GLOBAL COMPUTER HARDWARE MARKET

The global computer hardware market is predicted to increase at a CAGR of 9.4% over the next five years. The computer hardware market is likely to benefit from a surge in investment in smart city projects in a number of nations around the world. Information and communication technologies are used in smart city technology to efficiently manage and operate urban services such as transportation, water supply, and law and order. These technologies are made possible by Internet of Things (IoT) technology. The Internet of Things (IoT) is the coming together of computational devices, mechanical devices, and digital items. This technology allows data to be transferred over a network without the need for human intervention and with minimum human-computer contact.

COMPUTER AND ELECTRONIC PRODUCT MANUFACTURING INDUSTRY

Computers, computer peripherals, communications equipment, and other electronic devices are produced by the computer and electronic product manufacturing business. These items are utilised in both homes and companies, as well as government and military institutions. Many electronics items or components are also used in other industries’ products, such as automobiles, toys, and appliances.

COMPUTER ACCESSORIES INDUSTRY

The market for computer accessories is growing at a CAGR of 6%. Because of the non-portable capabilities and functionalities of computers, there has been a significant increase in demand for computer accessories. Most businesses spend a portion of their operating budget on computer accessories in order to keep their day-to-day operations running without interruption. Organizations can perform more efficiently if their hardware and software components are maintained on a regular basis. One of the key factors driving growth in the computer accessories market is the adoption of process automation in industries. Many business users purchase these accessories from third-party vendors and resell them at a reasonable cost, allowing end-users to choose accessories that meet their needs and budget. Due to the limited number of sellers in the computer accessories market, it necessitates constant upgrades and innovation because it is technologically advanced. Because accessories are used in new computers and replacement applications, several manufacturers make computer items. Because of the growing reliance on digitization, computer accessories such as hard drives, mice, and keyboards are being used more frequently. Rising security concerns, which have resulted in a surge in the use of computer accessories in PC-enabled offices, are contributing to the market’s growth.

Information Technology (IT) Industry

The information technology (IT) industry has grown to be one of the world’s most thriving industries. IT has enhanced productivity more than any other industry or economic element, particularly in the developed world, and is thus a primary engine of global economic growth. This rapidly expanding sector is characterised by economies of scale and insatiable demand from both consumers and businesses. The information technology industry has a lot of economies of scale. The marginal cost of each new unit of software or hardware is negligible when compared to the value added as a result.

• Unlike other common industries, the IT industry is knowledge-based.
• Efficient utilization of skilled labor forces in the IT sector can help an economy achieve a rapid pace of economic growth.
• The IT industry helps many other sectors in the growth process of the economy including the services and manufacturing sectors.

Indian Software Product Industry

In comparison to the IT-BPM business, India’s global sourcing market continues to grow at a faster rate. India is the world’s most popular sourcing destination, with a market share of around 55 percent of the US$ 200-250 billion global services sourcing industry. The software product sector in India is estimated to reach $100 billion. Indian enterprises are concentrating their efforts on overseas investments in order to grow their global presence and improve their global delivery centres. Tata Consultancy Services has stated that it will hire 1,500 technology personnel in the UK over the next year. TCS will be able to deliver more efficiently to UK customers as a result of the advancement.

TOP PLAYERS WORLDWIDE

• Apple Inc.
• Dell Technologies Inc.
• Hewlett-Packard Development Company LP
• Hon Hai Precision Industry Co. Ltd.
• HP Inc.
• Lenovo Group Ltd. (LNVGY)
• Lexmark International, Inc.
• Logitech
• Microsoft Corporation
• Panasonic Corp.
• Samsung Electronics Co. Ltd.
• Seagate Technology LLC
• Seiko Epson Corporation
• Sony Corp.
• Toshiba Corporation
• Western Digital Corporation