The digital, electronic equipment includes personal computers (PCs) laptops and tablets. The computers accessories market comprises of computer storage devices, peripheral equipment, system design services, servers and processors. Globally the computer hardware market covers CPU, peripherals, storage and applied in the fields of telecom, IT services, software products, computer hardware. The leading companies in the computer hardware market are Dell, Lenovo, Apple Inc., HP, Fujitsu Ltd and others. The factors affecting the growth of the global computer hardware market are global population, GDP, computer hardware indicators comparison, internet penetration, households with access to home computers, average internet speed (Mbps).
Hardware components in a computer are fixed parts that make up a personal computer, on which software and operating systems are installed. Highly homogeneous components are used in mass market computers that are simple to use by the consumers’ and can be assembled without assistance. A standard desktop computer comprises of hardware components such as a power supply, motherboard, and hard disk along with external hardware devices such as monitors, keyboards, and mouse which are connected. Motherboard is the main hardware component inside a computer which is a large rectangular board that interconnects the central processing unit (CPU), random access memory, disk drives, and any other peripherals.
According to the research report “Computer Hardware Market Global Report 2017”, global computer hardware Industry faces many threats as well as opportunities such as growing demand for computer hardware products in the emerging markets, rapid growth of computer hardware manufacturing units due to cost benefits and finally, sustaining volume demand with lower units selling prices that affects revenue. Global rise in consumers spending limit and consumers awareness of computer technology irrespective of age and gender has increased the demand for computer hardware products in the emerging markets. It was observed that there is an upward trend in the computer hardware market. The increasing demand for tablet devices and mobile phones has discouraged the demand for traditional PCs worldwide. These developments in the computer hardware market will surely benefit from broad global economic growth and encourages the market acceptance of digital information. With the latest product innovations in computer hardware market and growing demand for information technology in global emerging markets will surely fuel the revenue growth.
Operators in computer hardware industry manufacture a variety of computer hardware products and peripherals. Few popular brand owners provide a broad range of services, including support services and professional services, such as IT consulting, systems integration and network management. Sometimes these operators also develop software.
Emergence of Internet of Things (IoT) is the next big trend in the computers market and has the ability to create an impact across the hardware business. Internet of Things merged the physical and online worlds to open up to opportunities for companies, governments and consumers. Multiple players such as device vendors, communication service providers, software vendors and IT service providers are a combination of the complex ecosystem in IoT.
Personal computers (PCs), mainframes, supercomputers, servers and special-use computers are designed for specific uses by various downstream industries. New generation complete computers account for the majority of industry revenue. The success factors involved in the global computer hardware manufacturing industry are economies of scale, effective cost controls and having links with suppliers. The external factors involved are global GDP and global aggregate private investment in the computer hardware manufacturing industry.
With the effect of the oscillations in the global GDP there may be a steady growth in the computer hardware market with the growing needs of the consumer. Sophisticated innovation and technology will surely lead to the improvement in the growth of the computer hardware market in the coming years.
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Ankur Gupta, Head Marketing & Communications