Latest News- Laptop Market: Business is expected to lead the End-user segment during 2025-2029
The Laptop Market is being driven by Growth of corporate sector
The Laptop Market is expected to grow at a CAGR of 2.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 20.5 billion. In the dynamic laptop market, strategic collaborations and partnerships have become a key growth strategy for market participants. Semiconductor component manufacturers, technology platform providers, software developers, and distributors are increasingly forming alliances to broaden their offerings and expand their reach. For instance, in September 2024, Asus unveiled the Vivobook S 15 and ProArt PZ13 laptops as part of its Copilot+ PC series, in collaboration with Qualcomm Technologies. These laptops, among the first to utilize the new Snapdragon X Plus 8-core processor, underscore the benefits of such partnerships. Similarly, in May 2024, HP introduced AI PCs and laptops powered by Qualcomm's Snapdragon X Elite chipset, catering to the needs of working professionals and content creators. Such collaborations enable vendors to enhance their product portfolios, extend their geographical presence, and gain market share.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on End-user (Business, Personal, Gaming) Type (Traditional laptop, 2-in-1 laptop) Geography (North America, Europe, APAC, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Laptop Market Research Report
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The laptop market is experiencing a surge with the rise of advanced gaming laptops, featuring high-speed graphic cards and ultra-thin body designs. Digital transformation and artificial intelligence integration are key trends, catering to video gamers, eSports participants, and the gaming culture. Cooling solutions ensure optimal system performance during intense gaming sessions. Online sales via eCommerce platforms, digital payments, and affordable Android laptops offer flexibility for mid-range consumers. Multitasking and computing power are essential for work-from-home models and BYOD trends in the personal segment, enabling personalized learning.
The laptop market, a significant segment of the global technology hardware, storage, and peripherals industry, is experiencing substantial growth. Factors driving this expansion include increasing disposable incomes, the availability of advanced laptops with superior system performance, and the price-performance ratio's attractiveness. As businesses and consumers prioritize design and functionality, the demand for laptops with long hardware life cycles continues to rise. The global technology hardware, storage, and peripherals market, which encompasses manufacturers of laptops, personal computers, servers, and peripherals, is expected to grow due to the escalating need for data storage solutions resulting from the increasing volume, velocity, veracity, and variety (4Vs) of data.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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