PUBLISHER: MarketLine | PRODUCT CODE: 1878459
PUBLISHER: MarketLine | PRODUCT CODE: 1878459
Global IT Hardware industry profile provides top-line qualitative and quantitative summary information including: market size (value , and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The global IT hardware market recorded revenues of $519.7 billion in 2024, representing a compound annual growth rate (CAGR) of 5.0% between 2019 and 2024.
The client computing hardware segment accounted for the market's largest proportion in 2024, with total revenues of $245.1 billion, equivalent to 47.2% of the market's overall value.
In 2024, the global IT hardware market recorded an annual growth of 4.3%. The growth is attributed to the expanding digital transformation agendas of businesses, which aim to enhance operational efficiency and competitiveness, thereby increasing investments in servers, networking equipment, storage infrastructure, and end-user computing devices.