IT Hardware Industry Size - Market Report on Share, Growth Trends & Forecasts Analysis (2025 - 2030)

The Report Covers Global IT Hardware Market Share and is Segmented By Type (PC & Workstations, Networking Hardware - Routers, Hubs, Switches, Server, Storage Devices) and Geography.

IT Hardware Industry Size - Market Report on Share, Growth Trends & Forecasts Analysis (2025 - 2030)

IT Hardware Market Size

IT Hardware Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 141.15 Billion
Market Size (2030) USD 206.05 Billion
CAGR (2025 - 2030) 7.86 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Low

Major Players

IT Hardware Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of IT Hardware Market with other markets in Technology, Media and Telecom Industry

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IT Hardware Market Analysis

The IT Hardware Market size is estimated at USD 141.15 billion in 2025, and is expected to reach USD 206.05 billion by 2030, at a CAGR of 7.86% during the forecast period (2025-2030).

The IT hardware market refers to the global industry encompassing the production, distribution, and sale of computer hardware components and devices. IT hardware includes a wide range of products, such as personal computers, laptops, servers, storage devices, networking equipment, peripherals (such as keyboards and printers), and other electronic devices used for computing.

  • Laptops and tablets have gained popularity due to their mobility and versatility. These devices are widely used for work, education, entertainment, and personal use. Manufacturers continually introduce new models with improved features like faster processors, better displays, longer battery life, and enhanced connectivity options.
  • The rapid growth of the IT industry has been a significant driver for the IT hardware market. IT is crucial in various sectors, including business, healthcare, education, finance, entertainment, and government. As the industry continues to expand and evolve, the demand for IT hardware increases correspondingly.
  • The increasing digitization of the public sector is a significant driver for the IT hardware market. Governments worldwide recognize the benefits of digital technologies and are implementing various initiatives to enhance their service delivery, improve efficiency, and provide better citizen-centric solutions.
  • The rising concern regarding e-waste poses a restraint on the IT hardware market. E-waste refers to electronic waste generated from discarded or obsolete electronic devices, including IT hardware components. As technology evolves rapidly, the lifespan of IT hardware devices has become shorter, leading to a significant increase in e-waste volumes.
  • The COVID-19 pandemic forced many organizations and educational institutions to adopt remote work and distance learning models. This led to a surge in demand for IT hardware devices like laptops, desktops, webcams, and accessories as individuals and businesses needed to equip themselves for remote work and learning environments.

IT Hardware Industry Overview

IT Hardware Market is highly fragmented with the presence of major players like HP Inc., Samsung Electronics Co. Ltd., Intel Corporation, Dell Technologies Inc., and Acer Inc. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

  • May 2023 - Samsung Electronics Co., Ltd. announced the global release of its 2023 Smart Monitor lineup. Samsung's new M8, M7, and M5 Smart Monitors Models Name M80C, M70C, and M50C, allow users to personalize their monitor to their style and demands when watching, playing, and working.
  • October 2022 - Intel signed an agreement with original design manufacturer VVDN Technologies to design, develop, and manufacture Intel-based devices for telecom, networking, cloud, and 5G in India. VVDN, situated in Gurgaon, develops solutions for global consumers in 5G, networking and Wi-Fi, vision, Internet of Things, cloud, and applications. VVDN operates six manufacturing units in Manesar, near Gurugram, and intends to invest Rs 500 crore USD 60.5 Million over the next three years to increase production capacity with a new factory in Tamil Nadu.

IT Hardware Market Leaders

  1. HP Inc.

  2. Samsung Electronics Co. Ltd.

  3. Intel Corporation

  4. Dell Technologies Inc.

  5. Acer Inc.

  6. *Disclaimer: Major Players sorted in no particular order
IT Hardware Market Concentration
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IT Hardware Market News

  • May 2023 - The IT hardware PLI 2.0 aims to increase India's output and presence in the global IT hardware/servers/laptop value chains. PLI 2.0 for IT hardware would catalyze India's USD300 billion electronics manufacturing ambition, a key component of its country's trillion-dollar digital economy aim.
  • April 2023 - Samsung Electronics and AMD announced a multi-year cooperation renewal to bring many generations of high-performance, ultra-low-power AMD Radeon graphics solutions to an extended array of Samsung Exynos SoCs.

IT Hardware Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Threat of New Entrants
    • 4.2.2 Bargaining Power of Buyers/Consumers
    • 4.2.3 Bargaining Power of Suppliers
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Industry Value Chain Analysis
  • 4.4 Assessment Of the Impact of COVID-19 on the Industry

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Rapid Growth of the IT Industry
    • 5.1.2 Increasing Digitization of the Public Sector
  • 5.2 Market Restraints
    • 5.2.1 Rising Concern Regarding e-Waste

6. MARKET SEGMENTATION

  • 6.1 By Type
    • 6.1.1 PC & Workstation
    • 6.1.2 Networking Hardware - Routers, Hubs, Switches
    • 6.1.3 Server Market
    • 6.1.4 Storage Devices
  • 6.2 By Geography
    • 6.2.1 North America
    • 6.2.2 Europe
    • 6.2.3 Asia Pacific
    • 6.2.4 Latin America
    • 6.2.5 Middle East and Africa

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 HP Inc.
    • 7.1.2 Samsung Electronics Co. Ltd.
    • 7.1.3 Intel Corporation
    • 7.1.4 Dell Technologies Inc.
    • 7.1.5 Acer Inc.
    • 7.1.6 Lenovo Group Ltd.
    • 7.1.7 Apple Inc.
    • 7.1.8 Sony Corporation
    • 7.1.9 Panasonic Corporation
    • 7.1.10 Cisco Systems Inc.
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTIRE OF THE MARKET

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IT Hardware Industry Segmentation

Hardware (H/W), in the context of technology, refers to the physical elements that make up a computer or electronic system and everything else involved that is physically tangible.

The IT Hardware Market is Segmented By Type (PC & Workstations, Networking Hardware - Routers, Hubs, Switches, Server, Storage Devices), by Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The market sizes and forecasts are provided in terms of value in USD billion for all the above segments.

By Type PC & Workstation
Networking Hardware - Routers, Hubs, Switches
Server Market
Storage Devices
By Geography North America
Europe
Asia Pacific
Latin America
Middle East and Africa
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IT Hardware Market Research FAQs

How big is the Global IT Hardware Market?

The Global IT Hardware Market size is expected to reach USD 141.15 billion in 2025 and grow at a CAGR of 7.86% to reach USD 206.05 billion by 2030.

What is the current Global IT Hardware Market size?

In 2025, the Global IT Hardware Market size is expected to reach USD 141.15 billion.

Who are the key players in Global IT Hardware Market?

HP Inc., Samsung Electronics Co. Ltd., Intel Corporation, Dell Technologies Inc. and Acer Inc. are the major companies operating in the Global IT Hardware Market.

Which is the fastest growing region in Global IT Hardware Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Global IT Hardware Market?

In 2025, the North America accounts for the largest market share in Global IT Hardware Market.

What years does this Global IT Hardware Market cover, and what was the market size in 2024?

In 2024, the Global IT Hardware Market size was estimated at USD 130.06 billion. The report covers the Global IT Hardware Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global IT Hardware Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

IT Hardware Industry Report

Statistics for the 2025 IT Hardware market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. IT Hardware analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

IT Hardware Market Report Snapshots