Published on : Nov 17, 2014
The hardware (compute and tools) market has performed remarkably over the past five years. In a recent survey conducted by a leading market research firm in the U.S., some of the emerging, but prominent regions such as, China, Russia, Brazil, and India are more inclined to increase their investments in hardware tools, especially IT hardware including servers, storage, PCs, printing devices, and many other counterparts and peripherals in mature markets.
The global hardware market is fragmented into servers, storage, and network equipment market. The storage sector generates the largest revenue, while the technological and network equipment segment has led to additional data generation.
As the economy recovers, the performance of the hardware market highly depends on the industrial activity in the downstream industries, such as the automotive manufacturing and the construction sectors. Also, pressuring margins and set prices, as well as strong surge in the movement of the US dollar influences the global hardware market. Nevertheless, import penetration for hardware tools and data and processing equipment will weigh heavily on the revenue growth of the hardware market in the coming years.
The hardware market is sorted with large focus on equipment and machinery instead of property, vehicles, and infrastructures. Also, medium to large industry firms are capitalizing more of their investments in hardware segment areas like green IT, virtualization, and cloud-computing. The hardware market which also comprises plumbing, tools, and electrical supplies accounts for the largest share of revenue, approximately projected to be more than 58 per cent for the current year.
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