increasing use of laptops in educational institutions is driving the Computer Market

Latest News:- Computer Market: Laptop is expected to lead the Product segment during 2024-2028

Technavio analyzes that the Computer Market is expected to grow at a CAGR of 17.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 57849.8 million.There are various factors that contribute to the growth of the market. The integration of technology in educational institutions has led to a significant rise in the utilization of laptops. This shift is driven by the need for flexibility, portability, and enhanced learning experiences. Laptops enable students to access a wealth of educational resources, collaborate on projects, and take notes digitally. Furthermore, they offer the convenience of working from anywhere, making education more accessible and efficient. The use of laptops in educational settings is a trend that is here to stay, as it aligns with the modern-day learning requirements.

In the dynamic and evolving landscape of modern technology, laptops have emerged as indispensable tools for both personal and professional use. As compact mobile computing devices, laptops boast sleek LED or LCD screens and ergonomic keyboards, enabling users to engage in a myriad of activities, including work, education, multimedia consumption, and gaming. The mobility offered by laptops is a significant advantage, making them a preferred choice for professionals, students, and members of the gaming community. With diverse configurations catering to various use cases and preferences, selecting the optimal laptop is crucial for maximizing productivity and efficiency in today's digital world. Laptops are instrumental in facilitating digital content creation, online learning, and the utilization of digital services within the household and beyond. 

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Computer Market Segmentation

• Product
  • Laptop
  • Desktop
• Geography
  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

• Acer Inc.
• Apple Inc.
• ASUSTeK Computer Inc.
• Dell Technologies Inc.
• Fujitsu Ltd.
• HP Inc.
• Lenovo Group Ltd.
• LG Corp.
• Micro Star International Co. Ltd.
• Microsoft Corp.
• Nokia Corp.
• Panasonic Holdings Corp.
• Razer Inc.
• Samsung Electronics Co. Ltd.
• Toshiba Corp.
• Xiaomi Inc.

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Research Analysis Overview

The Computer Market encompasses various segments including Personal Computers (PCs) such as Desktops, Notebooks, and Workstations. These PCs cater to diverse needs like Multimedia Content Creation, Gaming, High-Performance, Remote Work, and Online Education. Technology Infrastructure supports sectors like E-commerce, Commercial, and Household. Hybrid Devices like Tablets and Hybrid PCs bridge the gap between laptops and tablets. Microprocessor technology powers these devices, fueling growth in B2B and B2C markets. GST regulation impacts the Commercial PC market, while Gaming devices dominate the niche market. Hybrid work models necessitate versatile devices for Content creation and Internet usage.

Market Research Overview

In the broader context of the global information technology market, the technology hardware, storage, and peripherals sector, which encompasses personal computers, multimedia content creation systems, gaming devices, high-performance PCs, remote work solutions, online education tools, and peripherals, is a significant segment. This market category, as per Technavio, includes manufacturers of personal computers, servers, electronic computer components, data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other peripherals. The market size is determined by the revenue generated from the sales of these hardware devices, equipment, and components. Key growth drivers for this market include the expanding demand for data centers due to the surge in remote work and online education necessitated by the COVID-19 pandemic.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
Jesse Maida
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