Research Nester’s recent market research analysis on “IT Devices Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor’s analysis and a detailed overview of the global IT devices market in terms of market segmentation by product, operating system, distribution channel, application, and by region.
Growing Popularity of Smart Home Ecosystems is Creating Profitable Opportunities for IT Device Manufacturers
The rising spending power of consumers, the emergence of digital technologies such as artificial intelligence (AI), the Internet of Things (IoT), smart sensors, and cloud computing, and the growing demand for smart homes are driving high demand for IT devices around the globe. A smart home ecosystem often involves multiple interconnected devices that work together to create an automated home environment, this ecosystem synergy is fuelling demand for advanced IT devices.
Smart home devices enable automation of routine tasks based on user preferences and schedules. This level of automation adds convenience and improves quality of life leading to high sales of innovative IT devices. For instance, in August 2024, LG Electronics revealed the launch of ‘ThinQ ON’ an AI home hub at IFA 2024 in Berlin, Germany. This AI home hub seamlessly connects with various appliances and Internet of Things (IoT) devices making it a convenient smart home for all.
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Some of the major growth factors and challenges that are associated with the growth of the global IT devices market are:
Growth Drivers:
• Growing adoption of wireless communication networks such as 5G
• Digital transformation across several industries
Challenges:
The fast pace of technological advancements leads to continuous innovations and adoption but creates challenges for companies to keep up with trends and consumer demands. Also, in mature markets high levels of competition and market saturation are expected to limit growth opportunities and profit margin of IT device manufacturers.
The enterprise segment is expected to capture 63.5% of revenue share by 2037 owing to high demand for laptops, desktops, and other networking equipment for operational efficiency. For faster decision-making and productivity improvement, the installation of advanced IT devices is vital for enterprises. Also, the adoption of advanced IT devices enables enterprises to innovate and stay competitive, contributing to segmental growth.
The Asia Pacific market will be evaluated at USD 774.9 billion in 2025 and is projected to hold a share of 40.5% by 2037. The rise in e-commerce and e-learning platforms is anticipated to boost the sales of smartphones and tablets in the region. Schools, colleges, and universities are investing heavily in advancing their infrastructure to facilitate tech-driven educational methodologies, which is fuelling a high demand for advanced IT devices.
This report also provides the existing competitive scenario of some of the key players of the global IT devices market which includes Microsoft Corporation, Samsung Electronics Co Ltd, Schneider Electric S.E., Siemens AG, Dell Technologies Inc., Eaton Corporation, Honeywell International Inc., Landis Gyr Inc., ABB Ltd., S & C Electric Company, Apple Inc., Cisco Systems, and others.
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https://www.researchnester.com/reports/it-devices-market/6425
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