The computer repair industry is an ever-evolving sector that has seen significant growth in recent years. According to IBISWorld, the revenue of this industry is expected to reach $18.7 billion by 2021 and had a -0.8% growth rate between 2016 and 2021. There are currently around 52,716 businesses operating within the US alone, employing approximately 126,490 people across the country. On average these businesses charge $50 per hour for labor services while Managed Service Providers (MSPs) have experienced 13.7% annual revenue growth rates over 2020/2021 period according to ValueWalk research report on Datatech Computer Repair Services Market Size & Share Trends Growth Industry Report 2020-2027 .
Furthermore, Statista reports that laptop repair services account for nearly 60% of all service revenues generated from this market with small and medium sized business contributing more than 50%. Additionally 64% of computer repair businesses in the US are small ones with fewer than ten employees as reported by IBISWorld’s United States Market Research Reports: Computer Repair Services Industry analysis which also states that demand for IoT device servicing will increase its share up to 3%, reaching a total value of $3 billion by 2024 according Global Market Insights Inc.’s study on Computer Repair Services Market size & Forecast 2019– 2025 . Moreover MarketsandMarkets predicts global computer maintenance management system market will be worth about $3.3 billion dollars by 2026 due increased reliance on cloud computing solutions among SMBs as reported TechAisle’s Facts And Stats page , indicating higher need for such services worldwide.. Finally IBM Security Digital Assets Cost Data Breach Report reveals data breaches cost organizations globally an average amount of almost 4 million dollars last year whereas Technewsworld estimates downtime caused solely because computers problems costs companies 88 thousand USD every single hour.
This statistic is a testament to the immense potential of the computer repair industry. It shows that the industry is growing and is expected to continue to do so in the coming years. This is an important indicator of the industry’s health and can be used to inform decisions about investments, marketing strategies, and other business decisions. It is also a useful tool for understanding the current state of the industry and can be used to compare it to other industries.
The computer repair industry had a -0.8% growth rate between 2016 and 2021.
This statistic is a telling indication of the state of the computer repair industry. It shows that the industry has been in a period of stagnation, with a negative growth rate over the past five years. This is an important piece of information for anyone looking to gain insight into the industry, as it provides a clear picture of the current market conditions.
Computer Repair Industry Statistics Overview
The current number of computer repair businesses in the US is around 52,716.
This statistic is a telling indication of the size of the computer repair industry in the US. It shows that the industry is a significant one, with a large number of businesses providing services to customers. This statistic is important to consider when discussing the Computer Repair Industry, as it provides a snapshot of the industry’s current state.
The computer repair industry employs approximately 126,490 people in the United States.
This statistic is a powerful indicator of the size and scope of the computer repair industry in the United States. It demonstrates the sheer number of people employed in the industry, and the impact it has on the economy. It also serves as a reminder of the importance of computer repair services, and the need for qualified professionals to provide them.
On average, computer repair businesses charge $50 per hour for labor.
This statistic is a key indicator of the cost of services in the computer repair industry. It provides a benchmark for customers to use when comparing the prices of different businesses, and it gives an idea of the average cost of labor for computer repair services. Additionally, it can be used to inform decisions about pricing strategies for businesses in the industry.
By 2026, the global computer maintenance management system market is predicted to reach $3.3 billion.
This statistic is a testament to the growing importance of computer maintenance management systems in the modern world. As the market for these systems continues to expand, it is clear that businesses and individuals alike are recognizing the need for reliable and efficient computer maintenance solutions. This statistic serves as a reminder of the importance of staying up-to-date with the latest technology and trends in the computer repair industry.
The operating system most encountered in computer repair businesses is Microsoft Windows, with a market share of 76.56%.
This statistic is a telling indication of the prevalence of Microsoft Windows in the computer repair industry. It speaks to the fact that the majority of computer repair businesses are dealing with Windows-based systems, and that the market share of Windows is significantly higher than that of any other operating system. This is an important statistic to consider when discussing the computer repair industry, as it provides insight into the types of systems that repair businesses are likely to encounter.
Small and medium-sized businesses (SMBs) contribute to more than 50% of the computer repair industry’s revenue.
This statistic is a testament to the importance of small and medium-sized businesses in the computer repair industry. It highlights the fact that these businesses are a major source of revenue for the industry, and that they are an integral part of the industry’s success. This statistic is an important reminder that SMBs should be supported and encouraged to continue to contribute to the industry’s growth.
64% of computer repair businesses in the US are small businesses with fewer than ten employees.
This statistic is a telling indication of the Computer Repair Industry’s reliance on small businesses. It speaks to the fact that the majority of computer repair businesses in the US are small operations, with fewer than ten employees. This is significant because it highlights the importance of small businesses in the industry, and the need for them to be supported and nurtured in order to ensure the industry’s continued success.
The demand for IoT device servicing is anticipated to increase computer repair services market share by about 3% by 2024.
This statistic is a key indicator of the future of the computer repair services market. It suggests that the demand for IoT device servicing is expected to drive an increase in the market share of computer repair services by 2024. This is an important insight for anyone interested in the computer repair industry, as it provides a glimpse into the potential growth of the sector in the coming years.
Over 200 million PCs were sold in 2020, indicating a higher need for computer repair services.
This statistic is a testament to the growing demand for computer repair services. With over 200 million PCs sold in 2020, it is clear that the need for computer repair services is on the rise. This indicates that the computer repair industry is a lucrative and ever-growing field, making it an attractive option for those looking to start a business or expand their current services.
The global average cost of data breaches in 2020 was $3.86 million.
This statistic is a stark reminder of the importance of computer repair services in the modern world. With the average cost of data breaches reaching such a high figure, it is essential that businesses and individuals alike invest in the necessary repairs and maintenance to ensure their systems are secure and up-to-date. Without the help of computer repair services, the cost of data breaches could be even higher.
Across all industries, computer problems cost organizations about $88,000 per hour of downtime.
This statistic serves as a stark reminder of the importance of computer repair services. It highlights the potential financial losses that organizations can incur due to computer problems, and emphasizes the need for reliable and efficient computer repair services. It is a powerful reminder of the value of investing in computer repair services, and the potential cost savings that can be achieved by doing so.
The North American computer repair and maintenance services industry is predicted to grow at a CAGR of 4.35% between 2021 and 2028.
This statistic is a valuable insight into the future of the North American computer repair and maintenance services industry, indicating that it is likely to experience steady growth over the next seven years. This information is essential for anyone interested in the industry, as it provides a glimpse into the potential opportunities and challenges that may arise in the near future.
Approximately 80% of small businesses use cloud services to manage their operations, increasing their reliance on computer repair services.
This statistic is a testament to the importance of computer repair services in the modern business world. With the majority of small businesses relying on cloud services to manage their operations, the need for reliable computer repair services is greater than ever. This statistic highlights the need for businesses to have access to reliable computer repair services in order to ensure their operations run smoothly.
There is a 13.7% annual revenue growth rate for Managed Service Providers (MSPs) within the computer repair industry.
This statistic is a testament to the success of Managed Service Providers (MSPs) within the computer repair industry. It shows that the industry is growing at a steady rate, indicating that MSPs are providing a valuable service to their customers. This is an important statistic to consider when discussing the computer repair industry, as it demonstrates the potential for success within the industry.
In 2020, the online computer repair services market was valued at $3.5 billion.
This statistic is a testament to the immense size of the online computer repair services market. It highlights the fact that the industry is a major player in the global economy, and that it is continuing to grow. This information is essential for anyone looking to gain a better understanding of the computer repair industry and its potential for growth.
Conclusion
The computer repair industry is a rapidly growing sector, with the global market expected to reach $18.7 billion in 2021 and an estimated growth rate of -0.8% between 2016 and 2021. The current number of businesses operating within this industry stands at around 52,716, employing approximately 126,490 people across the United States alone. On average these businesses charge $50 per hour for labor services while laptop repairs account for nearly 60% of their service revenues. Small and medium-sized businesses (SMBs) contribute more than 50% to the total revenue generated by this sector while 64% are small business operations with fewer than ten employees each.
In addition to traditional repair services such as hardware or software maintenance, many companies now offer specialized services like data recovery or networking solutions which have seen increased demand due to rising IoT device usage worldwide as well as cloud computing adoption among SMBs that has grown exponentially over recent years leading up until 2020 when it was valued at $3.5 billion globally . Furthermore, managed service providers (MSPs) within this field have experienced 13.7 % annual revenue growth since 2019 indicating further potential for expansion in both domestic markets but also abroad where North America’s computer repair & maintenance services industry is predicted grow 4x faster than its global counterpart through 2028 reaching a CAGR of 4%.
Overall these statistics demonstrate how lucrative yet competitive the computer repair industry can be; however they also highlight just how essential reliable IT support systems are becoming not only on an individual level but increasingly so from organizations large and small alike who rely heavily on technology today more so then ever before making it all too clear why investing into quality digital infrastructure management should remain top priority moving forward if we wish our society’s technological progress continue unhindered into future generations ahead.
References
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