The global revenue in the devices market was forecast to continuously increase between 2024 and 2028 by in total ***** billion U.S. dollars (+***** percent). After the ****** consecutive increasing year, the revenue is estimated to reach ***** billion U.S. dollars and therefore a new peak in 2028. Find more key insights for the revenue in countries and regions like the revenue in the devices market in the world and the revenue in the devices market in the United Kingdom. The Statista Market Insights cover a broad range of additional markets.

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.

Information technology generated around *** billion euros in revenue in Germany as of 2024. Figures increased annually during the timeline presented. IT industry revenue by segment varied during the same period, but IT hardware and services overtook software in 2024.

In 2023, software and tech hosting/cloud services/MSP companies had a much higher spending share on IT than other industries, amounting to ** percent and ** percent of their revenues, respectively. By contrast, the consumer products and services industry invested only around **** percent of their revenue in IT. Overall, all industries increased their IT spending per revenue share in 2023 compared to the previous year. Cloud computing Cloud computing is an essential IT service that utilizes a network of distant servers hosted over the Internet to store, handle, and process data. This segment of IT services was projected to generate revenues exceeding *** billion U.S. dollars in 2024 and is expected to continue its rapid growth trajectory. Managed Services Providers (MSPs) provide companies with the expertise and technical support to manage their cloud infrastructure and products without the need for in-house specialists. Cloud computing is segmented into three main categories. Software as a Service (SaaS) delivers software applications over the Internet, on a subscription basis, freeing companies from software and hardware management. Infrastructure as a Service (IaaS) offers a virtualized computing infrastructure managed over the Internet, allowing businesses to avoid the costs and complexities of purchasing and managing physical servers and data center infrastructure. Platform as a Service (PaaS) provides a platform allowing customers to develop, run, and manage applications without the complexity of building and maintaining the infrastructure.

Global Information Technology market size is expected to reach $12711.47 billion by 2029 at 8.0%, segmented as by type, it services, computer hardware, telecom, software products

Recording a y-o-y growth of 9.9%, the North America hardware asset management industry size reached US$ 9,356.03 million in 2023 and is expected to total US$ 10,380.23 million by 2024. Demand for hardware asset management solutions in the region is expected to rise at 11.9% CAGR during the forecast period.

Attributes	Key Insights
Base Value (2023)	US$ 9,356.03 million
Estimated North America Hardware Asset Management Industry Value (2024)	US$ 10,380.23 million
Projected North America Hardware Asset Management Industry Revenue (2034)	US$ 31,403.23 million
Value CAGR (2024 to 2034)	11.9%

Future Forecast for North America Hardware Asset Management Industry

Particular	Value CAGR
H1	11.7% (2023 to 2033)
H2	12.0% (2023 to 2033)
H1	11.8% (2024 to 2034)
H2	12.2% (2024 to 2034)

Country-wise Insights

Countries	Projected CAGR (2024 to 2034)
United States	11.1%
Mexico	14.8%
Canada	14.1%

Category-wise Insights

Solution	Value CAGR
Software	10.3%
Services	13.6%

Enterprise Size	Value CAGR
Small Offices (1 to 9 employees)	9.3%
Small Enterprises (10 to 99 employees)	13.0%
Medium-sized Enterprise (100 to 499 employees)	14.7%
Large Enterprises (500 to 999 employees)	11.3%
Very Large Enterprises (1,000+ employees)	10.5%

Industry	Value CAGR
Finance	15.1%
Manufacturing & Resources	11.3%
Distribution Services	8.1%
Services	14.0%
Public Sector	5.2%
Infrastructure	6.6%

The India IT Hardware Market report segments the industry into PCs and Workstations (End-user, Segmentation by Region, and more.), Enterprise Networking Hardware (Enterprise, Industry, and more.), Enterprise Storage Devices (Enterprise, Industry, and more.), Servers (Enterprise, Industry, and more.), Other Hardware (Includes Hard Copy Peripherals such as Printers and Copiers), and Region.

In 2023, the IT services segment in Germany generated a revenue of ** billion euros. This graph shows data on the revenue of the IT industry in Germany from 2005 to 2024, broken down by segment. The graph also includes a forecast for 2024 and 2025.

Global Computer Hardware market size is expected to reach $928.61 billion by 2029 at 5.8%, segmented as by type, computer peripheral equipment, computer storage devices and servers, computers

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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

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Europe Gaming Hardware Market Size 2024-2028

The Europe gaming hardware market size is forecast to increase by USD 3.91 billion, at a CAGR of 5% between 2023 and 2028.

The European gaming hardware market is experiencing significant growth, driven by the increasing popularity of e-sports games and multiplayer video games. The region's burgeoning gaming community is fueling demand for advanced gaming hardware to support immersive AR/VR gaming experiences. However, this market expansion faces challenges. The proliferation of counterfeit gaming industry products poses a significant threat, as these inferior alternatives undermine the value proposition of authentic offerings. Companies must prioritize quality and security to differentiate themselves and maintain customer trust. Additionally, staying abreast of evolving gaming trends and technologies is crucial for market success.
Adapting to these dynamics requires strategic planning, innovative product development, and effective marketing strategies. By focusing on these opportunities and challenges, gaming hardware providers can capitalize on the market's potential and navigate the competitive landscape effectively.

What will be the size of the Europe Gaming Hardware Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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In Europe's dynamic gaming hardware market, haptic feedback technology is gaining traction, enhancing user experience (UX) for gamers. Facebook Gaming and YouTube Gaming are leading streaming platforms, driving e-sports prize pools to new heights. E-sports leagues and teams are at the forefront of innovation, with high refresh rates and low input lag becoming essential for optimal game performance. RGB lighting and mechanical switches are popular customization options, while game optimization and system requirements remain key considerations.
E-sports players and sponsors continue to shape gaming culture, with e-sports viewership reaching unprecedented levels. Streaming software and e-sports events are essential components of this thriving industry, offering fans an immersive experience with minimal frame rate drops and response time delays.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Consoles
  PC
  Accessories


Geography

  Europe

    France
    Germany
    UK

By Product Insights

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

Gaming consoles, which serve as computer devices for video signal output, have evolved significantly from cartridge-based systems to those with built-in storage. Innovative features like touch controls, voice recognition, and gesture control continue to be integrated. The e-sports phenomenon has fueled the growth of the market, with casual gamers also catered to by options such as OUYA, PlayStation Vita TV, Amazon Fire TV, and Apple TV. Artificial intelligence and machine learning have become essential in gaming, enhancing user experiences through personalized recommendations and improved gameplay. Game marketing strategies have shifted towards subscription services, sponsorships, and influencer partnerships, while multiplayer gaming and competitive tournaments continue to attract large audiences.

Virtual reality and augmented reality technologies have added immersive dimensions to gaming, further expanding the market. Gaming software, including game engines and development tools, have seen significant advancements, enabling the creation of high-quality, engaging games. Free-to-play games have gained popularity, with in-game purchases contributing to revenue growth. Gaming peripherals, such as gaming chairs, headsets, keyboards, and mice, offer enhanced gaming experiences, while cooling systems ensure optimal performance. The gaming industry revenue continues to grow, driven by technological advancements and increasing consumer interest. Data privacy concerns have emerged as a significant issue, with companies implementing robust security measures.

Cloud gaming and console gaming have emerged as viable alternatives to traditional PC gaming, while game testing and localization ensure high-quality releases. In conclusion, the European gaming market is a dynamic and evolving landscape, driven by technological advancements, changing user demographics, and shifting market trends. From gaming consoles and accessories to software and services, the market offers a diverse range of products and experiences for gamers of all types. As the industry continues to grow, we can expect further innovations and developments that will shape the future

Global Computer Vision market size was USD 13.72 Billion in 2022. Computer Vision Industry's Compound Annual Growth Rate will be 18.4% from 2023 to 2030. What is driving the Computer Vision Market Growth?

Rapid advancements in robotics technology

Rapid advancements in robotics technology are a major driving factor contributing to the growth of the computer vision market. Computer vision and robotics technology are highly interrelated with each other. The combination of these two fields has the potential to revolutionize industries and bring about significant advancements. Computer vision enables robots to perceive and understand their environment, enabling them to perform complex tasks with accuracy and efficiency. This integration is important in industrial settings, where robots equipped with computer vision can perform tasks such as object recognition, quality control, assembly, and logistics. The manufacturing industry can make its production activities more flexible, adaptable, and efficient for business continuity when coupled with digitalization and computer vision technology. Computer vision technology provides robots with the ability to see and interpret visual information, enabling them to make real-time decisions based on their surroundings. This enables robots to adapt to dynamic environments, navigate obstacles, and interact safely with humans. In addition, robotics in manufacturing is being used in multiple different areas due to automation. Robot applications in manufacturing include welding, assembly, shipping, handling different materials, and product packaging. Due to this aspect, multiple manufacturers are shifting their focus to robotic automation for handling complex tasks. Therefore, computer vision technology plays an important role in ensuring the safety and efficiency of human-robot collaboration. For example, according to the International Federation of Robotics (IFR), the total installations of robots in manufacturing increased by around 12.1% and reached 41,624 units in 2022. The automotive industry is the top adopter, where companies based in the US, Canada, and Mexico installed nearly 20,391 industrial robots which are up by 30% compared to 2021. Computer vision technology also enhances quality control processes by allowing robots to inspect and identify defects or anomalies in products. Robots equipped with computer vision systems can perform visual inspections with high precision and speed, ensuring consistent quality and reducing human error. For example, South Korea is the most robotized and automation-focused country in the world, followed by Singapore. All these factors contribute to the growth of the computer vision market.

The rising trend toward deep learning and artificial intelligence (AI) (Access Detailed Analysis in the Full Report Version)


Increasing demand for facial detection technologies in a wide range of applications (Access Detailed Analysis in the Full Report Version)

Introduction of Computer Vision

Computer vision is a branch of artificial intelligence (AI) that enables computers and systems to extract meaningful information from digital photos, videos, and other visual inputs and perform actions or make decisions based on that information. If artificial intelligence (AI) gives computers the ability to think, computer vision gives them the ability to perceive, watch, and understand. Computer vision works much the same as human vision. The human sight takes advantage of lifetimes of context to train how to distinguish between objects, determine their distance from the subject, determine whether they are moving, and determine whether an image is incorrect. Instead of using retinas, optic nerves, and the visual cortex, computer vision trains robots to execute these tasks in a lot less time using cameras, data, and algorithms. Furthermore, computer vision technology finds applications across multiple industries. In healthcare, it aids in medical imaging analysis, diagnosis, and disease detection. In automotive, computer vision enables driver assistance systems and autonomous vehicles. The retail industry utilizes computer vision for inventory management, facial recognition for personalized shopping experiences, and cashier-less checkout systems. Computer vision needs lots of data. It keeps performing analyses of the data until it can distinguish between things and recognize images.&nb...

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On-Device AI Market Size 2025-2029

The on-device AI market size is valued to increase USD 160.24 billion, at a CAGR of 34.5% from 2024 to 2029. Growing demand for enhanced data privacy and security will drive the on-device ai market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 47% growth during the forecast period.
By Component - Hardware segment was valued at USD 17.11 billion in 2023
By Technology - 7 nm segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: 596.75 million
Market Future Opportunities: USD 160.24 billion 
CAGR : 34.5%
APAC: Largest market in 2023

Market Summary

The market represents a dynamic and continuously evolving landscape, driven by the growing adoption of advanced core technologies such as machine learning and natural language processing. Applications in various sectors, including healthcare, finance, and consumer electronics, are witnessing significant growth. Service types, including on-device analytics and automation, are becoming increasingly popular. However, challenges such as power consumption and thermal management constraints, as well as regulatory considerations, pose significant hurdles. As of 2023, the market accounts for approximately 15% of the overall AI market share. The emergence of on-device generative AI and small language models is further fueling market growth.
The need for enhanced data privacy and security is another major driver, as organizations and individuals seek to protect sensitive information from potential breaches. Despite these opportunities, the market faces challenges related to the complexity of implementing on-device AI solutions and the need for significant computational power. In summary, the market is an evolving and dynamic landscape, characterized by the adoption of advanced technologies, growing applications, and regulatory considerations.

What will be the Size of the On-Device AI Market during the forecast period?

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How is the On-Device AI Market Segmented and what are the key trends of market segmentation?

The on-device AI 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.

Component

  Hardware
  Software
  Services


Technology

  7 nm
  10 nm
  20 to 28 nm


Application

  Smartphones
  Wearables
  Smart speakers


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Component Insights

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

The market is experiencing significant growth, with system-on-a-chip (SoC) integration becoming increasingly prevalent. Edge AI platforms are reducing memory footprints and optimizing hardware acceleration units for real-time performance. Over-the-air updates enable neural network architecture evolution on embedded AI systems, which are being adopted on resource-constrained devices. Key components driving market expansion include on-device model training, edge computing power, and model accuracy evaluation. On-device data encryption, machine learning libraries, and software defined radio are integral to data security and privacy preserving techniques. Battery life optimization and model compression techniques are essential for power-efficient algorithms and deep learning optimizations.

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The Hardware segment was valued at USD 17.11 billion in 2019 and showed a gradual increase during the forecast period.

The market is witnessing a shift towards real-time inference engines, secure boot processes, and power-efficient algorithms. Digital signal processing, federated learning frameworks, and data security protocols are also gaining traction. Inference speed metrics and sensor data integration are crucial for energy consumption models and algorithm efficiency. According to recent reports, the market has seen a 15% increase in adoption, while future industry growth is projected to reach 20%. Neural network architecture advancements, low-latency processing, and inference speed improvements are expected to fuel this expansion. The market's continuous evolution underscores its importance in various sectors, offering businesses a valuable opportunity for innovation and growth.

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Regional Analysis

APAC is estimated to contribute 47% 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.

In 2024, the metal industry robotics revenue in North America decreased by nearly ** percentage points compared to the previous year. In the same year, the Europeand region had the lowest revenue growth rate globally from the metal industry robotics, with a decrease of over ** percentage points compared to 2023.

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Bare Metal Cloud Market Size 2024-2028

The bare metal cloud market size is forecast to increase by USD 19.11 billion, at a CAGR of 32.14% between 2023 and 2028.

The market is a dynamic and evolving landscape, characterized by the increasing adoption of infrastructure services that provide direct access to physical servers without the use of virtualization or hypervisors. This market is driven by the growing demand for greater control, flexibility, and performance from businesses across various sectors. One notable trend in the market is the emergence of hyper-convergence technology, which is integrating compute, storage, and networking resources into a single solution. This integration aims to simplify IT infrastructure management and improve interoperability. However, it also introduces new challenges, such as ensuring system compatibility and managing complexity. Another factor fueling market growth is the increasing penetration of online content, which necessitates the need for more robust and scalable infrastructure. According to recent studies, the number of internet users worldwide is projected to reach 4.66 billion by 2023, up from 3.96 billion in 2019. This growth presents significant opportunities for Bare Metal Cloud providers, as businesses seek to meet the demands of their digital customers. Despite these opportunities, challenges remain. For instance, ensuring system integration and interoperability across different cloud platforms and on-premises infrastructure can be complex. Additionally, managing security and compliance in a Bare Metal Cloud environment requires specialized expertise and resources. In summary, the market is a rapidly evolving landscape, driven by the growing demand for greater control, flexibility, and performance from businesses across various sectors. The emergence of hyper-convergence technology and the increasing penetration of online content are key trends shaping the market. However, challenges such as system integration and interoperability, security, and compliance remain.

Major Market Trends & Insights

North America dominated the market and accounted for a 40% growth during the forecast period.
The market is expected to grow significantly in Second Largest Region as well over the forecast period.
By the End-user, the BFSI sub-segment was valued at USD 1.07 billion in 2022
By the Type, the Hardware sub-segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 0 billion
Future Opportunities: USD USD 0 billion 
CAGR : 32.14%
North America: Largest market in 2022

What will be the Size of the Bare Metal Cloud Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free SampleThe market is a significant segment of the cloud computing industry, characterized by the deployment and management of physical servers and infrastructure for businesses. This market has witnessed substantial growth in recent years, with an increasing number of organizations turning to bare metal cloud solutions to address their unique IT requirements. One notable trend in the market is the adoption of cost optimization strategies. According to a recent survey, over 30% of businesses reported saving up to 50% on their IT infrastructure costs by implementing bare metal cloud solutions (Source: Market Research Firm). These savings are primarily attributed to the ability to customize server configurations, optimize capacity planning, and reduce the need for virtualization layers. Looking ahead, industry experts predict that hardware upgrades will play a crucial role in the evolution of the market. With the rapid advancement of technology, businesses are expected to invest in newer, more powerful servers to support their growing workloads. In fact, it is anticipated that the demand for high-performance databases and compute-intensive workloads will drive the market growth, with a projected increase of over 25% in the next five years (Source: Market Research Firm). When comparing the numerical data from the survey and growth projections, it is evident that the adoption of bare metal cloud solutions is on an upward trajectory. Businesses are recognizing the benefits of having direct control over their infrastructure, enabling them to optimize performance, reduce costs, and meet compliance requirements. In terms of infrastructure optimization, there are several key areas that businesses focus on to maximize the efficiency of their bare metal cloud deployments. These include server hardware customization, capacity planning optimization, and network configuration management. Additionally, performance monitoring tools, security patching management, and power management strategies are essential components of a successful bare metal cloud strategy. Beyond bare metal cloud solutions, there are various cloud computing alternatives that businesses consider w

Snapshot img

Device As A Service Market Size 2025-2029

The device as a service market size is valued to increase USD 498.27 billion, at a CAGR of 34.6% from 2024 to 2029. Increased adoption of bring-your-own-device (BYOD) concept will drive the device as a service market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 32% growth during the forecast period.
By Device - Desktops segment was valued at USD 44.38 billion in 2023
By Component - Hardware segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: 819.35 million
Market Future Opportunities: USD 498.27 billion 
CAGR : 34.6%
APAC: Largest market in 2023

Market Summary

The Device as a Service (DaaS) market represents a dynamic and continuously evolving landscape, driven by the increasing adoption of advanced technologies and shifting business requirements. Core technologies, such as Internet of Things (IoT) and cloud computing, are fueling the growth of this sector by enabling organizations to access devices and applications on a subscription basis. Applications of DaaS span various industries, including healthcare, manufacturing, and education, with growing demand for work flexibility and cost savings being key factors. However, challenges persist, including issues associated with system integration and data security. As the market unfolds, service types, such as hardware as a service (HaaS) and software as a service (SaaS), continue to gain traction.
According to recent studies, the HaaS segment is projected to grow at a significant rate, accounting for over 50% of the total DaaS market share by 2025. Regulatory compliance, particularly in sectors like healthcare and finance, also plays a crucial role in shaping the market's evolution. In the global context, regional markets like North America and Europe are leading the charge, while emerging economies in Asia Pacific and Latin America are poised for substantial growth. Related markets such as the IoT and cloud computing sectors are experiencing parallel growth, further fueling the potential for innovation and expansion within the DaaS market.

What will be the Size of the Device As A Service Market during the forecast period?

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How is the Device As A Service Market Segmented and what are the key trends of market segmentation?

The device as a service 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.

Device

  Desktops
  Laptops
  Tablets
  Others


Component

  Hardware
  Software
  Services


Pricing Scheme

  Subscription-based
  Pay-as-you-go


Deployment Type

  Cloud-Based
  On-Premises


Geography

  North America

    US
    Mexico


  Europe

    France
    Germany
    Italy
    Spain
    UK


  Middle East and Africa

    UAE


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Device Insights

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

Desktop as a Service (DaaS) is a cloud-based solution that delivers virtual desktops to end-users via the internet. This offering enables organizations to streamline IT infrastructure and reduce costs. For instance, transitioning to DaaS eliminates the need for on-premises servers and infrastructure management, saving both time and resources for the organization. The adoption of DaaS is on the rise, with an estimated 25% of enterprises expected to implement this solution by 2023. Furthermore, the market for cloud-based desktop services is projected to expand by 30% within the next five years. These figures underscore the growing appeal of DaaS among businesses seeking operational efficiency and cost optimization.

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The Desktops segment was valued at USD 44.38 billion in 2019 and showed a gradual increase during the forecast period.

DaaS solutions offer various benefits, including remote diagnostics, software updates, disaster recovery, and predictive maintenance. These features enable businesses to maintain their IT infrastructure effectively and ensure a seamless end-user experience. Additionally, DaaS providers offer service level agreements (SLAs) and technical support, ensuring that businesses receive reliable and high-quality services. Moreover, DaaS solutions enable organizations to manage their hardware lifecycle more effectively through remote device management, hardware upgrades, and integration platforms. Furthermore, these solutions offer usage-based pricing, allowing businesses to pay only for the resources they consume. Security is another critical aspect of DaaS

As per Cognitive Market Research's latest published report, Education Technology Industry's Compound Annual Growth Rate will be 13.2% from 2023 to 2030. What is Driving Education Technology Industry Growth?

The growing adoption of advanced education solutions by educational institutions globally to create more engaging, interactive, and personalized learning experiences is driving the growth of the Education Technology Market. Moreover, increasing preference for e-learning and e-books among learners is contributing to market growth.

The covid-19 pandemic has accelerated this trend through the adoption of online learning and remote education. With its potential to enhance education and reach a wider audience, the market is expected to continue to grow and evolve during the forecast period. What is Education Technology?

Education technology (EdTech) is the use of technology to improve and enhance teaching and learning processes. It involves the use of digital tools, software, and hardware to facilitate educational processes, such as delivering instructional content, managing and tracking student progress, and providing feedback.

In 2024, Microsoft generated approximately, **** billion U.S. dollars in revenue, making it the largest IT services company in the world in terms of revenue. Other major firms in the IT services market include Alphabet Inc., with revenues of over **** billion U.S. dollars, followed by AWS and Meta. IT services market A key sub-sector of the larger information technology industry is the IT services market. This sub-sector brings in hundreds of millions of dollars each year, with forecasts suggesting that this number will reach 1.42 trillion U.S. dollars in spending in 2023 after eclipsing the one trillion dollar mark in 2019. Digitalization, along with constant technological advancement, means that businesses in nearly every industry rely on IT services which results in continuous market spending. What are IT services products? The term IT services refers to a large amount of services and solutions used by businesses to assess, manage, and deliver information. These services include cloud computing, database management, as well as hardware deployment and support. Notably, these IT solutions assist in a vast array of business functions and thereby empower companies to stay agile and adaptive in a quickly changing environment.

Operators in the Computer and Computer Peripheral Wholesaling industry have benefited from the rapid uptake of technology among households, businesses and government organisations in the wake of the COVID-19 outbreak. Government-mandated lockdowns over the three years through 2021-22 skyrocketed working-from-home and learning online measures, increasing demand for computers and affiliated equipment. Strict social distancing directives and cautious behaviour in response to the pandemic fuelled demand for at-home entertainment products, like gaming consoles, at the retail level. However, weakening economic conditions over the two years through 2023-24, and uncertainty during the pandemic, has lengthened the replacement cycle of personal computer hardware for many businesses, constraining revenue. Overall, industry revenue is expected to decline at an annualised 0.4% over the five years through 2023-24, to $24.6 billion. High inflation and rising interest rates are set to reduce spending by consumers, contributing to an anticipated 1.5% fall in revenue in 2023-24. Industry wholesalers have faced intense pressures from internal competition, substitute products and wholesale bypass over the past five years. Although the average manufacturing price of computers has risen over the period, wholesalers have struggled to pass on these cost increases to consumers due to strong price competition. Logistical issues and the global chip shortage caused by the pandemic have increased purchase costs. These trends, coupled with the rising popularity of smartphones – which weighs down demand for computers – have squeezed industry profit margins over the past five years. However, wholesalers have increasingly invested in automated technologies to reduce wage costs, limiting profit margin declines. Industry revenue growth is projected to recover over the next five years. Purchases of replacements for existing hardware, which were delayed, and new product releases associated with AI technology are set to spur sales to business clients. Intensifying price competition and wholesale bypass’s continued rise will likely force small, unviable wholesalers to leave the market, contributing to a fall in enterprise numbers over the next five years. Overall, industry revenue is forecast to rise at an annualised 2.5% over the five years through 2028-29, to reach $27.9 billion.

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Virtual Reality (VR) Market Size 2025-2029

The virtual reality (VR) market size is valued to increase USD 133.17 billion, at a CAGR of 38% from 2024 to 2029. Recent developments in virtual reality technologies will drive the virtual reality (VR) market.

Major Market Trends & Insights

North America dominated the market and accounted for a 33% growth during the forecast period.
By End-user - Enterprise segment was valued at USD 6.37 billion in 2023
By Component - Hardware segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 1.00 million
Market Future Opportunities: USD 133174.20 million
CAGR from 2024 to 2029: 38%

Market Summary

The market represents a dynamic and rapidly evolving industry, driven by advancements in core technologies and applications. Key technologies, such as 6DoF tracking, haptic feedback, and eye-tracking, are revolutionizing user experiences. Applications span across various sectors, including gaming, healthcare, education, and manufacturing, with the industrial segment expected to account for a significant market share due to its potential to enhance productivity and training. Integration of Artificial Intelligence (AI) and Machine Learning (ML) with VR technology is a major trend, enabling personalized content and enhancing user experiences. However, the high cost of immersive hardware remains a significant challenge, limiting widespread adoption.
Regulatory frameworks, such as the European Union's Medical Devices Regulation, are shaping the market landscape. According to recent reports, the global VR market is projected to reach a 30% adoption rate by 2025, underscoring its growing importance in various industries. Recent developments include advancements in wireless VR technology and the introduction of standalone headsets, which are expected to further fuel market growth.

What will be the Size of the Virtual Reality (VR) Market during the forecast period?

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How is the Virtual Reality (VR) Market Segmented?

The virtual reality (VR) 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.

End-user

  Enterprise
  Consumer


Component

  Hardware
  Software


Device

  Head-mounted display
  Gesture-tracking device
  Projectors & display wall


Technology

  Semi & fully immersive
  Non-immersive


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By End-user Insights

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

Virtual reality (VR) is an immersive technology that creates artificial environments using software, presented to users through devices like headsets. The market for VR experiences has seen significant growth, with remote collaboration tools and immersive experiences driving adoption in various sectors. For instance, depth perception, real-time rendering, and simulation platforms are increasingly utilized in industries such as gaming, entertainment, retail, sports, and travel. Photogrammetry techniques and data visualization tools are essential for creating realistic virtual environments, while human-computer interaction, motion tracking systems, and user interface design ensure seamless user experiences. Advancements in technologies like graphics processing units (GPUs), field of view, and 360-degree cameras have led to improvements in visual fidelity and user comfort.

Virtual prototyping, avatar creation, and latency issues are critical aspects of the VR market, with telepresence systems and head-mounted displays enabling more interactive and engaging experiences. Spatial audio rendering, environmental simulation, and sensory feedback systems further enhance the realism of virtual environments. Interaction design, motion capture technology, and haptic feedback devices are essential for creating immersive and engaging VR applications. The VR market is expected to expand further, with the number of users for virtual reality content projected to grow significantly. The healthcare industry is expected to be a major contributor to this growth, as virtual reality technology is increasingly used for training simulations, object recognition, texture mapping, and other applications.

The adoption of VR technology in education, engineering, and architecture is also expected to increase, as it offers cost-effective and efficient solutions for creating realistic simulations and models. Th