Growing mobile broadband penetration Increasing investments in smart city projects across the world
3.1.2. Market Challenges Contracting demand for desktop computers Increasing concerns about cybersecurity
3.1.3. Market Opportunities Rising digital transformation in businesses 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 Product Type breakdown estimates & forecasts, 2020-2030 Operating System breakdown estimates & forecasts, 2020-2030 Distribution Channel breakdown estimates & forecasts, 2020-2030 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. Key Information Overview Financial (Subject to Data Availability) Product Summary 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

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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