June 13, 2024
ICT

IT Devices Market Size to Cross USD 4,436.53 Bn by 2033

The global IT devices market size accounted for US$ 1,782.05 billion in 2023  and is projected to reach around USD 4,436.53 billion by 2033, growing at a CAGR of 9.55% from 2024 to 2033.

Key Points

  • Asia Pacific dominated the market with the largest share of 36% in 2023.
  • North America is expected to expand at a notable CAGR of 11.04% between 2024 and 2033.
  • By product, the mobile devices segment has contributed more than 46% of market share in 2023.
  • By product, the peripheral devices segment is expected to grow at the fastest CAGR of 11.04% between 2024 and 2033.
  • By operating system, the android segment has accounted largest market share of 40% in 2023.
  • By operating system, the iOS segment is projected to grow at a double digit CAGR of 11.08% between 2024 and 2033.
  • By distribution channel, the offline segment has generated more than 57% of market share in 2023.
  • By application, the enterprise segment has captured more than 58% of market share in 2023.

IT Devices Market Size 2024 to 2033

Report Summary

The global IT devices market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the IT devices market across the globe.

A comprehensive estimate on the IT devices market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of IT devices during the forecast period. Price point comparison by region with global average price is also considered in the study.

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IT Devices Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 9.55%
Global Market Size in 2023 USD 1,782.05 Billion
Global Market Size by 2033 USD 4,436.53 Billion
Largest Market Asia Pacific
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Product, By Operating System, By Distribution Channel, and By Application
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized IT devices market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

Also Read:  Animal Model Market Size to Attain USD 5.72 Billion by 2033

Market Players

The report includes the profiles of key IT devices market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Recent Developments

  • In February 2024, Xiaomi announced that it is about to work on the launch of a new wearable device. The launch of the wearable device for detecting unexpected hidden cameras and alerting users from being secretly photographed.
  • In February 2024, Honar is about to launch Honar X9b 5G, its second phone in India. The company is promoting its launch and specification of the phone on its social media. It specifically prompted their phone to have features like an ‘ultra-bounce’ display and claimed customers don’t need to apply any tempered glass on it.
  • In February 2024, tech-giant Apple is planning to launch its inaugural foldable device within the upcoming year. The launch presents itself as a replacement for the 7-8 inch existing iPad mini. As per the Korean publication, The Elec the company is currently assessing the timeline for the launching of the device between 2026 and 2027.
  • In February 2024, Cupertino announced the Apple TV, Apple Music, and Apple devices standalone apps are available globally. The latest app is made for the replacement of iTunes stores on Windows PCs running Windows 11 and Windows 10 (only x86-based systems are supported at this time).
  • In January 2024, the Global launch of the Samsung Galaxy Ring is set to be confirmed for the second half of 2024. The smart ring is planning to launch with the Galaxy Z Fold 6. The Galaxy Ring is incorporated with the sensors monitors for fitness and health.

IT Devices Market Companies

  • Microsoft Corporation
  • Open Systems International Inc.
  • Rockwell Automation Inc.
  • S & C Electric Company
  • Samsung Electronics Co Ltd
  • Schneider Electric S.E.
  • Siemens AG
  • ABB Ltd.
  • Apple Inc.
  • Cisco Systems
  • Dell Technologies Inc.
  • Eaton Corporation
  • Honeywell International Inc.
  • Landis Gyr Inc.
  • Lenovo Group Limited

Segments Covered in the Report

By Product

  • Mobile Devices
  • Peripheral Devices
  • Computers and Laptops
  • Networking Equipment

By Operating system

  • Windows
  • macOS
  • Linux
  • iOS
  • Android
  • Others

By Distribution Channel

  • Online
  • Offline

By Application

  • Enterprise
  • Consume

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on IT Devices Market 

5.1. COVID-19 Landscape: IT Devices Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global IT Devices Market, By Product

8.1. IT Devices Market Revenue and Volume Forecast, by Product, 2024-2033

8.1.1. Mobile Devices

8.1.1.1. Market Revenue and Volume Forecast (2021-2033)

8.1.2. Peripheral Devices

8.1.2.1. Market Revenue and Volume Forecast (2021-2033)

8.1.3. Computers and Laptops

8.1.3.1. Market Revenue and Volume Forecast (2021-2033)

8.1.4. Networking Equipment

8.1.4.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 9. Global IT Devices Market, By Operating system

9.1. IT Devices Market Revenue and Volume Forecast, by Operating system, 2024-2033

9.1.1. Windows

9.1.1.1. Market Revenue and Volume Forecast (2021-2033)

9.1.2. macOS

9.1.2.1. Market Revenue and Volume Forecast (2021-2033)

9.1.3. Linux

9.1.3.1. Market Revenue and Volume Forecast (2021-2033)

9.1.4. iOS

9.1.4.1. Market Revenue and Volume Forecast (2021-2033)

9.1.5. Android

9.1.5.1. Market Revenue and Volume Forecast (2021-2033)

9.1.6. Others

9.1.6.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 10. Global IT Devices Market, By Distribution Channel 

10.1. IT Devices Market Revenue and Volume Forecast, by Distribution Channel, 2024-2033

10.1.1. Online

10.1.1.1. Market Revenue and Volume Forecast (2021-2033)

10.1.2. Offline

10.1.2.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 11. Global IT Devices Market, By Application 

11.1. IT Devices Market Revenue and Volume Forecast, by Application, 2024-2033

11.1.1. Enterprise

11.1.1.1. Market Revenue and Volume Forecast (2021-2033)

11.1.2. Consume

11.1.2.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 12. Global IT Devices Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.1.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.1.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.1.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.1.5.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.1.5.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.1.5.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.1.6.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.1.6.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.1.6.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.2.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.2.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.5.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.2.5.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.2.5.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.6.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.2.6.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.2.6.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.7.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.2.7.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.2.7.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.8.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.2.8.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.2.8.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.3.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.3.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.5.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.3.5.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.3.5.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.6.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.3.6.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.3.6.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.7.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.3.7.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.3.7.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.8.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.3.8.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.3.8.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.4.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.4.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.5.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.4.5.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.4.5.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.6.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.4.6.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.4.6.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.7.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.4.7.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.4.7.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.8.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.4.8.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.4.8.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.5.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.5.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.5.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.5.5.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.5.5.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.5.5.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.5.6.2. Market Revenue and Volume Forecast, by Operating system (2021-2033)

12.5.6.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)

12.5.6.4. Market Revenue and Volume Forecast, by Application (2021-2033)

Chapter 13. Company Profiles

13.1. Microsoft Corporation

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Open Systems International Inc.

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Rockwell Automation Inc.

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. S & C Electric Company

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Samsung Electronics Co Ltd

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Schneider Electric S.E.

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Siemens AG

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. ABB Ltd.

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Apple Inc.

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Cisco Systems

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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