The IT Hardware Market Report is Segmented by Product Type (PC Client Devices, Servers, and More), End User (Enterprise, Government and Public Sector, BFSI, and More), Deployment Environment (On-Premise, and Cloud), Distribution Channel (Direct/OEM, System Integrators, Value-Added Resellers, and Online Retail), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The India IT Hardware Market Report is Segmented by Product Type (PCs and Workstations, Enterprise Networking Hardware, Enterprise Storage Devices, and More), End-User Industry (Consumer, and Enterprise), Industry (BFSI, Retail, IT and Telecom, and Other End-User Industries), and Geography (North India, East India, West and Central India, and South India). The Market Forecasts are Provided in Terms of Value (USD).

The global computer hardware market, valued at $130.86 billion in 2025, is projected to experience robust growth, driven by several key factors. The increasing demand for high-performance computing across various sectors, including enterprise, education, and gaming, fuels market expansion. Advancements in technology, such as the development of faster processors, larger storage capacities, and more energy-efficient components, are significant drivers. The rising adoption of cloud computing and the Internet of Things (IoT) also contribute to increased demand for computer hardware, particularly networking equipment and storage solutions. Furthermore, the ongoing shift towards remote work and digitalization across industries necessitates upgraded infrastructure and individual computing devices, bolstering market growth. While potential supply chain constraints and economic fluctuations could present temporary headwinds, the long-term outlook remains positive, fueled by continuous technological innovation and increasing digital transformation globally. Segment-wise, the PC & Workstation segment is expected to remain a significant contributor to overall market revenue, followed by networking hardware (routers, hubs, switches) and server markets. The growth in data centers and cloud infrastructure will likely propel the server and storage device segments. Geographically, North America and Europe currently hold significant market share, but the Asia-Pacific region is anticipated to witness the most rapid growth due to increasing digitalization and a burgeoning middle class. Companies like HP Inc., Dell Technologies, Lenovo, and Apple are major players, continuously competing through innovation and product diversification to maintain market dominance. The forecast period (2025-2033) suggests continued expansion, though the pace of growth may fluctuate yearly depending on global economic conditions and technological breakthroughs. Recent developments include: 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.. Key drivers for this market are: Rapid Growth of the IT Industry, Increasing Digitization of the Public Sector. Potential restraints include: Rapid Growth of the IT Industry, Increasing Digitization of the Public Sector. Notable trends are: Rapid Growth of the IT Industry is Expected to Drive the IT Hardware Market.

India IT Hardware Market size was valued at USD 20.16 Billion in 2024 and is projected to reach USD 35.23 Billion by 2032, growing at a CAGR of 7.23% from 2026 to 2032.

The India IT Hardware Market is driven by the increasing demand for digital transformation and rapid adoption of advanced technologies across various sectors. The rise in remote working, online education, and growing internet penetration have significantly boosted the demand for laptops, desktops, and tablets. Government initiatives like Digital India and increased investments in IT infrastructure are further propelling market growth.

Additionally, the rising focus on data security and the shift towards cloud-based solutions are driving demand for advanced servers and storage systems.

Significant fluctuations are estimated for all segments over the forecast period for the revenue. In general, the revenue appear to exhibit a positive trend, with more segments showing increasing values rather than decreasing values until 2029. Among them, the segment Laptops attains the highest value throughout the entire period, reaching ***** billion U.S. dollars. Find other insights concerning similar markets and segments, such as a comparison of revenue in Portugal and a comparison of countries or regions regarding revenue.The Statista Market Insights cover a broad range of additional markets.

India IT hardware market is valued at USD 20 billion, driven by digital transformation, cloud computing, and demand for PCs, servers, and networking equipment amid remote work and AI adoption.

In 2029, the revenue change is forecast to significantly decrease in all segments compared to the previous time point. In this context, the notably strong decrease of the segment Storage Units towards the end of the forecast period stands out. In comparison to the average decrease of ****** percent, the indicator is decreasing significantly here, with a value of *** percent. Find other insights concerning similar markets and segments, such as a comparison of countries or regions regarding revenue. The Statista Market Insights cover a broad range of additional markets.

The global IT hardware market is projected to reach a valuation of approximately USD 1.2 trillion by 2033, growing at a compound annual growth rate (CAGR) of 5.8% from 2025 to 2033.

Australia IT Hardware Market was valued at USD 2.70 Billion in 2023 and is expected to reach USD 4.35 Billion by 2029 with a CAGR of 8.10% during the forecast period.

The statistic depicts a forecast of the global IT hardware market from 2007 to 2015. In 2007, the revenue of the IT hardware market amounted to ******* billion U.S. dollars worldwide.

The hardware manufacturing industry has faced a challenging operating environment over the past five years, with industry revenue declining at a compound annual rate of 2.2%. In 2025, industry revenue is expected to reach $10.0 billion, reflecting continued pressure from downstream market volatility, supply chain disruptions and previously subdued construction and automotive activity. 2025's revenue growth rate is expected to bounce back by 1.3%, as the sector recovers from subdued downstream markets and ongoing cost pressures. Profitability has also been compressed, with leading firms such as Allegion Plc and Assa Abloy reporting modest profit levels in the face of rising input costs and intense competition.Despite recent contraction, the industry’s outlook is set to improve over the next five years. Forecasts project a return to growth, with industry revenue expected to rise at a 2.3% compound annual growth rate, reaching $11.2 billion by 2030. This recovery will be fueled by stabilizing interest rates, a rebound in construction and renovation activity and renewed investment in infrastructure. Expanding downstream markets, particularly in residential and commercial construction, are anticipated to drive steady demand for builders’ hardware, doors and locks. Employment is also forecast to grow, with the industry expected to add more than 2,300 jobs by 2030, while wages are projected to increase in line with labor market trends.

Profitability will remain a key focus as manufacturers continue to navigate cost pressures and global supply chain uncertainties. Companies are investing in automation, digital transformation and supply chain resilience to protect profit and enhance productivity. The industry’s competitive landscape is expected to remain intense, with medium market concentration and a rising trend in competition as firms pursue innovation and operational efficiency. Overall, the hardware manufacturing industry is positioned for moderate recovery and gradual expansion, but success will depend on the ability to adapt to evolving market conditions and maintain cost discipline.

Supply Chain Security for IT Hardware Market Outlook

According to our latest research, the Global Supply Chain Security for IT Hardware market size was valued at $8.7 billion in 2024 and is projected to reach $23.4 billion by 2033, expanding at a CAGR of 11.2% during the forecast period from 2025 to 2033. One of the major factors fueling this robust growth is the escalation of cyber threats and sophisticated attacks targeting hardware supply chains, prompting organizations worldwide to prioritize end-to-end security measures. As digital transformation accelerates and IT infrastructure becomes more distributed, the need to safeguard hardware assets throughout their lifecycle—from manufacturing and transit to deployment and decommissioning—has become paramount. This heightened awareness, combined with evolving regulatory mandates and the proliferation of connected devices, is propelling the adoption of advanced supply chain security solutions across diverse sectors.

Regional Outlook

North America currently commands the largest share of the Supply Chain Security for IT Hardware market, accounting for approximately 38% of global revenue in 2024. This dominance can be attributed to the region’s mature IT ecosystem, stringent regulatory frameworks such as the NIST Cybersecurity Framework, and a high level of awareness among enterprises regarding supply chain vulnerabilities. The presence of major technology providers and cybersecurity firms, coupled with significant investments in R&D, has fostered the rapid development and deployment of innovative security solutions. Furthermore, high-profile incidents of supply chain breaches in recent years have heightened the urgency for comprehensive security strategies, particularly in critical sectors such as finance, healthcare, and defense. As a result, North American organizations are leading in the adoption of both software and hardware-based security measures, driving continuous market expansion.

Asia Pacific is projected to be the fastest-growing region in the Supply Chain Security for IT Hardware market with an impressive CAGR of 13.7% through 2033. The region’s growth is fueled by rapid industrialization, the proliferation of manufacturing hubs, and the increasing presence of global electronics supply chains in countries such as China, India, and South Korea. Governments across the region are actively investing in cybersecurity infrastructure and enacting policies to strengthen the resilience of critical IT assets. The surge in digitalization, expansion of cloud services, and the rise of smart manufacturing are creating new vulnerabilities, prompting enterprises to invest in advanced security solutions. Additionally, heightened geopolitical tensions and concerns over intellectual property theft are compelling both domestic and multinational firms to bolster their supply chain defenses, further accelerating market growth in Asia Pacific.

Emerging economies in Latin America, the Middle East, and Africa are gradually embracing supply chain security solutions for IT hardware, though adoption rates vary due to localized challenges. Limited awareness, budget constraints, and a shortage of skilled cybersecurity professionals have historically impeded large-scale deployment. However, the increasing frequency of cyberattacks, coupled with growing regulatory scrutiny and the expansion of digital services, is beginning to shift the landscape. Local governments are introducing incentives and frameworks to stimulate investment in supply chain security, while international collaborations are helping bridge knowledge and technology gaps. As these regions continue to digitalize their economies and integrate into global supply chains, demand for robust security solutions is expected to rise, albeit at a more measured pace compared to developed markets.

Report Scope

Supply Chain Security for IT Hardware Market Outlook

According to our latest research, the global supply chain security for IT hardware market size in 2024 stands at USD 4.8 billion, with a robust CAGR of 10.9% expected through the forecast period. By 2033, the market is projected to reach USD 12.1 billion, driven by escalating cyber threats, increasing regulatory scrutiny, and the growing complexity of global IT hardware supply chains. The surge in demand for robust security solutions is a direct response to the heightened risks of hardware tampering, counterfeit components, and data breaches that continue to jeopardize critical infrastructure and enterprise operations worldwide.

A primary growth factor for the supply chain security for IT hardware market is the exponential increase in cyberattacks targeting the hardware layer. As organizations become more reliant on complex, distributed supply chains, vulnerabilities have proliferated at each link, from raw material sourcing to final hardware assembly and delivery. High-profile breaches, such as those involving compromised firmware or the insertion of malicious chips, have underscored the necessity of holistic supply chain security strategies. This has led to a surge in investments in both physical and cybersecurity measures, as enterprises seek to safeguard intellectual property, maintain regulatory compliance, and protect sensitive data from sophisticated threat actors. The convergence of IT and operational technology (OT) environments further amplifies the need for integrated security solutions that span both digital and physical domains.

Another significant driver is the evolving regulatory landscape, with governments and industry bodies worldwide introducing stringent mandates for supply chain transparency and security. Regulations such as the US National Defense Authorization Act (NDAA), the European Union’s Cybersecurity Act, and various sector-specific guidelines have compelled organizations to implement end-to-end visibility, traceability, and risk management practices across their IT hardware supply chains. These regulatory pressures are particularly acute in critical sectors like BFSI, healthcare, and government, where the consequences of supply chain compromise are severe. As a result, enterprises are increasingly adopting advanced authentication, verification, and monitoring technologies to ensure compliance and mitigate reputational and financial risks.

The rapid proliferation of emerging technologies, such as artificial intelligence (AI), blockchain, and the Internet of Things (IoT), is also fueling market growth. These technologies are being leveraged to enhance supply chain security by providing real-time monitoring, automated anomaly detection, and immutable audit trails. For instance, blockchain-based solutions are being deployed to verify the provenance and integrity of hardware components, while AI-powered analytics enable proactive threat identification and response. The integration of these technologies into supply chain security frameworks not only bolsters resilience against evolving threats but also streamlines operational efficiency, reducing costs associated with manual inspections and legacy security processes.

From a regional perspective, North America commands the largest share of the global supply chain security for IT hardware market, accounting for approximately 41% of global revenue in 2024. This dominance is attributed to the region’s advanced IT infrastructure, high adoption rates of security technologies, and the presence of leading market players. Europe follows closely, driven by rigorous regulatory standards and a strong focus on digital sovereignty. Meanwhile, the Asia Pacific region is experiencing the fastest growth, with a CAGR of 13.2%, propelled by rapid industrialization, expanding manufacturing bases, and increasing awareness of supply chain risks among enterprises in countries such as China, Japan, and India.

Component Analysis

The supply chain security for IT hardware market is segmented by component into software, hardware, and services, each playing a pivotal role in enhancing the security posture of global IT supply chains. The software segment leads the market, accounting for over 45% of total revenue in 2024. This dominance is attributed to the growing adoption of advanced security platforms that offer real-time monitoring, predictive

The AI hardware market size is estimated to rise from $31.40 billion in 2024 to $624.45 billion by 2035, growing at a CAGR of 31.23% from 2024 to 2035.

The Global Artificial Intelligence Computing Hardware Market is segmented by Type (Stand-alone Vision Processor, Embedded Vision Processor, Stand-alone Sound Processor, and Embedded Sound Processor), End User (BFSI, Automotive, Healthcare, IT and Telecom, Aerospace and Defense, Energy and Utilities, and Government and Public Services), and Geography.

Global Quantum Computer Hardware Market is segmented by Application (Drug Discovery_ Cryptography_ Financial Modeling_ AI & Machine Learning_ Optimization Problems), Type (Superconducting Qubits_ Trapped Ions_ Photonics-Based Systems_ Quantum Dots_ Topological Qubits), and Geography (North America_ LATAM_ West Europe_Central & Eastern Europe_ Northern Europe_ Southern Europe_ East Asia_ Southeast Asia_ South Asia_ Central Asia_ Oceania_ MEA)

The India IT hardware market, exhibiting a robust Compound Annual Growth Rate (CAGR) of 7.10% between 2019 and 2024, is projected to continue its expansion throughout the forecast period (2025-2033). While the global market size in 2024 was $19.77 billion, a reasonable estimation for India's share, considering its significant and growing IT sector, would place its market size in 2024 at approximately $2 billion. This estimation accounts for India's substantial IT services sector and rising demand for hardware across various industries, from enterprises to consumers. Key drivers include the government's Digital India initiative, the burgeoning startup ecosystem, expanding cloud computing adoption, and increased demand for high-performance computing (HPC) in sectors like telecommunications, financial services, and education. Trends towards AI, IoT, and 5G infrastructure are also fueling growth. However, challenges such as fluctuating currency exchange rates, global supply chain disruptions, and cybersecurity concerns could act as restraints. The market is segmented based on hardware types (servers, storage, networking equipment, etc.) with major vendors including NetApp, Acer, Juniper, Hitachi, Arista, Samsung, Cisco, HP, Dell, Lenovo, Panasonic, and IBM actively competing for market share. The growth is expected to be geographically diverse, but significant opportunities exist in urban centers and expanding IT infrastructure across tier-2 and tier-3 cities. The forecast period (2025-2033) is expected to witness substantial growth driven by sustained investments in digital infrastructure, increased adoption of advanced technologies, and the government's continued push for digitalization. Specific segments like cloud computing hardware and data center infrastructure will likely see accelerated growth, mirroring global trends. The competitive landscape remains dynamic, with both global and domestic players vying for dominance. Successful players will be those who can adapt to technological advancements, offer competitive pricing, and provide robust after-sales support. The market's growth trajectory hinges on successfully mitigating supply chain risks and overcoming potential economic headwinds. Consistent government support and a focus on developing skilled IT professionals will be crucial to realizing the full potential of the Indian IT hardware market. This comprehensive report offers an in-depth analysis of the India IT hardware market, providing invaluable insights for businesses, investors, and policymakers. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report leverages historical data (2019-2024) to project future market trends and growth opportunities. The report covers key segments, analyzes leading players like Dell, HP, and Lenovo, and examines the impact of recent industry developments. Discover crucial market data, including market size (in millions), growth drivers, challenges, and emerging trends, all presented in an easily digestible format. Recent developments include: September 2023 - Tech Data, a subsidiary of TD SYNNEX, extended a partnership with Allied Telesis, a connectivity solutions and smart networks provider. As a result, Tech Data became the premium distributor for Allied Telesis India Pvt Ltd based in Mumbai, India, as part of the collaboration to enhance the country's burgeoning market for networking solutions. Allied Telesis solutions offer network control, reducing downtime and streamlining operations., February 2023 - Bharti Airtel, one of India's leading communications solutions providers, and Vultr announced a strategic partnership to offer cloud solutions to businesses of all sizes and across all industries. The cloud solutions would be hosted in Airtel's state-of-the-art data centers across Bengaluru. Customers can now leverage cutting-edge technologies to optimize business performance, accelerate digital innovation, and maximize return. Airtel would offer all of Vultr's services as a part of its enterprise solutions, including GPU offerings for advanced workloads related to AI, machine learning, analytics, visual computing, and gaming use cases.. Key drivers for this market are: Rapid Growth in Demand for Laptops to Accommodate Hybrid Work Policies, High Demand for Technology Integration and Efficient Computing Systems; Increasing Digitization of the Public Sector. Potential restraints include: Adverse Effects of Inflation Impacting the Market. Notable trends are: PC and Workstations to Hold Significant Market Share.

The Hardware Stores industry has been notably influenced by several trends over the past five years. A surge in do-it-yourself (DIY) projects has increased traffic to hardware stores as consumers seek tools and supplies for home projects. Stores have responded by widening product lines and hiring knowledgeable staff capable of guiding DIY enthusiasts. Economic growth and a robust real estate market have also given the sector a boost, fueling demand for everything from basic building supplies to high-end tools. However, the increased competition from large retail chains and the rise of e-commerce have presented challenges. Well-established retailer chains often provide more product options at lower prices, while online platforms have extended the competitive field, offering consumers the ease of price comparisons and home delivery. This increase in price-based competition from external retailers has pressured profit for traditional hardware stores. Still, revenue for the Hardware Stores industry is expected to increase at a CAGR of 3.6% to $42.0 billion through the end of 2024, including a rise of 1.2% in 2024 alone. As the industry looks to the future, it is set to benefit from the positive economic growth that increase consumers' disposable incomes. A steadying economy will further encourage investment in home improvements, thereby maintaining demand for hardware stores. Another potential boost is the anticipated growth in residential and commercial space as the US population expands, necessitating more construction and increasing demand for hardware supplies. However, the growing prevalence of substitutes like home improvement stores and the expansion of e-commerce will continue to pose challenges. Economies of scale will enable large retailers and home improvement stores to become more price competitive, while the continued growth of the Internet will boost the potency of online retailers. Overall, industry revenue is expected to rise at a CAGR of 1.8% to $45.9 billion through the end of 2029.

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AI In Hardware Market Size 2025-2029

The AI in hardware market size is valued to increase by USD 149.61 billion, at a CAGR of 27.6% from 2024 to 2029. Explosive growth of generative AI and large language models will drive the ai in hardware market.

Major Market Trends & Insights

North America dominated the market and accounted for a 38% growth during the forecast period.
By Type - Processor segment was valued at USD 17.49 billion in 2023
By Technology - Machine learning segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 791.53 million
Market Future Opportunities: USD 149612.70 million
CAGR from 2024 to 2029 : 27.6%

Market Summary

The market is experiencing explosive growth, with industry analysts projecting a value of USD190.67 billion by 2025. This expansion is driven by the shift towards domain-specific and application-specific architectures, enabling advanced capabilities in industries such as healthcare, finance, and manufacturing. Market growth is further fueled by the increasing demand for edge AI devices, cloud computing platforms, and data center infrastructure. However, this progress comes with challenges. Extreme power consumption and thermal management are major concerns, necessitating the development of more energy-efficient solutions.
As AI applications become increasingly complex, hardware manufacturers must balance performance and power efficiency to meet the demands of businesses and consumers alike. This dynamic market requires continuous innovation and collaboration between hardware and software developers to deliver efficient, scalable, and reliable AI solutions.

What will be the Size of the AI In Hardware Market during the forecast period?

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How is the AI In Hardware Market Segmented ?

The AI in hardware industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Processor
  Storage
  Network


Technology

  Machine learning
  Deep learning
  Computer vision
  Generative AI
  Others


End-user

  IT and telecom
  Healthcare
  Banking and finance
  Robotics
  Others


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The processor segment is estimated to witness significant growth during the forecast period.

The market is witnessing significant advancements, with the processor segment spearheading innovation and competition. This sector includes GPUs, ASICs, FPGAs, and CPUs with dedicated AI acceleration. The performance of these processors plays a crucial role in the feasibility and capability of deploying intricate AI models. Currently, GPUs reign supreme due to their massively parallel architecture, which excels in the matrix multiplication and tensor operations essential for deep learning. NVIDIA, a market leader, continues to push boundaries, introducing the H200 GPU in November 2023 to cater to the memory-intensive inference process and later unveiling the Blackwell architecture in March 2024, a platform tailored for trillion-parameter scale generative AI.

Meanwhile, other technologies like ASIC design, FPGA implementation, algorithm optimization, and neuromorphic computing are gaining traction, contributing to the evolving landscape. A recent study reveals that The market is projected to reach a value of USD191.2 billion by 2027, underscoring its immense potential.

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The Processor segment was valued at USD 17.49 billion in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

North America is estimated to contribute 38% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market is experiencing a dynamic evolution, with North America, spearheaded by the United States, leading the charge. This region is the hub of innovation and industry standard-setting, hosting the largest consumers of advanced silicon. Notable AI accelerator designers, such as NVIDIA, AMD, and Intel, are headquartered here, shaping the technological trajectory for the entire ecosystem. In March 2024, NVIDIA solidified its market dominance with the introduction of its next-generation Blackwell architecture, specifically engineered for the generative AI era.

Competition remains fierce, as evidenced by AMD's December 2023 launch of its Insti