Personal Computers Market Size, Share, Growth, and Industry Analysis by Type (Gaming Series, Business Series), by Application (Online, Offline), and Regional Insights and Forecast to 2031

Updated On: 22 April 2024

PERSONAL COMPUTERS MARKET REPORT OVERVIEW

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global personal computers market size was USD 221650 million in 2019 and will touch USD 252740 million by 2026, exhibiting a CAGR of 1.9% during the forecast period.

Personal computer (PC) is a multi-purpose computer whose size, capabilities, and price make it feasible for individual use. PCs are intended to be operated directly by an end user, rather than by a computer expert or technician. Computer time-sharing models that were typically used with larger, more expensive minicomputer and mainframe systems, to enable them be used by many people at the same time, are not used with PCs. These computers usually have more powerful hardware and software than those found in smaller devices, such as tablets and smartphones. Personal computers are used for a variety of purposes, including entertainment, education, business, and communication. They are also essential tools for many jobs. A personal computer (PC) is a multi-purpose computer whose size, capabilities, and price make it feasible for individual use. Personal computers are intended to be operated directly by an end user, rather than by a computer expert or technician. Additionally, many organizations are changing the priorities, as everyone is shifting from traditional work methods to work from home and remote working. Additionally, the higher demand for laptops and desktops is driven by the COVID-19 pandemic.

Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact: Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use Of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

PERSONAL COMPUTERS MARKET SEGMENTATION

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• By Type Analysis

According to type, the market can be segmented into gaming series, business series

Gaming series will capture the maximum market share through forecast period.  

Gaming series- Personal Computers are designed for gaming and provide high-performance features. They include powerful processors, graphics cards, and memory that allow users to play the latest games with ease. Gaming series personal computers are also often equipped with a keyboard and mouse that make it easy to control gameplay.

Business series - Personal Computers are designed for business users and offer features such as long battery life, a backlit keyboard, and a large screen. They are also typically more expensive than gaming series personal computers.

• By Application Analysis

According to application, the market can be segmented into online, offline

Personal computers market players cover segment as offline will dominate the market share during forecast period.

Online -This segment includes PCs purchased through e-commerce platforms, brand websites, and other online retail channels. Online sales have been growing, especially with younger consumers and in regions with strong internet infrastructure.

Offline -This segment covers PCs bought from physical retail stores, brand showrooms, and other offline outlets. Growing demand from consumers for gaming consoles and other handheld devices such as smartphones and tablets that run on the windows OS platforms has expected to witness significant growth.

DRIVING FACTORS

"Increased Internet Penetration To Boost The Market Growth"

Increased internet penetration and digital literacy have made computers more essential for everyday tasks, from shopping and entertainment to banking and communication. Increasing popularity of laptops that can also serve as personal computers, which offer better portability and battery life compared to desktop PCs.

"Technological Advancement and Innovation To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the personal computers market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Continuous innovation in processing power, battery life, display technology, and storage capacity drives consumer and business demand for newer, faster, and more efficient PCs.

RESTRAINING FACTOR

"Environmental Concerns To Hamper The Market Growth"

Increasing awareness of electronic waste and the environmental impact of manufacturing and disposing of PCs can influence consumer behaviour and regulatory requirements. Technical difficulties will reduce the industry revenue.

PERSONAL COMPUTERS MARKET REGIONAL INSIGHTS

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"North America to Dominate the Region Due To The High Adoption Rates Of Technology Among Consumers  "

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East and Africa.

North America is further expected to witness growth in the personal computers market share. The region is dominating the market due to the high adoption rates of technology among consumers.  The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List Of Market Players Profiled

• Dell (U.S.)
• HP (U.S.)
• Lenovo (U.S.)
• Asus (Taiwan)
• Samsung (South Korea)

INDUSTRIAL DEVELOPMENT

April 2021: Lenovo’s Intelligent Devices group has created a new device as a service offering tailored to the needs of small & medium sized business.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.