IT Market Size Expected to Grow by USD 209.41 Billion | Rising Use of Laptops in Educational Institutions to Drive Market Growth

0

NEW YORK, January 24, 2022 /PRNewswire/ — The “IT Market by Product and Geography – Forecast and Analysis 2022-2026report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with over 100 Fortune 500 companies for over 16 years. The potential growth difference for the IT between 2021 and 2026 is $209.41 billion. The report identifies the market to register accelerated growth momentum at a CAGR of 9.68% between this period.

Attractive Opportunities in the Computer Market by Product and Geography – Forecast and Analysis 2022-2026

To get the exact annual growth variance and annual growth rate, Read our FREE sample.

Key Market Dynamics:

The increasing use of laptops in educational institutions and advancements in technology and virtual learning are some of the major market drivers. Educational institutions such as schools and universities are adopting laptops in their classrooms due to factors such as low cost, wireless access, and convenience. Additionally, several schools are embracing virtual technologies and offering online courses that allow students to learn at their convenience. For example, in January 2019Blue Springs Public School District, located at Missouri, in the United States, provided 1,275 laptops and Surface Book 2 computers to teachers. Moreover, with the growing culture of online education in the primary and higher education sector post-pandemic, the demand for computers and laptops is expected to witness a huge increase in the coming years.

However, factors such as inadequate cybersecurity measures will test the growth of the market. One of the major challenges affecting the growth of the global IT market is cybersecurity. With the increasing digitization of education, threats related to information security, unwarranted access and privacy of student data have increased. The main reasons for the vulnerability of the education sector to cyberattacks include the availability of valuable user and organizational data, the lack of a centralized structure for data storage, and the unregulated use of personal digital devices.

Learn more about additional key factors, trends and challenges available with Technavio. Download a sample report here!

Key Market Segment Analysis:
The IT Market report is segmented by Product (Laptop, Desktop, and Tablet) and by Geography (APAC, North America, Europe, South America, and MEA). The portable computer products segment held the largest computer market share in 2021. The segment will continue to maintain its dominance till 2026, mainly due to the high level of mobility offered by these portable devices. Laptops are very easy to transport. Moreover, laptops come with different configurations and users should choose laptops based on their usage and preferences. Thus, increasing usage of laptops in various sectors, such as healthcare, business, and education, will further bolster the growth of the market over the forecast period.

In terms of geography, APAC will be the top region with 38% market growth over the forecast period. The growth in the volume of shipments is due to the growing demand for computers from the consumer and business sectors. The demand for computers from small and medium-sized enterprises (SMEs) is also increasing in the region owing to the rollout of the Goods and Services Tax (GST), which requires businesses to maintain records of various transactions. Additionally, post-pandemic, there has been a sudden increase in the need for remote access technologies and hardware. For example, in India, approximately 90% of the workforce in the IT industry is teleworking in accordance with the government mandate. The growing culture of telecommuting in various countries has led to an increasing demand for computers.

See our sample report for additional information on the contribution of all segments and regional opportunities in the report.

Some companies mentioned

  • To access more supplier profiles with their latest strategic initiatives in a tailored report, Talk to our analysts

Related reports:

Educational Tablets Market by End User and Geography – Forecast and Analysis 2022-2026

PC Market by Distribution Channel and Geography – Forecast and Analysis 2022-2026

IT Market Scope

Report cover

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 9.68%

Market Growth 2022-2026

$209.41 billion

Market structure

Fragmented

Annual growth (%)

8.90

Regional analysis

APAC, North America, Europe, South America and MEA

Successful market contribution

APAC at 38%

Main consumer countries

USA, China, UK, Japan and India

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Acer Inc., Apple Inc., ASUSTeK Computer Inc., Dell Technologies Inc., HP Inc., Lenovo Group Ltd., Micro Star International Co. Ltd., Microsoft Corp., Samsung Electronics Co. Ltd. and Toshiba Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 industry analysts, Technavio’s library of reports Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. Technavio’s exploitable market to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
E-mail:[email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

Quote

Quote

Show original content to download multimedia:https://www.prnewswire.com/news-releases/computer-market-size-to-grow-by-usd-209-41-bn-increasing-use-of-laptops-in-educational-institutions-to- boost-market-growth–17-000-technavio-research-reports-301465888.html

SOURCETechnavio

Share.

Comments are closed.