Key Takeaways
- In 2023, the global computer hardware market reached a value of $1.2 trillion, marking a 5.2% increase from 2022 driven by demand for AI-enabled processors.
- The PC market shipped 241.5 million units in 2023, down 14.8% year-over-year but expected to recover with 3.7% growth in 2024.
- Enterprise spending on IT products and services worldwide is projected to hit $5.1 trillion in 2024, up 8% from 2023.
- Worldwide desktop PC shipments were 32.1 million in Q4 2023, down 18.4%.
- Laptop shipments globally reached 180.2 million units in 2023.
- Average selling price of PCs increased to $912 in Q4 2023 from $809 in 2022.
- Global SaaS market revenue reached $232 billion in 2023, up 18% YoY.
- Public cloud services spending hit $599 billion in 2023.
- Worldwide software market revenue was $742 billion in 2023.
- Global computer industry employed 4.5 million people in the U.S. in 2023.
- Software developers in the U.S. numbered 1.78 million in 2023, with median wage $127,260.
- Computer systems analysts employment reached 532,000 in 2023.
- Global VC investment in tech $344 billion in 2023.
- AI startups raised $50 billion in 2023.
- Semiconductor funding $30 billion in 2023 globally.
Despite declines in PC shipments, the industry grows strongly overall due to AI and enterprise spending.
Hardware and Devices
Hardware and Devices Interpretation
Investments and Innovations
Investments and Innovations Interpretation
Market Growth and Revenue
Market Growth and Revenue Interpretation
Software and Cloud
Software and Cloud Interpretation
Workforce and Employment
Workforce and Employment Interpretation
Sources & References
- Reference 1STATISTAstatista.comVisit source
- Reference 2IDCidc.comVisit source
- Reference 3GARTNERgartner.comVisit source
- Reference 4IBISWORLDibisworld.comVisit source
- Reference 5SEMICONDUCTORSsemiconductors.orgVisit source
- Reference 6SYNERGYRESEARCHGROUPsynergyresearchgroup.comVisit source
- Reference 7MARKETSANDMARKETSmarketsandmarkets.comVisit source
- Reference 8BEAbea.govVisit source
- Reference 9GRANDVIEWRESEARCHgrandviewresearch.comVisit source
- Reference 10DRAMEXCHANGEdramexchange.comVisit source
- Reference 11TRENDFORCEtrendforce.comVisit source
- Reference 12JONPEDDIEjonpeddie.comVisit source
- Reference 13NEWZOOnewzoo.comVisit source
- Reference 14FUTURESOURCE-CONSULTINGfuturesource-consulting.comVisit source
- Reference 15CLOUDcloud.google.comVisit source
- Reference 16BLACKDUCKblackduck.comVisit source
- Reference 17MICROSOFTmicrosoft.comVisit source
- Reference 18STACKOVERFLOWstackoverflow.comVisit source
- Reference 19BLSbls.govVisit source
- Reference 20KORNFERRYkornferry.comVisit source
- Reference 21MCKINSEYmckinsey.comVisit source
- Reference 22GLASSDOORglassdoor.comVisit source
- Reference 23NASSCOMnasscom.inVisit source
- Reference 24FLEXJOBSflexjobs.comVisit source
- Reference 25LINKEDINlinkedin.comVisit source
- Reference 26ISC2isc2.orgVisit source
- Reference 27DEELdeel.comVisit source
- Reference 28LEVELSlevels.fyiVisit source
- Reference 29EEOCeeoc.govVisit source
- Reference 30UPWORKupwork.comVisit source
- Reference 31LAYOFFSlayoffs.fyiVisit source
- Reference 32CBINSIGHTScbinsights.comVisit source
- Reference 33SEMIANALYSISsemianalysis.comVisit source
- Reference 34COMMERCEcommerce.govVisit source
- Reference 35WIPOwipo.intVisit source
- Reference 36IFRifr.orgVisit source
- Reference 37GSMAgsma.comVisit source
- Reference 38EYey.comVisit source
- Reference 39PWCpwc.comVisit source
- Reference 40DEALOGICdealogic.comVisit source
- Reference 41LIGHTCOUNTINGlightcounting.comVisit source
- Reference 42ECec.europa.euVisit source






