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Personal Computer Market Report
Personal Computer Market Trends, Dynamics & Market Insights
The Personal Computer Market is estimated to grow from USD 145.2 billion in 2020 to USD 240.5 billion by 2026 at a healthy CAGR of 8.9% during the forecast period.
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A personal computer is a multi-purpose computer whose size, price, and capabilities make it doable for individual use. These computers are intended to be operated directly by end- druggies, rather than a technician or a computer expert. They're sturdy and smooth in operation.
Key players operating in the personal computer market are-
Increasing internet penetration is a key driver likely to boost the demand for personal computers. The number of internet users is rising by over 7% annually. Assembled accessories of personal computers witness high demand in schools, colleges, and offices to ensure easy computing and smooth operations. Rising digitalization in schools augments the demand for personal computers for education and projects, thus offering lucrative opportunities. However, the rising demand for laptops is likely to hinder the industry's growth.
Based on end-use, the personal computer market is classified into consumer, commercial, and industrial. The consumer segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. This is mainly attributed to rising purchasing power, increasing the number of schools, colleges, and offices; increasing demand for curated computers for specific applications such as designing, further bolsters the segment growth.
By region, the Asia Pacific market accounted for a significant share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly ascribed to the increasing population, rising urbanization, growing internet penetration, which has spawned a rise in the demand for personal computers. Also, the large presence of product manufacturers in China, India, and Japan, further proliferates the regional market growth.
The COVID-19 outbreak has moderately affected the personal computer industry. The pandemic has turned the lives of people worldwide, with the number of cases increasing rapidly. The pandemic resulted in a rise in the sales of personal computers due to the emergence of work-from-home policies. However, the production of personal computers was affected due to supply chain disruption.
Here is the list of the group of customers that the personal computer market hopes to have the greatest opportunity to convert-
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The personal computer market is expected to witness an impressive growth of 8.9% CAGR in the coming years.
Dell (US), The Hewlett-Packard Company, Lenovo Group Limited (Hong Kong), Acer Inc. (Tai-wan), Apple Inc. (US), AsusTek Computer Inc. (Taiwan), The Samsung Group (South Korea), Mi-crosoft Corporation, Alienware, and Micro-Star International Co. Ltd. (Taiwan) are among the key players in the personal computer market.
The personal computer market size is expected to reach USD 240.5 billion in the foreseeable future.
The consumer segment is expected to register a healthy CAGR in the personal computer market in the coming years.
Asia-pacific is expected to grow at a substantial CAGR in the personal computer market during the next five years.
Personal Computer vendors, Personal Computer retailers, Consumer electronic companies, Internet companies are the target audience in the personal computer market.
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